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ITEM 3.4 2020 Utility and Sewer RatesotS T Y F O MINNESOTA g DEPARTMENT INFORMATION Request for City Council Action ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Administration City Administrator/Finance Director Flaherty February 24, 2020 PRESENTER(s) REVIEWED BY: ITEM #: Consent 3.4 STRATEGIC VISION MEETS: THE CITY OF OTSEGO: X Is a strong organization that is committed to leading the community through innovative communication. Has proactively expanded infrastructure to responsibly provide core services. Is committed to delivery of quality emergency service responsive to community needs and expectations in a cost-effective manner. Is a social community with diverse housing, service options, and employment opportunities. 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 2020. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKG RO U N D/J USTI FI CATI O N: The City has a public utility system with Water and Sanitary Sewer operations. The current system is comprised of 4,028 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 future projection cash flows include 2020 budgeted operating expenses with 2% annual inflation for 2021-2030. The cash flows also include capital expenses through 2029, and additionally include future debt issuance with corresponding debt service payments. The revenue projections in the cash flows assume inflation, rate adjustments and customer growth. When evaluating the cash flows, it is important to not only monitor the cash balances, and that they remain positive, but also the relationship between the cash balances and the cash balance reserve percentage. The cash balance reserve is determined by calculating for 30% of the next year operating budget; 100% of the next year capital budget; and 100% of the next year debt service budget. The reserve percentage is then the actual cash balance as a percentage of the cash balance reserve. The Water Utility fund (Operating #601 & WAC #360) cash balance is forecasted to be approximately $8.0 million for year-end 2019. Within the cash flows, a 3% rate increase is used throughout the projection period. As can be noted by looking at the cash flow analysis, the cash balance is projected to be positive through the remainder of the projection period. In addition to having positive cash balances, the cash balances exceed the recommended 100% cash balance reserve. It should be noted that although the 3% rate increase is currently adequate throughout the projection period; the addition of water treatment capital projects into the cash flow could have an impact on the current rate assumptions. The Sanitary Sewer Utility fund (Operating #602 & SAC #361) cash balance is forecasted to be approximately $9.4 million for year-end 2019. Within the cash flows, a sliding rate increase is used throughout the projection period. In the near -term, an 8% increase is used sliding to a 4% increase on the tail -end of the projection period. As can be noted by looking at the cash flow analysis, the cash balance is projected to be positive through the remainder of the projection period. Although cash balances are positive, the percentage falls below the recommended 100% cash