Loading...
ITEM 3.6 Utility RatesOtSeTY go F MINNESOTA DEPARTMENT INFORMATION Request for City Council Action ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Administration City Administrator/Finance Director Flaherty February 11, 2019 PRESENTER(s) REVIEWED BY: ITEM #: Consent 3.6 STRATEGIC VISION MEETS: I THE CITY OF OTSEGO: X Is a strong organization that is committed to leading the community through innovative communication. IS A PUBLIC HEARING REQUIRED? Has proactively expanded infrastructure to responsibly provide core services. No Is committed to delivery of quality emergency service responsive to community needs and expectations in a cost-effective manner. The City has a public utility system with Water and Sanitary Sewer operations. The current system is Is a social community with diverse housing, service options, and employment opportunities. receive monthly utility bills for usage of the water and sanitary sewer utility system. The monthly charges Is a distinctive, connected community known for its beauty and natural surroundings. AGENDA ITEM DETAILS RECOMMENDATION: City staff is recommending that the City Council approve a resolution establishing water & sanitary sewer utility rates for 2019. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: The City has a public utility system with Water and Sanitary Sewer operations. The current system is comprised of 3,639 customers who include both residential and commercial accounts. Those customers receive monthly utility bills for usage of the water and sanitary sewer utility system. The monthly charges include both a base fee, and a consumption fee which is calculated on their actual usage of the system. The utility rates for the water and sanitary sewer systems are analyzed by the Finance Director on an annual basis. This analysis includes: reviews of budget -to -actuals, preparation of the operating budget, preparation of the capital improvement plan, and future projections. The Water Utility fund (Operating #601 & WAC #360) cash balance is forecasted to be approximately $7.5 million for year-end 2018. The cash flow includes 2019 budgeted operating expenses with 2% annual inflation for 2020-2028. The revenue projections in the cash flow chart assume inflation, rate adjustments and customer growth, with 3% rate increases throughout. The cash flow also includes capital expenses through 2028, totaling more than $19 million. As can be noted by looking at the cash flow analysis, the cash balance is projected to be a deficit beginning in 2022 through the remainder of the projection period. This deficit cash balance is the result of the significant capital expenses, but no corresponding debt issuance. The City is currently engaged in the development of a Water Master Plan, which will aid in refining the required projects and their respective timing and costs. Having this information will allow the cash flow to include debt issuance for specific capital projects which will alleviate the deficit cash balance, but will result in future debt service payments, which are not included in the cash flow at this time. The Sanitary Sewer Utility fund (Operating #602 & SAC #361) cash balance is forecasted to be approximately $8.9 