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7CC,rIcr'_rt :he Erdlneenrg Study ae C;ry _.r•cacec :he cerined putiic <br />ccurnrg -irm cf Yctc-autces=eccath s Co.. '_ C :c evaluate alternatives 'or <br />'inancrng :rare irnprcvemems recommenced by the Ccnsuiting _ngineenng Firm and <br />tp prejec: 'hater rate recuirements over a five year pencil. The Accountant's Fepert <br />orcpcsac a revenue bond issue ci S1.5 million to 5rance the improvements <br />recommenced by the C;ry's Consulting Engineer. 'hater rate increases averaging <br />a% annually would be necessary to meet sect service costs and operating expenses <br />over :he Ive year pencc fcr whlch prciec:icns were mace. <br />Present water rates of $1.10 per 1,000 gallons cf water used would not have been <br />sui;icient tc 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 S1.15 per <br />1;c00 galcns of water used. That rate will allow the Water Fund a projected net <br />income of S5,329 fcr 1994. <br />1.2 <br />0.8 <br />0.5 <br />0'1 <br />7.L <br />a <br />CITY OF MOUNDS VIEW <br />WATER RATES <br />RATE PER 1.700 GALLONS <br />M <br />1.05 <br />1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 <br />YEAR <br />