balance reserve beginning in 2025. The primary reason for this is the increase in debt service payments beginning in 2025 for the West WWTF Liquids Phase 1 Expansion. City staff is closely monitoring the need to initiate this expansion project. It will be crucial to continue to closely manage financially between 2020 and 2026, when debt service payments from existing infrastructure and new infrastructure will overlap. In 2027, the debt service from the existing infrastructure will be paid off, and will provide relief to the cash flow. The City Council approved the inclusion of a third -party utility rate study within the 2020 budget. This formal rate study will help ensure that the City's rate structure is properly designed to meet the future operating, capital and debt service needs. City staff is currently accepting proposals for this service, and expects an agreement for Council approval within the next month. The goal is that the rate study will be complete in time for 2021 budget considerations. 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 2020. - Increase of 8% to Sanitary Sewer Utility rates for 2020. These rate recommendations are the same as were discussed during the 2020 budget process and are similar to rates suggested from the 2012/2013 Ehlers rate study. SUPPORTING DOCUMENTS ATTACHED: • Cash Flow Summaries • Current & Historical Rates • Monthly Bill Estimations • Resolution 2020-11 POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE ITTO APPEAR IN THE MINUTES: Motion to approve Resolution 2020-11, Establishing Water and Sanitary Sewer Utility Rates for 2020. BUDGET INFORMATION FUNDING: BUDGETED: N/A I N/A City of Otsego Water Utility Fund Cash Flow Summary tevised: February 11, 2020 Estimated Bill (15k Gallons) $ 36.16 $ 37.25 $ 38.37 $ 39.52 $ 40.70 $ 41.92 $ 43.18 $ 44.48 $ 45.81 $ 47.18 $ 48.60 $ 50.06 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% 2.00% Rate Increase (Adjustment) 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% Total Rate Increase 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% Availability Charge $ 1,781 $ 1,813 $ 1,831 $ 1,849 $ 1,868 $ 1,886 $ 1,905 $ 1,924 $ 1,943 $ 1,963 $ 1,983 $ 2,002 Connection Charge $ 1,781 $ 1,813 $ 1,831 $ 1,849 $ 1,868 $ 1,886 $ 1,905 $ 1,924 $ 1,943 $ 1,963 $ 1,983 $ 2,002 Connection Fee Inflation 2.90% 1.77% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% New Customers 300 417 189 189 189 189 189 189 189 189 189 189 Actual Forecast Budget I Projected 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Water Fund Operating $ 1,485,917 $ 1,531,708 $ 1,609,212 $ 1,690,639 $ 1,776,185 $ 1,866,060 $ 1,960,482 $ 2,059,683 $ 2,163,903 $ 2,273,396 $ 2,388,430 $ 2,509,285 Non -Operating 329,141 205,952 207,452 208,952 210,452 211,952 213,452 214,952 216,452 217,952 219,452 220,952 Transfers In - - - - - - - - - - - - Bond Proceeds - - 6,600,000 - 5,485,000 - - - - - - 24,000,000 WAC Fund Connection Fees 1,162,836 1,511,814 691,330 698,244 705,226 712,278 719,401 726,595 733,861 741,200 748,612 756,098 Special Assessments 38,558 29,677 28,757 27,838 26,918 15,915 15,324 1,360 - - - - Investment Interest (Net) - - - - - - - - - - - - Transfers In - - - - - - 255,571 320,253 - - - - Total 