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05-03-2021 Council Work Session Packet
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05-03-2021 Council Work Session Packet
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Last modified
11/4/2021 10:53:20 AM
Creation date
11/4/2021 9:07:24 AM
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City Council
Council Document Type
Council Packet
Meeting Date
05/03/2021
Council Meeting Type
Work Session Regular
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<br /> <br />Contents <br />Baker Tilly Municipal Advisors, LLC is a registered municipal advisor and <br />wholly-owned subsidiary of Baker Tilly US, LLP, an accounting firm. Baker <br />Tilly US, LLP trading as Baker Tilly is a member of the global network of Baker <br />Tilly International Ltd., the members of which are separate and independent <br />legal entities. <br /> <br />1. INTRODUCTION ................................................................. 1 <br />2. BACKGROUND .................................................................. 2 <br />WATER FUND ............................................................................ 3 <br />SEWER FUND............................................................................ 5 <br />AREA AND UNIT CHARGE FUND ............................................. 7 <br />EQUITY OF CURRENT RATES ................................................. 9 <br />CASH RESERVES ................................................................... 10 <br />ASSUMPTIONS........................................................................ 10 <br />3. WATER UTILITY .............................................................. 14 <br />SCENARIO 1 ............................................................................ 15 <br />SCENARIO 2 ............................................................................ 17 <br />SCENARIO 3 ............................................................................ 19 <br />4. SEWER UTILITY ............................................................... 22 <br />SCENARIO 1 ............................................................................ 22 <br />SCENARIO 2 ............................................................................ 24 <br />5. AREA & UNIT CHARGE FUND........................................ 27 <br />6. SAMPLE QUARTERLY BILLS......................................... 31 <br />7. COMPARABLE COMMUNITIES ...................................... 33 <br />8. CONCLUSIONS AND RECOMMENDATIONS ................ 34
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