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6.U. - Page 16 of 47 <br />BARTLE WELLS ASSOCIATES <br />INDEPENDENT PURI C I].'�ANC1 ADVISORS <br />April 4, 2019 <br />City of Redwood City <br />Public Works Services Department <br />1400 Broadway Street <br />Redwood City, CA 94063 <br />Re: Sewer Financial Plan & Rate Update <br />1889 Alcatraz Avenue <br />Berkeley, CA 94703 <br />510 653 3399 fax: 510 653 3769 <br />www.bartlewells.com <br />Bartle Wells Associates is pleased to submit the attached Sewer Financial Plan & Rate Update. The <br />study develops updated financial projections for the City's sewer utility and recommends adoption <br />of 4.5% annual sewer rate increases for each of next three fiscal years. <br />The proposed rates are designed to fund the costs of providing wastewater service, adequately fund <br />rehabilitation and replacement of aging wastewater facilities, and equitably recover costs from all <br />customers. With the proposed rate increases, the City's sewer rates are projected to remain in the <br />middle range compared to other regional agencies. <br />Please contact me 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 />Alex T. Handlers, CIPMA <br />Principal/Vice-President <br />695 <br />