3,016,452 3,279,151 9,136,752 2,625,672 8,203,781 2,806,205 3,164,231 3,322,843 3,114,216 3,232,548 3,356,494 27,486,334 Expenses Personal Servcies 117,556 142,576 145,428 148,336 151,303 154,329 157,415 160,564 163,775 167,051 170,392 173,799 Supplies 273,139 266,143 271,466 276,895 282,433 288,082 293,843 299,720 305,715 311,829 318,066 324,427 Services & Other Charges 378,418 492,340 298,044 304,005 310,085 316,287 322,612 329,065 335,646 342,359 349,206 356,190 Depreciation 565,000 600,000 612,000 624,240 636,725 649,459 662,448 675,697 689,211 702,996 717,056 731,397 Capital Outlay 201,192 - - - - - - - - - - - Capital Outlay (General) - 750 - - - - - - - - - - Capital Outlay (Fleet) - 10,000 10,500 - 11,000 11,500 - 137,000 12,810 - - - Capital Outlay (Current CIP) - 2,305,788 6,470,000 460,000 6,532,500 - 120,000 70,000 97,000 1,820,000 - 24,000,000 Capital Outlay (Collection) - 755,907 345,665 349,122 352,613 356,139 359,701 363,298 366,931 370,600 374,306 378,049 Capital Outlay (R & R Plan) - 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 Debt Service (Existing) 1,974,486 1,050,858 1,055,178 1,062,198 1,070,199 865,548 824,171 823,997 - - - - Debt Service (Projected) - - 53,814 396,323 446,966 731,374 731,133 730,572 729,411 732,471 725,050 727,138 Transfers Out - General Fund 42,975 50,449 51,962 53,521 55,127 56,781 58,484 60,239 62,046 63,907 65,825 67,799 Transfers Out - Jet Vac 8,200 - - - - - - - - - - - Total 3,560,966 5,724,811 9,364,057 3,724,640 9,898,951 3,479,498 3,579,808 3,700,151 2,812,544 4,561,212 2,769,899 26,808,799 Cash Balance - Beginning 8,007,452 8,000,288 6,154,628 6,539,323 6,064,594 5,006,149 4,982,315 5,229,186 5,527,575 6,518,458 5,892,789 7,196,440 Balance Sheet Effects (27,650) Revenues 3,016,452 3,279,151 9,136,752 2,625,672 8,203,781 2,806,205 3,164,231 3,322,843 3,114,216 3,232,548 3,356,494 27,486,334 Expenditures (3,560,966) (5,724,811) (9,364,057) (3,724,640) (9,898,951) (3,479,498) (3,579,808) (3,700,151) (2,812,544) (4,561,212) (2,769,899) (26,808,799) Noncash - Depreciation 565,000 600,000 612,000 624,240 636,725 649,459 662,448 675,697 689,211 702,996 717,056 731,397 Cash Balance - Ending $ 8,000,288 $ 6,154,628 $ 6,539,323 $ 6,064,594 $ 5,006,149 $ 4,982,315 $ 5,229,186 $ 5,527,575 $ 6,518,458 $ 5,892,789 $ 7,196,440 $ 8,605,372 ;ash Balance Reserve Operating (3.5 Months of Next Year) 452,523 402,179 410,374 418,738 427,273 435,984 444,875 453,948 463,208 472,658 482,304 Capital (100% of Next Year Less Bond Projects) 3,122,445 276,165 859,122 1,461,113 417,639 529,701 620,298 526,741 2,240,600 424,306 428,049 Debt Service (100% of Next Year) 1,050,858 1,108,992 1,458,521 1,517,165 1,596,922 1,555,304 1,554,569 729,411 732,471 725,050 727,138 Total Cash Reserve Recommendation 4,625,826 1,787,336 2,728,017 3,397,016 2,441,835 2,520,989 2,619,741 1,710,099 3,436,279 1,622,014 1,637,490 Percentage of Cash Reserve on Hand 172.95% 344.35% 239.71% 178.53% 205.02% 197.63% 199.61% 323.23% 189.70% 363.30% 439.48% \Budget\2021\Cash Flows\Utility Funds Combined Wate City of Otsego Sewer Utility Fund Cash Flow Summary N tevised: February 11, 2020 Estimated Bill (5k Gallons) $ 41.99 $ 45.35 $ 48.98 $ 52.90 $ 56.60 $ 60.56 $ 64.19 $ 68.05 $ 71.45 $ 75.02 $ 78.02 $ 81.14 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% 2.00% Rate Increase (Adjustment) 6.00% 6.00% 6.00% 6.00% 5.00% 5.00% 4.00% 4.00% 3.00% 3.00% 2.00% 2.00% Total Rate Increase 8.00% 8.00% 8.00% 8.00% 7.00% 7.00% 6.00% 6.00% 5.00% 5.00% 4.00% 4.00% Availability Charge $ 2,552 $ 2,597 $ 2,623 $ 2,649 $ 2,675 $ 2,702 $ 2,729 $ 2,756 $ 2,784 $ 2,812 $ 2,840 $ 2,868 Connection Charge $ 7,656 $ 7,792 $ 7,870 $ 7,949 $ 8,028 $ 8,108 $ 8,189 $ 8,271 $ 8,354 $ 8,438 $ 8,522 $ 8,607 Connection Fee Inflation 2.90% 1.77% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% New Customers 300 417 189 189 189 189 189 189 189 189 189 189 Actual Forecast Budget I Projected 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Sanitary Sewer Fund Operating Non -Operating Transfers In Bond Proceeds SAC Fund Connection Fees Special Assessments 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 - WAC Transfers Out - Jet Vac Total $ 2,227,691 $ 8,000 2,404,052 $ 2,648,304 $ 2,917,371 $ 15,000,000 3,184,019 $ 3,475,038 $ 3,757,212 $ 27,260,000 - 4,062,297 $ 4,350,720 $ 4,659,621 $ 4,942,926 $ 5,243,456 3,714,291 4,332,213 1,981,078 2,000,902 2,020,726 2,040,928 2,061,318 2,081,898 2,102,854 2,124,000 2,145,146 2,166,480 90,214 64,183 62,233 60,283 58,333 27,024 26,029 3,395 - - - - 6,040,196 21,800,448 4,691,615 4,978,557 5,263,078 32,802,990 5,844,559 6,147,590 6,453,575 6,783,621 7,088,072 7,409,936 352,669 30 000 3 00 427,724 628,951 641,530 654,361 667,448 680,797 800,776 925,282 943,788 962,664 1,039,483 173,432 220,953 525,206 542,699 560,682 579,168 598,168 617,697 735,287 759,573 784,536 810,194 1,940,932 1,689,380 644,062 663,786 684,042 704,843 726,202 748,134 855,982 885,597 916,055 947,376 1,015,000 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 1,237,279 168,825 - - - - - - - - - - - - 2,250 - - - - - - - - - - - 1,5 - 33,000 34,500 - 411,000- - 13,428,113 45,000 - 2,500,000 25,000,000 100,000 800,000 - - - - - 1,732,885 792,431 800,361 808,291 816,371 824,527 832,759 841,142 849,600 858,058 866,592 49,500 200,000 225,000 250,000 275,000 300,000 325,000 350,000 375,000 400,000 425,000 425,000 3,510,058 1,868,192 1,875, 872 1,888,352 1,902,576 1,538,752 1,465,192 1,464,883 - - - - - 1,049,040 900,633 900,509 900,382 1,177,046 2,602,933 2,605,880 2,602,521 2,602,533 2,601,153 2,603,004 128,925 151,347 154,374 157,461 160,611 163,823 167,099 170,441 173,850 177,327 180,874 184,491 - - - - - - 255,571 320,253 - - - - 32,800 - - - - - - - - - - - 7,372,141 21,814,884 6,858,329 6,900,705 9,556,071 32,080,620 8,866,132 10,264,878 7,713,410 7,807,653 7,941,359 8,113,420 Cash Balance - Beginning 9,288,557 9,417,103 10,417,667 9,286,253 8,420,110 5,204,244 7,025,283 5,124,352 2,150,118 2,056,198 2,221,401 2,581,133 Balance Sheet Effects 445,491 Revenues 6,040,196 21,800,448 4,691,615 4,978,557 5,263,078 32,802,990 5,844,559 6,147,590 6,453,575 6,783,621 7,088,072 7,409,936 Expenditures (7,372,141) (21,814,884) (6,858,329) (6,900,705) (9,556,071) (32,080,620) (8,866,132) (10,264,878) (7,713,410) (7,807,653) (7,941,359) (8,113,420) Noncash - Depreciation 1,015,000 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 1,237,279 Cash Balance - Ending $ 9,417,103 $ 