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the same multi-year approach as used for past single-family rates increases. This approach <br />results in the fixed amount increase reflected in the chart below. These additional charges will <br />aid in supplementing the funding for future street reconstruction and major stormwater <br />improvements in the industrial and retail districts as they are redeveloped. <br /> <br /> <br />The proposed 2025 Stormwater quarterly rate increases by land use categories is detailed <br />below: <br /> <br /> <br /> <br />The overall annual impact of the recommended rates for a residential customer at each of the <br />five tier levels is below: <br /> <br />A survey of local municipalities 2025 utility rates is attached as Exhibit E. The Saint Anthony <br />Village 2024 utility rates are lower than many of the surrounding cities surveyed. <br />The Water/Sewer Utility fund summary budget is attached as Exhibit F. <br />Lastly, a long-range Utility revenue plan is attached as Exhibit G. The plan addressed a strategic <br />plan goal to develop long term revenue planning. The rates are being managed to begin <br />supporting capital needs of the water and sewer operations. The current plan projects that <br />support will begin in 2025 with a transfer to the Utilities Infrastructure fund. <br />Tier Level 1st -7,500 2nd -15,000 3rd -22,000 4th -30,000 5th- 37,500 <br />Distribution (1st Qrt. 2024) 37% 45% 15% 3% 1% <br />2025 Proposed 132.80 198.35 266.68 339.35 420.73 <br />2024 Actual 125.63 188.25 253.50 322.95 400.80 <br />Quarterly Increase 7.17 10.10 13.18 16.40 19.93 <br />Annual Increase 28.70 40.40 52.70 65.60 79.70 <br />20