AgdaPkt 2000-08-14 - Laserfiche WebLink

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�� • There is a preference to further consider Capital Improvement Program funds that may be available next fiscal year and to pursue grants, rather than decide now to encumber the sewer fund with long-term debt. • The long-standing proposal to change the fixed monthly service charge into a variable, use-based charge will require Utilities Committee and City Council action in the near future, as part of the adoption of the 10-year business plan. Adding new fixed costs for debt service is of concern, in that the shift in billing method would result in even higher bills to large water users. • The Committee recommends that the question of financing phases 4 and 5 of the 5�' Avenue / Bay Front Storm Drainage project be taken up again in October to December, 2000, when City revenue reports are available, and that a financing decision be reached in January 2001, ahead of the next CIP budget cycle. Alternatives In reaching their conclusions above, the Utilities Committee considered several alternatives that were developed by staff. At this time, they have determined that for the sake of the integrity of the enterprise fund and in order to create a firm financial base for implementing the 10-year business plan, the recommended action is in the City's best interest. Fiscal Impact If the Council approves the proposed changes to the sewer service charge as recommended, a Redwood City residential customer's bimonthly sewer utility bill will increase by $1.28 or 3.5%, from $36.66 to $37.94. Increases would take effect beginning August 24, 2000. See attachments for summary of fund revenues and expenditures, impacts to water/sewer bills at various levels of water use and the draft 10-year business plan. � L� Peter Ingram Ed Everett Public Works Services Director City Manager Attachments 1. Summary of Billing Impacts 2. Final Draft — Sewer Enterprise Fund 10-year Business Plan 3. Ordinance 2of2 _ __ _ _ .__.._. .. . ,..�__ T _