10,417,667 $ 9,286,253 $ 8,420,110 $ 5,204,244 $ 7,025,283 $ 5,124,352 $ 2,150,118 $ 2,056,198 $ 2,221,401 $ 2,581,133 $ 3,114,929 :ash Balance Reserve Operating (3.5 Months of Next Year) 1,022,118 871,469 892,933 914,907 937,402 960,432 1,015,030 1,124,759 1,153,693 1,183,335 1,230,490 1,261,933 Capital (100% of Next Year Less Bond Projects) 393,248 1,093,931 1,050,361 3,616,291 (1,109,129) 1,249,527 2,393,759 1,254,572 1,249,600 1,283,058 1,291,592 1,300,277 Debt Service (100% of Next Year) 2,917,232 2,776,505 2,788,861 2,802,958 2,715,798 4,068,125 4,070,763 2,602,521 2,602,533 2,601,153 2,603,004 2,597,429 Total Cash Reserve Recommendation 4,332,598 4,741,905 4,732,155 7,334,155 2,544,071 6,278,084 7,479,552 4,981,852 5,005,826 5,067,546 5,125,086 5,159,639 Percentage of Cash Reserve on Hand 217.35% 219.69% 196.24% 114.81% 204.56% 111.90% 68.51% 43.16% 41.08% 43.84% 50.36% 60.37% \Budget\2021\Cash Flows\Utility Funds Combined Sewe City of Otsego Public Utility Charges Monthly Bill Estimations 40 2020 Proposed 2012 2013 2014 2015 2016 2017 2018 2019 2020 Change Residential (Winter= 5,200 Gallons) Base Fee $ 8.00 $ 8.20 $ 8.41 $ 8.62 $ 8.62 $ 8.88 $ 9.06 $ 9.33 $ 9.61 Consumption: 0-10K Gallons $ 7.80 $ 8.01 $ 8.22 $ 8.42 $ 8.42 $ 8.68 $ 8.84 $ 9.10 $ 9.36 Subtotal - Water Charges $ 15.80 $ 16.21 $ 16.63 $ 17.04 $ 17.04 $ 17.56 $ 17.90 $ 18.43 $ 18.97 2.93% Base Fee $ 5.00 $ 7.88 $ 8.27 $ 8.68 $ 8.85 $ 9.12 $ 9.48 $ 10.24 $ 11.06 Consumption (5.2K Gallons) $ 26.00 $ 25.38 $ 26.68 $ 27.98 $ 28.55 $ 29.38 $ 30.58 $ 33.02 $ 35.67 Subtotal -Sanitary Sewer Charges $ 31.00 $ 33.26 $ 34.95 $ 36.66 $ 37.40 $ 38.50 $ 40.06 $ 43.26 $ 46.73 8.03% Total Monthly Estimated Bill $ 46.80 $ 49.46 $ 51.57 $ 53.70 $ 54.44 $ 56.06 $ 57.96 $ 61.69 $ 65.70 6.50% Residential (Summer=13,975 Gallons + 2,375 Irrigation Gallons) Base Fee $ 8.00 $ 8.20 $ 8.41 $ 8.62 $ 8.62 $ 8.88 $ 9.06 $ 9.33 $ 9.61 Consumption: 0-10K Gallons $ 15.00 $ 15.40 $ 15.80 $ 16.20 $ 16.20 $ 16.70 $ 17.00 $ 17.50 $ 18.00 Consumption: 10K+ Gallons $ 6.36 $ 6.52 $ 6.68 $ 6.84 $ 6.84 $ 7.04 $ 7.19 $ 7.39 $ 7.63 Consumption: Irrigation $ 3.80 $ 3.90 $ 3.99 $ 4.09 $ 4.09 $ 4.20 $ 4.30 $ 4.42 $ 4.56 Subtotal - Water Charges $ 33.16 $ 34.01 $ 34.88 $ 35.74 $ 35.74 $ 36.82 $ 37.55 $ 38.64 $ 39.80 3.00% Base Fee $ 5.00 $ 7.88 $ 8.27 $ 8.68 $ 8.85 $ 9.12 $ 9.48 $ 10.24 $ 11.06 Consumption (5.2K Gallons) $ 26.00 $ 25.38 $ 26.68 $ 27.98 $ 28.55 $ 29.38 $ 30.58 $ 33.02 $ 35.67 Subtotal -Sanitary Sewer Charges $ 31.00 $ 33.26 $ 34.95 $ 36.66 $ 37.40 $ 38.50 $ 40.06 $ 43.26 $ 46.73 8.03% Total Monthly Estimated Bill $ 64.16 $ 67.27 $ 69.82 $ 72.40 $ 73.14 $ 75.32 $ 77.61 $ 81.90 $ 86.53 5.66% City of Otsego Public Utility Charges Water Rate Comparison 2020 Actuallncreases n/a 2.50% 2.50% 2.50% 0.00% 3.00% 2.00% 3.00% Proposed 2012 2013 2014 2015 2016 2017 2018 2019 2020 Change Base Rate 5/8" Meter $ 8.00 $ 8.20 $ 8.41 $ 8.62 $ 8.62 $ 8.88 $ 9.06 $ 9.33 $ 9.61 3.00% 3/4" Meter $ 8.00 $ 8.20 $ 8.41 $ 8.62 $ 8.62 $ 8.88 $ 9.06 $ 9.33 $ 9.61 3.00% 1.00" Meter $ 8.00 $ 25.00 $ 25.63 $ 26.27 $ 26.27 $ 27.06 $ 27.60 $ 28.43 $ 29.28 2.99% 1.50" Meter $ 8.00 $ 50.00 $ 51.25 $ 52.53 $ 52.53 $ 54.10 $ 55.18 $ 56.84 $ 58.55 3.01% 2.00" Meter $ 8.00 $ 75.00 $ 76.88 $ 78.80 $ 78.80 $ 81.16 $ 82.78 $ 85.26 $ 87.82 3.00% 3.00" Meter $ 8.00 $ 150.00 $ 153.75 $ 157.59 $ 157.59 $ 162.31 $ 165.56 $ 170.53 $ 175.65 3.00% 4.00" Meter $ 8.00 $ 375.00 $ 384.38 $ 393.98 $ 393.98 $ 405.80 $ 413.92 $ 426.34 $ 439.13 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 $ 1.80 2.86% 10,000 + Gallons $ 1.60 $ 1.64 $ 1.68 $ 1.72 $ 1.72 $ 1.77 $ 1.81 $ 1.86 $ 1.92 3.23% 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 $ 1.80 2.86% 50,000 + Gallons $ 1.60 $ 1.64 $ 1.68 $ 1.72 $ 1.72 $ 1.77 $ 1.81 $ 1.86 $ 1.92 3.23% Irrigation & Bulk WaterConsumption (per 1k) All Usage $ 1.60 $ 1.64 $ 1.68 $ 1.72 $ 1.72 $ 1.77 $ 1.81 $ 1.86 $ 1.92 3.23% City of Otsego r 4\ Public Utility Charges Sanitary Sewer Rate Comparison t�1 2020 Actuallncreases n/a 5.00% 5.00% 5.00% 2.00% 3.00% 4.00% 8.00% Proposed 2012 2013 2014 2015 2016 2017 2018 2019 2020 Change Base Rate 5/8" Meter $ 5.00 $ 7.88 $ 8.27 $ 8.68 $ 8.85 $ 9.12 $ 9.48 $ 10.24 $ 11.06 8.01% 3/4" Meter $ 5.00 $ 7.88 $ 8.27 $ 8.68 $ 8.85 $ 9.12 $ 9.48 $ 10.24 $ 11.06 8.01% 1.00" Meter $ 5.00 $ 15.75 $ 16.54 $ 17.36 $ 17.71 $ 18.24 $ 18.97 $ 20.49 $ 22.13 8.00% 1.50" Meter $ 5.00 $ 39.38 $ 41.34 $ 43.41 $ 44.28 $ 45.61 $ 47.43 $ 51.22 $ 55.32 8.00% 2.00" Meter $ 5.00 $ 78.75 $ 82.69 $ 86.82 $ 88.56 $ 91.22 $ 94.87 $ 102.46 $ 110.66 8.00% 3.00" Meter $ 5.00 $ 157.50 $ 165.38 $ 173.64 $ 177.11 $ 182.42 $ 189.72 $ 204.90 $ 221.29 8.00% 4.00" Meter $ 5.00 $ 393.75 $ 413.44 $ 434.11 $ 442.79 $ 456.07 $ 474.31 $ 512.25 $ 553.23 8.00% Consumption Per 1,000 Gallons of Water Usage $ 5.00 $ 4.88 $ 5.13 $ 5.38 $ 5.49 $ 5.65 $ 5.88 $ 6.35 $ 6.86 8.03% CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2020-11 ESTABLISHING WATER & SANITARY SEWER UTILITY RATES FOR 2020 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, MINNESOTA: 1. That the following rates, fees and charged be imposed on users of the Water utility system: a. Base Charge (All Users) Meter Size 2020 Base I Charge j 5/8" $ 9.61 3/4" $ 9.61 1.00" $ 29.28 1.50" $ 58.55 2.00" $ 87.82 3.00" $ 175.65 4.00" S 439.13 b. Usage Rates (Per 1,000 Gallons of Consumption) Customer Type j { Consumption 2020 Rate Residential &City Owned 0 - 10,000 Gallons $ 1.80 Residential &City Owned 10,000+Gallons $ 1.92 Commercial, Industrial & Institutional 0 - 50,000 Gallons $ 1.80 Commercial, Industrial & Institutional 50,000+Gallons Irrigation & Bulk Water All 1 2 3 c. Bull(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. That the following rates, fees and charged be imposed on users of the Sanitary Sewer utility system: a. Base Charge (All Users) Meter Size 2020 Base I Charge 5/8" $ 11.06 3/4" $ 11.06 1.00" $ 22.13 1.50" $ 55.32 2.00" $ 110.66 3.00" $ 221.29 4.00" 5 553.23 b. Usage Rates (Per 1,000 Gallons of Average December -February Water Usage) I 2020 Customer Type j Consumption Rate All Users Al $ 6.86 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 $45.36. That the rates, fees and charges outlined in this resolution shall be effective for all billings issued on or after March 1, 2020. F) ADOPTED by the Otsego City Council this 24th day of February, 2020. MOTION BY: SECONDED BY: IN FAVOR: OPPOSED: CITY OF OTSEGO Jessica L. Stockamp, Mayor ATTEST: Tami M. Loff, City Clerk