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<br />Water Rate Increases <br /> <br />8e <br />Page 46 <br /> <br />Historical Rates Increases. The City's most recent rate increase took effect in August, <br />2006. The City's practice since 1993 has been to adjust rates and service charges annually, at <br />the beginning of the City's fiscal year, based on changes in the wholesale rates paid under the <br />Master Water Sale Contract and approved Enterprise budgets. The table below sets forth <br />historical water rate increases since Fiscal Year 1998-99. <br /> <br />Table 9 <br />Historic Water Rate Increases <br /> <br />Fiscal Year <br />1998-99 <br />1999-00 <br />2000-01 <br />2001-02 <br />2002-03 <br />2003-04 <br />2004-05 <br />2005-06 <br />2006-07 <br /> <br />Rate Increase <br />1.4% <br />2.0 <br />2.0 <br />1.8 <br />1.4 <br />9.9 <br />3.4 <br />12.0 <br />12.0 <br /> <br />Source; City of Redwood City - Public Works Services Department. <br /> <br />Proposed Rate Increases. The following table sets forth projected water rate increases <br />of the Enterprise. The projected rates reflect projected San Francisco wholesale water rate <br />increases (see Table 3), the projected costs of financing of the Project, and the implementation <br />of the water conservation program described above. <br /> <br />Table 10 <br />Proposed Water Rate Increases <br /> <br />Fiscal Year <br /> <br />2007-08 <br />2008-09 <br />2009-10 <br />2010-11 <br />2011-12 <br /> <br />Proposed Rate <br />Increase <br /> <br />10 <br />8 <br />8 <br />8 <br />8 <br /> <br />Source: City of Redwood City - Public Works Services Department. <br /> <br />Comparative Bi-Monthly Water Bills <br /> <br />The table following shows comparative residential bi-monthly water bills for neighboring <br />communities for Fiscal Year 2005-06, based on customers with 5/8-inch meters consuming <br />water at a rate of 15 units per billing period. <br /> <br />31 <br />