million for year-end 2018. The cash flow includes 2019 budgeted operating expenses with 2% annual inflation for 2020-2028. The cash flow also includes capital expenses through 2028, totaling more than $50 million. The cash flow also includes debt issuance in 2020 (East WWTF Biosolids) and 2024 (West WWTF Expansion), as well as the respective annual debt service payments. The revenue projections in the cash flow chart assume inflation, rate adjustments and customer growth, with 8% rate increases throughout. The projected rate increases are significant, with the estimated bill for an average residential customer doubling during the projection period. The rate increases are based upon the significant capital costs and corresponding debt service payments. The most crucial time period to manage financially will be between 2020 and 2027, when debt service payments from existing infrastructure and new infrastructure will overlap. In 2028, the debt service from the existing infrastructure will be paid off, and will provide relief to the cash flow. There are opportunities to refinance or prepay existing debt service to achieve interest savings, which will be carefully analyzed in 2019 and will be brought to the Council for further review and discussion. Of course, things are subject to change, and that is why it is important we look at these projections on an annual basis and determine if rate changes are necessary. Based on the information provided, the Finance Director would propose the following: - Increase of 3% to Water Utility rates for 2019. - Increase of 8% to Sanitary Sewer Utility rates for 2019. These rate recommendations are the same as were discussed during the 2019 budget process. Lastly, City staff will be recommending a third -party utility rate study be included within the 2020 budget. The last formal rate study was conducted in 2012 by Ehlers. This timing will correspond with the completion of both the Water and Wastewater Master Plans, as well as the issuance of debt in 2020 for the East WWTF Biosolids Facility project. SUPPORTING DOCUMENTS ATTACHED: • Cash Flow Summaries • Current & Historical Rates • Monthly Bill Estimations • Resolution 2019-07 POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES: Motion to approve Resolution 2019-07, Establishing Water and Sanitary Sewer Utility Rates for 2019. BUDGET INFORMATION FUNDING: BUDGETED: N/A N/A City of Otsego Water Utility Fund Cash Flow Summary r Revised: January 30, 2019 Estimated Bill (15k Gallons) $ 35.11 $ 36.16 $ 37.25 $ 38.37 $ 39.52 $ 40.70 $ 41.92 $ 43.18 $ 44.48 $ 45.81 $ 47.18 Rate Increase (Inflation) 3,681,784 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% Rate Increase (Adjustment) 270,645 0.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% Total Rate Increase 636,282 2.