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REPORT 88 Page 1 To the Honorable Mayor and City Council From the City Managør June 5, 2006 Subject Water Utility Service Rates and Charges Recommendation 1. Introduce Ordinance amendíng Redwood City Code - Section 38.5 - Water Basic Service Charge; 2. Adopt a resolution amending Section 3 of the Rules and Regulations of the Redwood City Water Department (Public Works Services Department) related to water rates; Background On April 3, 2006, The City Council took the following actions: A. Opened the Public Hearing, received the staff report and presentation, heard public comments, and continue the Hearing until the Council meeting of June 5, 2006. B. Directed staff to conduct a Proposition 218 notification process to property owners. On April 17, 2006, written notices of proposed increase in water rates were mailed to all parcel property owners, together with information regarding the date, time, and location of the June 5, 2006 public hearing. During the period of April 17, to May 22,2006, five written protest letters were received, and numerous phone calls requesting information about the rate increases and to express their concerns on the hardship the rate increases impose on residents living on a fixed income, were also received. On January 23, 2006, the City Council took the following actions: A. Approved the Redwood City Water Financing Plan - 2006 Update, prepared by Bartle Wells Associates, Independent Public Finance Advisors for the purpose of financing the Recycled Water Project - Alternative 'TF', as recommended by the Community Task Force on Recycled Water; B. Conceptually approved a 12% water rate increase, and asked the City Council Utilities Committee to work with staff to recommend how rate increases could be implemented on July 1, 2006; C. Acting as the City of Redwood City Board of the Public Financing Authority, authorizing the issuance of a second series of water revenue bonds to finance the first phase of the recycled water project. This staff report is focused on item "B." above. The Water Financing Plan (first approved in January 2005) was developed for the purposes of financing the Recycled Water Project - Alternative 'TF', and guiding staff in the management of the Water Enterprise Fund. Council approval of the Financing Plan demonstrated the city's commitment to long-term, prudent fiscal policy, and enhanced the Page 1 of 4 "*". ... ...c.. 'c_,"""."".""'..'.-.'----."""-"'-'-' ...----..-..............,.-.....- .