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�} 1889 7.A. - Page 16 <br /> ) <br /> BARTLE WELLS ASSOCIATES Berkeley, CA 94703 <br /> INDEPENDENT PUBLIC FINANCE ADVISORS 510 653 3399 fax: 510 653 3769 <br /> www.bartlewells.com <br /> April 29, 2016 <br /> City of Redwood City <br /> Public Works Services Department <br /> 1400 Broadway Street <br /> Redwood City, CA 94063 <br /> Re: Water & Sewer Financial Plans & Rate Studies <br /> Bartle Wells Associates is pleased to submit the attached Water & Sewer Rate Studies. The <br /> studies develop long-term financial projections for the City's water and sewer utilities, and <br /> calculate new water and sewer rates designed to equitably recover the costs of providing <br /> service. The recommended rates are designed to meet the City's funding needs, comply with <br /> legal requirements, and be fair to all customers. <br /> The proposed rates incorporate both overall rate increases as well as some modifications to the <br /> water and sewer rate structures designed to improve rate equity and align rates with the cost <br /> of providing service. Rate increases are phased in over three years to minimize the annual <br /> impact on customers. <br /> We enjoyed working with the City on this assignment and appreciate the assistance and input <br /> received from the City throughout the project. Final recommendations were developed with <br /> input from the City's project team as well as the City Council's Utilities Committee. Please <br /> contact us anytime if you have questions about the recommendations in this report or other <br /> issues regarding utility rates and finances. <br /> Sincerely, <br /> BARTLE WELLS ASSOCIATES <br /> I <br /> ae44 ,/%141.-re <br /> '. <br /> J <br /> Alex T. Handlers, CIPMA Catherine Tseng, CIPMA <br /> Principal/Vice-President Senior Financial Analyst <br />