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HomeMy WebLinkAbout05 PUBLIC HEARING FOR NEW WATER RATES• AGENDA F,EPORT Reviewed. m 5 City Manager Finance Director MEETING DATE: APRIL 20, 2010 TO: WILLIAM A. HUSTON, CITY MANAGER FROM: DOUGLAS S. STACK, DIRECTOR OF PUBLIC WORKS/CITY ENGINEER PAMELA ARENDS-KING, FINANCE DIRECTOR SUBJECT: SET A PUBLIC HEARING FOR JUNE 15, 2010 PURSUANT TO THE REQUIREMENTS OF PROPOSITION 218 TO CONSIDER THE ESTABLISHMENT OF NEW WATER RATES SUMMARY Staff has developed a new water rate structure to meet ongoing operation, maintenance, and long term capital facility improvements and is requesting the City Council to set a public hearing for June 15, 2010 at 7:00 pm to consider the new water rates. RECOMMENDATION It is recommended that the City Council set a public hearing for June 15, 2010 at 7:00 pm and approve the mailing of the public hearing notice. FISCAL IMPACT Adequate funds are budgeted in the Water Operating Budget to mail the public notices. The proposed rates are intended to generate the necessary revenue for operations, maintenance, and long term capital infrastructure improvements. These funds are separate from the General Fund. DISCUSSION A new water rate structure has been developed by staff to ensure all ongoing water fund obligations and capital improvement for water supply, system redundancy and reliability, are properly funded. Proposition 218 requires that the City conduct a public protest hearing to consider the new water rates and provide a notice to all property owners at least 45 days prior to the hearing date. Staff will prepare a notice that includes the proposed rate, reasons for the rate increase, information on the public hearing and instructions for those who wish to protest the rate increase. la S. Stack, P.E. Pamela Arends-King -~ it c r of Public Works/City Engineer Finance Director