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CITY COUNCIL <br />AGENDA ITEM 1F <br /> <br /> <br />STAFF ORIGINATOR: Hannah Lynch , Finance Director <br /> <br />MEETING DATE: May 10, 2021 <br /> <br />TOPIC: Acceptance of the Water and Sewer Utility Rate Study <br /> <br />VOTE REQUIRED: 3/5 <br /> <br /> <br />BACKGROUND <br /> <br />On February 22, 2021, the City Council approved Baker Tilly to complete a Utility Rate Study. <br />The study includes the Water Operating, Sewer Operating, and Area and Unit Charge funds. <br />Over the last two months Baker Tilly has worked with City staff to evaluate past performance <br />of the funds and to recommend rates to cover operations & maintenance, debt service, and <br />capital improvements. Rate recommendations were given for the next five years while the fund <br />financial projections are shown over the next ten years. Actual performance of each fund will <br />be evaluated on an annual basis during the budget process. <br /> <br />On May 3, 2021, Patty Kettles, Director at Baker Tilly, presented the study at the City Council <br />Work Session. Rate recommendations were given both with and without the consideration of <br />constructing a water treatment plant in 2023. Council has time to consider these <br />recommendations in advance of setting 2022 utility rates. <br /> <br />RECOMMENDATION <br /> <br />Consider Acceptance of the Water and Sewer Utility Rate Study. <br /> <br />ATTACHMENTS <br /> <br />Water and Sewer Utility Rate Study