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One other positive aspect to the Water Fund is Greg Schroeder's plan to begin to change -out old <br />water meters. Given the age of our water meters, new meters should generate additional revenue <br />with more accurate readings. The impact won't show up until the 3"1 quarter if change -outs <br />occur over the summer. <br />While a 4% increase is larger than I would like, I think it is important to note that since 1993 the <br />water fund has experienced an average rate increase of 2.50% a year. In 1993, our rates were <br />31.71 for the winter period and 31.77 for the summer period. In the sewer fund, we did not <br />convert to a volume rate charge until 1995. At that point, our rate was 32.15 per 1,000 versus the <br />current $2.31 per 1,000. From 1995, this averages to approximately 1.24% increase per year. <br />Furthermore, the minimum sewer charge has not changed during this period. Therefore, I think <br />our utility rate increases have been very reasonable in terms of inflation comparisons. <br />It is my recommendation that we adopt the rate increase as proposed. If you have any comments <br />or questions, please let me know. <br />JRH:kpp <br />cc: Barb Suciu <br />Page 19 <br />