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% Availability Charge $ 1,731 $ 1,781 $ 1,799 $ 1,817 $ 1,835 $ 1,854 $ 1,872 $ 1,891 $ 1,910 $ 1,929 $ 1,948 Connection Charge $ 1,731 $ 1,781 $ 1,799 $ 1,817 $ 1,835 $ 1,854 $ 1,872 $ 1,891 $ 1,910 $ 1,929 $ 1,948 Connection Fee Inflation 1,545,000 4.10% 2.90% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% New Customers 229,375 300 300 297 200 267 150 150 150 150 150 150 50,000 50,000 Estimated Budget I 50,000 50,000 1,104,051 1,087,024 Projected 1,098,238 1,105,258 1,113,259 959,008 917,415 916,386 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Water Fund Operating Non -Operating Transfers In Bond Proceeds WAC Fund Connection Fees Transfers In Investment Interest Total Expenses Personal Servcies Supplies Services & Other Charges Depreciation Capital Outlay Capital Outlay (General) Capital Outlay (Fleet) Capital Outlay (Current CIP) Capital Outlay (Collection) Capital Outlay (R & R Plan) Debt Service (Existing) Debt Service (Projected) Transfers Out - General Fund Transfers Out -Jet Vac Total Cash Balance - Beginning Balance Sheet Effects Revenues Expenditures Noncash - Depreciation Cash Balance - Ending $ 1,494,972 $ 1,497,436 $ 1,676,453 $ 1,863,481 $ 238,781 164,968 166,468 167,968 2,014,226 $ 2,205,062 $ 2,346,676 $ 2,494,801 $ 2,649,703 $ 2,811,653 $ 2,980,935 169,468 170,968 172,468 173,968 175,468 176,968 178,468 Comments Assumes Inflation, Rate Adjustments & Customer Growth Assumes Inflation 959,894 445,250 449,750 454,250 458,750 463,250 468,000 472,750 477,500 482,250 487,000 Assumes Rate Adjustments - - - - - - 46,854 361,645 379,113 381,750 - Assumes Subsidy from Sewer for Defict WAC 134,950 137,649 140,402 3,852,621 3,646,403 2,693,647 2,107,654 2,292,671 2,485,699 2,642,444 2,839,280 3,033,998 3,503,164 3,681,784 108,648 117,482 119,832 122,228 124,673 127,166 129,710 132,304 134,950 137,649 140,402 252,414 229,189 233,773 238,448 243,217 248,082 253,043 258,104 263,266 268,531 273,902 270,713 475,537 255,035 260,135 265,338 270,645 276,058 281,579 287,210 292,955 298,814 535,000 565,000 576,300 587,826 599,583 611,574 623,806 636,282 649,007 661,988 675,227 46,407 - - - Debt Service (100% of Next Year) - - - - - - - 116,600 - - - - 2,614,169 - - - 3,606,127 - - 11,750 11,750 - 8,750 - 100,000 12,000 12,810 - 505,371 1,100,000 1,545,000 4,450,000 3,080,000 2,000,000 1,770,000 1,100,000 3,000,000 97,000 1,820,000 - - 224,875 227,125 229,375 231,625 234,000 236,375 238,750 241,125 243,500 - 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 1,104,051 1,087,024 1,096,456 1,098,238 1,105,258 1,113,259 959,008 917,415 916,386 899,640 - 39,960 42,975 44,264 45,592 46,960 48,369 49,820 51,314 52,854 54,439 56,073 9,600 8,200 - - - - - - - - - 2,872,164 3,792,007 4,157,284 7,091,343 5,744,404 4,709,470 4,345,444 3,763,373 5,604,424 2,716,137 3,557,918 7,211,538 7,568,021 6,448,668 5,160,354 1,142,537 (1,359,841) (2,618,456) (3,306,097) (2,930,024) (4,203,656) (2,405,185) 2019 Budget -Then 2% Inflation 2019 Budget - Then 2% Inflation 2019 Budget (Engineering Reduced) - Then 2% Inflation 2019 Budget - Then 2% Inflation 2019-2028 CIP (ALLOCATED 25%) 2019-2028 CIP Assumed at 50% of WAC Revenue (Pending Master Plan) Pending Result of Master Plan Based on Existing Bond Issues Pending Result of Master Plan General Fund - Administrative Functions (Inflates 3%) Transfer to Debt Fund 399 -Jet Vac (80%) 2,693,647 2,107,654 2,292,671 2,485,699 2,642,444 2,839,280 3,033,998 3,503,164 3,681,784 3,852,621 3,646,403 (2,872,164) (3,792,007) (4,157,284) (7,091,343) (5,744,404) (4,709,470) (4,345,444) (3,763,373) (5,604,424) (2,716,137) (3,557,918) 