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October 22, 2024 St. Anthony Council Work Session - 5 <br />The plan includes assumptions regarding future City costs and MCES treatment costs. It also factors in <br />the retirement of water/sewer bonds occurring in 2024. No growth in the number of accounts or usage <br />was factored in the projection. Real growth will be noted annually through the process of updating the <br />base year results. Using these factors annual adjustments to the flat fees and usage rates adjustments <br />were determined. Staff believes the model will help guide year to year rate increases while being flexible <br />enough to keep the annual increases reasonable for utility customers. <br />Ms. Maloney requested the City Council approve the proposed rates. <br />Councilmember Jenson explained the difference between the fixed rate and the usage rate. Ms. <br />Maloney stated part of the cost is to support the infrastructure. <br />Mayor Webster noted 40% of users fall within the first tier using the least amount of water. <br />Future Work Sessions: <br />The next Work Session will be held on November 12 in the Council Chambers. <br />Future Agenda Items: <br />LCA Resolution <br />2025 Utility Rates <br />Adjournment: <br />Motion by Councilmember Doolan, seconded by Councilmember Elnagdy, to adjourn the meeting. <br />Motion carried 5-0. <br />The meeting adjourned at 6:10 p.m.