Laserfiche WebLink
Te complement the Engineering Study the City encased the certified public <br /> • accounting firm cf Veto Taut es Redpath & Co., LTD to evaluate alternatives for <br /> financing the improvements recommended by the Consulting Engineering Firm and <br /> to project water rate requirements over a five year period. The Accountant's Report <br /> proposed a revenue bond issue of $1.5 million to finance the improvements <br /> recommended by the City's Consulting Engineer. Water rate increases averaging <br /> 6% annually would be necessary to meet debt service costs and operating expenses <br /> over the five year period for which projections were made. <br /> Present water rates of $1.10 per 1,000 gallons of water used would not have been <br /> sufficient to pay for increased operations costs and debt service in 1993. The Utility <br /> Study mentioned above recommends that the 1994 water rate be set at $1.15 per <br /> 1,000 gallons of water used. That rate will allow the Water Fund a projected net <br /> income of $5,328 for 1994. <br /> CITY OF MOUNDS VIEW <br /> WATER RATES <br /> RATE PER 1,000 GALLONS <br /> 1 .1� <br /> 1.21 .05/ <br /> r/I 1 .1 / <br /> 411/ iI <br /> °.95/0.9 <br /> K <br /> v<`, <br /> 0.75 0:75 0.75/ /j: ._ <br /> 0.6 i• • • • ` J.r. �: k,•� <br /> I <br /> 0.4 • <br /> i <br /> • <br /> 0.2 <br /> • <br /> i. , . t..••' 'Jai; �',• , � l�-<'�'� �a T.•a•' < <br /> 0 <br /> 1985 1986 1.987 . 1988 1989 1990 1991 1992 1993 1994 <br /> YEAR <br /> • <br /> 410 <br />