535,000 565,000 576,300 587,826 599,583 611,574 623,806 636,282 649,007 661,988 675,227 $ 7,568,021 $ 6,448,668 $ 5,160,354 $ 1,142,537 $ (1,359,841) $ (2,618,456) $ (3,306,097) $ (2,930,024) $ (4,203,656) $ (2,405,185) $ (1,641,472) Pending Master Plan - Need to Plan for Debt Issuance X:\Budget\2020\Cash Flows\Utility Funds Combined Water Cash Balance Reserve Operating (3.5 Months of Next Year) 252,345 190,430 194,368 198,388 202,493 206,684 210,963 215,332 219,793 224,347 228,998 Capital (100% of Next Year Less Bond Projects) 1,266,600 1,831,625 4,738,875 3,359,375 2,290,375 2,054,000 1,486,375 3,300,750 400,935 2,113,500 295,875 Debt Service (100% of Next Year) 1,095,224 1,096,456 1,098,238 1,105,258 1,113,259 959,008 917,415 916,386 899,640 - - Total Cash Reserve Recommendation 2,614,169 3,118,511 6,031,481 4,663,021 3,606,127 3,219,692 2,614,753 4,432,468 1,520,368 2,337,847 524,873 Percentage of Cash Reserve on Hand 289.50% 206.79% 85.56% 24.50% -37.71% -81.33% -126.44% -66.10% -276.49% -102.88% -312.74% X:\Budget\2020\Cash Flows\Utility Funds Combined Water City of Otsego Sewer Utility Fund Cash Flow Summary y Revised: January 30, 2019 Estimated Bill (5k Gallons) $ 38.88 $ 41.99 $ 45.35 $ 48.98 $ 52.90 $ 57.13 $ 61.70 $ 66.63 $ 71.96 $ 77.72 $ 83.94 Rate Increase (Inflation) 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% Rate Increase (Adjustment) 2.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% Total Rate Increase 4.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00 Connection Fee Inflation 4.10% 2.90% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% New Customers 300 300 297 200 267 150 150 150 150 150 150 Capital Outlay (Fleet) Estimated Budget 35,250 35,250 - 26,250 Projected 300,000 36,000 38,430 - Capital Outlay (Current CIP) 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Sanitary Sewer Fund - 1,515,840 1,001,920 1,001,920 1,337,563 751,440 758,954 766,544 774,209 781,951 789,771 Operating $ 1,910,372 $ 2,214,367 $ 2,554,775 $ 2,933,713 $ 3,295,360 $ 3,742,026 $ 4,152,444 $ 4,604,579 $ 5,102,481 $ 5,650,578 $ 6,253,715 Non -Operating 11,483 - - - - - - - - - - Transfers In - - - 906,378 906,530 905,828 - - 2,910,225 2,909,273 - Bond Proceeds - - 13,340,000 - - - 27,260,000 - - - - SAC Fund - - - - - - 46,854 361,645 379,113 381,750 - Connection Fees 2,952,648 3,031,681 2,003,840 2,003,840 2,675,126 1,502,880 1,517,909 1,533,088 1,548,419 1,563,903 1,579,542 Investment Interest - - - - - - 32,542,274 - - - - Total 4,874,503 5,246,048 17,898,615 4,937,553 5,970,487 5,244,906 32,930,352 6,137,667 6,650,900 7,214,481 7,833,256 Expenses Personal Servcies 325,944 352,448 359,497 559,360 570,547 581,958 593,597 605,469 723,942 846,911 863,849 Supplies 154,135 169,254 174,492 477,816 497,256 512,866 528,900 545,371 562,289 677,186 698,341 Services & Other Charges 583,941 1,664,547 524,008 617,684 639,716 658,056 676,873 696,181 715,990 821,642 848,003 Depreciation 995,000 1,015,000 1,035,300 1,056,006 1,077,126 1,098, 669 1,120, 642 1,143,055 1,165,916 1,189, 234 1,213,019 Capital Outlay 172,643 - - 1,056,006 - - - - - - - Capital Outlay (General) - 53,000 - - 6,492,555 $ - 6,391,105 $ - - - 1,472,335 Capital Outlay (Fleet) - - 