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<br />Water Financing Plan - 2006 Update <br /> <br />. First Plan created for the purpose of financing the <br />Recycled Water Project 'TF", as recommended by <br />the Community Task Force <br />. Plan was approved by Council December 2004 <br />. Conceptual approval given for a 12% water rate <br />(revenue) increase <br />. Council Authorized first in a series of bond issues <br />. Utilities Committee work with staff on how rates <br />adjusted <br />. Increases implemented July 1, 2005 <br />. Annual updates required <br />