35,250 35,250 - 26,250 - 300,000 36,000 38,430 - Capital Outlay (Current CIP) .443,912 234,933 12,228,000 45,000 1,000,000 1,000,000 25,260,000 100,000 800,000 - - Capital Outlay (Collection) - 1,515,840 1,001,920 1,001,920 1,337,563 751,440 758,954 766,544 774,209 781,951 789,771 Capital Outlay (R & R Plan) 1,965,286 280,000 250,000 250,000 300,000 300,000 325,000 350,000 375,000 400,000 425,000 Debt Service (Existing) 1,925,504 1,932,486 1,949,254 1,952,422 1,964,902 1,979,126 1,704,902 1,630,958 1,629,129 1,599,360 - Debt Service (Projected) - - 195,529 906,378 906,530 905,828 1,384,207 2,907,761 2,910,225 2,909,273 2,905,365 Transfers Out - General Fund 119,880 128,925 131,504 134,134 136,816 139,553 142,344 145,190 148,094 151,056 154,077 Transfers Out - WAC - - - - - - 46,854 361,645 379,113 381,750 - TransfersOut-JetVac 38,400 32,800 - - - - - - - - - Total 4,759,359 7,379,233 17,884,754 7,035,969 8,430,457 7,953,744 32,542,274 9,552,174 10,219,907 9,796,793 7,897,425 Cash Balance - Beginning 7,876,688 8,986,832 7,868,647 8,917,808 7,875,399 6,492,555 4,882,385 6,391,105 4,119,653 1,716,562 323,484 Balance Sheet Effects Revenues 4,874,503 5,246,048 17,898,615 4,937,553 5,970,487 5,244,906 32,930,352 6,137,667 6,650,900 7,214,481 7,833,256 Expenditures (4,759,359) (7,379,233) (17,884,754) (7,035,969) (8,430,457) (7,953,744) (32,542,274) (9,552,174) (10,219,907) (9,796,793) (7,897,425) Noncash - Depreciation 995,000 1,015,000 1,035,300 1,056,006 1,077,126 1,098,669 1,120,642 1,143,055 1,165,916 1,189,234 1,213,019 Cash Balance - Ending $ 8,986,832 $ 7,868,647 $ 8,917,808 $ 7,875,399 $ 6,492,555 $ 4,882,385 $ 6,391,105 $ 4,119,653 $ 1,716,562 $ 323,484 $ 1,472,335 Cash Balance Reserve Operating (3.5 Months of Next Year) 675,259 346,938 521,790 537,931 551,959 566,333 581,062 627,175 728,232 747,912 768,088 Capital (100% of Next Year Less Bond Projects) 2,083,773 1,287,170 1,332,170 2,637,563 2,077,690 1,083,954 1,516,544 1,985,209 1,220,381 1,214,771 1,222,669 Debt Service (100% of Next Year) 1,965,286 2,144,783 2,858,800 2,871,432 2,884,954 3,089,109 4,538,719 4,539,354 4,508,633 2,905,365 2,903,484 Total Cash Reserve Recommendation 4,724,319 3,778,891 4,712,760 6,046,926 5,514,603 4,739,397 6,636,325 7,151,739 6,457,246 4,868,048 4,894,241 Percentage of Cash Reserve on Hand 190.22% 208.23% 189.23% 130.24% 117.73% 103.02% 96.30% 57.60% 26.58% 6.65% 30.08% Comments Assumes Inflation, Rate Adjustments & Customer Growth Assumes Rate Adjustments 2019 Budget -Then 2% Inflation 2019 Budget -Then 2% Inflation 2019 Budget (Engineering Reduced) - Then 2% Inflation 2019 Budget - Then 2% Inflation See Fleet CIP (Allocated 75%) See DRAFT 2019-2028 CIP Assumed at 50% of SAC Revenue Based on Master Plan Based on Existing Bond Issues Based on Projected Bond Issues General Fund - Administrative Functions (Inflates 3%) Assumes Subsidy from Sewer for Defict WAC Transfer to Debt Fund 399 - Jet Vac (80%) X:\Budget\2020\Cash Flows\Utility Funds Combined Sewer City of Otsego Public Utility Charges Water Rate Comparison 2019 Actuallncreases n/a 2.50% 2.50% 2.50% 0.00% 3.00% 2.00% Proposed 2012 2013 2014 2015 2016 2017 2018 2019 Change Base Rate 5/8" Meter $ 8.00 $ 8.20 $ 8.41 $ 8.62 $ 8.62 $ 8.88 $ 9.06 $ 9.33 2.98% 3/4" Meter $ 8.00 $ 8.20 $ 8.41 $ 8.62 $ 8.62 $ 8.88 $ 9.06 $ 9.33 2.98% 1.00" Meter $ 8.00 $ 25.00 $ 25.63 $ 26.27 $ 26.27 $ 27.06 $ 27.60 $ 28.43 3.01% 1.50" Meter $ 8.00 $ 50.00 $ 51.25 $ 52.53 $ 52.53 $ 54.10 $ 55.18 $ 56.84 3.01% 2.00" Meter $ 8.00 $ 75.00 $ 76.88 $ 78.80 $ 78.80 $ 81.16 $ 82.78 $ 85.26 3.00% 3.00" Meter $ 8.00 $ 150.00 $ 153.75 $ 157.59 $ 157.59 $ 162.31 $ 165.56 $ 170.53 3.00% 4.00" Meter $ 8.00 $ 375.00 $ 384.38 $ 393.98 $ 393.98 $ 405.80 $ 413.92 $ 426.34 3.00% Residential & City Owned Consumption (per 1k) 0 - 10,000 Gallons $ 1.50 $ 1.54 $ 1.58 $ 1.62 $ 1.62 $ 1.67 $ 1.70 $ 1.75 2.94% 10,000 + Gallons $ 1.60 $ 1.64 $ 1.68 $ 1.72 $ 1.72 $ 1.77 $ 1.81 $ 1.86 2.76% Commercial, Industrial & Institutional Consumption (per 1k) 0 - 50,000 Gallons $ 1.50 $ 1.54 $ 1.58 $ 1.62 $ 1.62 $ 1.67 $ 1.70 $ 1.75 2.94% 50,000 + Gallons $ 1.60 $ 1.64 $ 1.68 $ 1.72 $ 1.72 $ 1.77 $ 1.81 $ 1.86 2.76% Irrigation & Bulk WaterConsumption (per 1k) All Usage $ 1.60 $ 1.64 $ 1.68 $ 1.72 $ 1.72 $ 1.77 $ 1.81 $ 1.86 2.76% City of Otsego Public Utility Charges Sanitary Sewer Rate Comparison 2019 ;a Actuallncreases n/a 2012 Base Rate 5/8" Meter 3/4" Meter 1.00" Meter 1.50" Meter 2.00" Meter 3.00" Meter 4.00" Meter Consumption Per 1,000 Gallons of Water Usage 5.00% 5.00% 5.00% 2.00% 3.00% 4.00% 2013 2014 2015 2016 2017 2018 2019 $ 5.00 $ 7.88 $ 8.27 $ 8.68 $ 8.85 $ 9.12 $ 9.48 $ 10.24 $ 5.00 $ 7.88 $ 8.27 $ 8.68 $ 8.85 $ 9.12 $ 9.48 $ 10.24 $ 5.00 $ 15.75 $ 16.54 $ 17.36 $ 17.71 $ 18.24 $ 18.97 $ 20.49 $ 5.00 $ 39.38 $ 41.34 $ 43.41 $ 44.28 $ 45.61 $ 47.43 $ 51.22 $ 5.00 $ 78.75 $ 82.69 $ 86.82 $ 88.56 $ 91.22 $ 94.87 $ 102.46 $ 5.00 $ 157.50 $ 165.38 $ 173.64 $ 177.11 $ 182.42 $ 189.72 $ 204.90 $ 5.00 $ 393.75 $ 413.44 $ 434.11 $ 442.79 $ 456.07 $ 474.31 $ 512.25 $ 5.00 $ 4.88 $ 5.13 $ 5.38 $ 5.49 $ 5.65 $ 5.88 $ 6.35 Proposed Change 8.02% 8.02% 8.01% 7.99% 8.00% 8.00% 8.00% 7.99% City of Otsego Public Utility Charges Monthly Bill Estimations 2019 Residential (Summer = 17,500 Gallons + 4,000 Irrigation Gallons) Base Fee $ 8.00 $ 8.20 $ 8.41 $ 8.62 $ 8.62 $ 8.88 $ 9.06 $ 9.33 Proposed $ 15.00 2012 15.40 2013 15.80 2014 16.20 2015 16.20 2016 16.70 2017 17.00 2018 17.50 2019 Change Residential (Winter = 5,000 Gallons) $ 12.30 $ 12.60 $ 12.90 $ 12.90 $ 13.28 $ 13.58 $ 13.95 Consumption: Irrigation $ 6.40 Base Fee $ 8.00 $ 8.20 $ 8.41 $ 8.62 $ 8.62 $ 8.88 $ 9.06 $ 9.33 $ Consumption: 0-10K Gallons $ 7.50 $ 7.70 $ 7.90 $ 8.10 $ 8.10 $ 8.35 $ 8.50 $ 8.75 7.88 Subtotal - Water Charges $ 15.50 $ 15.90 $ 16.31 $ 16.72 $ 16.72 $ 17.23 $ 17.56 $ 18.08 2.96% Base Fee $ 5.00 $ 7.88 $ 8.27 $ 8.68 $ 8.85 $ 9.12 $ 9.48 $ 10.24 33.92 Consumption (5K Gallons) $ 25.00 $ 24.40 $ 25.65 $ 26.90 $ 27.45 $ 28.25 $ 29.40 $ 31.75 $ Subtotal - Sanitary Sewer Charges $ 30.00 $ 32.28 $ 33.92 $ 35.58 $ 36.30 $ 37.37 $ 38.88 $ 41.99 8.00% Total Monthly Estimated Bill $ 45.50 $ 48.18 $ 50.23 $ 52.30 $ 53.02 $ 54.60 $ 56.44 $ 60.07 6.43% Residential (Summer = 17,500 Gallons + 4,000 Irrigation Gallons) Base Fee $ 8.00 $ 8.20 $ 8.41 $ 8.62 $ 8.62 $ 8.88 $ 9.06 $ 9.33 Consumption: 0-10K Gallons $ 15.00 $ 15.40 $ 15.80 $ 16.20 $ 16.20 $ 16.70 $ 17.00 $ 17.50 Consumption: 10K+ Gallons $ 12.00 $ 12.30 $ 12.60 $ 12.90 $ 12.90 $ 13.28 $ 13.58 $ 13.95 Consumption: Irrigation $ 6.40 $ 6.56 $ 6.72 $ 6.88 $ 6.88 $ 7.08 $ 7.24 $ 7.44 Subtotal - Water Charges $ 41.40 $ 42.46 $ 43.53 $ 44.60 $ 44.60 $ 45.94 $ 46.88 $ 48.22 2.87% Base Fee $ 5.00 $ 7.88 $ 8.27 $ 8.68 $ 8.85 $ 9.12 $ 9.48 $ 10.24 Consumption (5K Gallons) $ 25.00 $ 24.40 $ 25.65 $ 26.90 $ 27.45 $ 28.25 $ 29.40 $ 31.75 Subtotal - Sanitary Sewer Charges $ 30.00 $ 32.28 $ 33.92 $ 35.58 $ 36.30 $ 37.37 $ 38.88 $ 41.99 8.00% Total Monthly Estimated Bill $ 71.40 $ 74.74 $ 77.45 $ 80.18 $ 80.90 $ 83.31 $ 85.76 $ 90.21 5.20% CITY OF OTSEGO COUNTY OF WRIGHT STATE OF NIINNESOTA RESOLUTION NO: 2019-07 ESTABLISHING WATER & SANITARY SEWER UTILITY RATES FOR 2019 WHEREAS, Otsego City Code Chapter 7; Section 2 outlines that in order to pay for the costs associated with Water and Sanitary Sewer utility systems, that a just and equitable charge will be imposed upon users of those systems; and WHEREAS, the Otsego City Council has identified and reviewed the operating, capital and debt service requirements of the Water and Sanitary Sewer utility systems. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MMNESOTA: That the following rates, fees and charged be imposed on users of the Water utility system: a. Base Charge (All Users) -_ ---- Meter Size 2019 Base Charge j 5/8" $ 9.33 3/4" $ 9.33 1.00" $ 28.43 1.50" $ 56.84 2.00" $ 85.26 3.00" $ 170.53 4.00" $ 426.34 b. Usage Rates (Per 1,000 Gallons of Consumption) Customer Consumption 2019 Rate Residential & City Owned 0 - 10,000 Gallons $ 1.75 Residential & Cit Owned 10,000+ Gallons $ 1.86 Conunercial, Industrial & Institutional 0 - 50,000 Gallons $ 1.75 Commercial, Industrial & Institutional 50,000+ Gallons $ 1.86 Irrigation & Bulk Water All $ 1.86 c. Bulk Water In order to access bulk water from the system, a meter rental from the City is required. There is a $200.00 deposit required for that meter. The rental fee for that meter is a minimum of $50.00, which includes the first month, with each additional month being charged at $50.00. The consumption tracked by the meter will be billed at the rates identified in paragraph 1(b) of this resolution. The local sales tax rate of 7.375% will also apply to the entire bulk water rental and consumption charge incurred. 2. That the following rates, fees and charged be imposed on users of the Sanitary Sewer utility system: a. Base Charge (All Users) T� Meter Size 2019 Base Charge 5/8" $ 10.24 3/4" $ 10.24 1.00" $ 20.49 1.50" $ 51.22 2.00" $ 102.46 3.00" $ 204.90 4.00" $ 512.25 b. Usage Rates (Per 1,000 Gallons of Average December -February Water Usage) 2019 Customer Type Consumption Rate All Users All $ 6.35 c. Minimum Charges These charges come into effect for new accounts where there is less than three months of usage history to base the average off of. This minimum monthly charge is $41.99. That the rates, fees and charges outlined in this resolution shall be effective for all billings issued on or after March 1, 2019. ADOPTED by the Otsego City Council this 11th day of February, 2019. N, ATTEST: CITY OF OTSEGO Jessica Stockamp, Mayor Tami Loff, City Clerk MOTION made by Council Member and SECONDED by Council Member IN FAVOR: OPPOSED: