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<br />70 <br />Page 3 <br /> <br />The proposed increase in water rates places Redwood City as the sixth most cost- <br />effective agency surveyed in the benchmarking study of other neighboring water <br />suppliers. The benchmarking study is comprised of 13 agencies and their existing <br />water rates from fiscal years 2007-08; the study does not take into account these <br />agencies pending rate increases for the 2008-09 fiscal year. <br /> <br />This Recommendation: <br /> <br />. Supports the guiding principle of basic service charge equal to fixed costs. <br />. Maintains Redwood City's cost effectiveness benchmark status when compared to <br />13 other agencies (6th most cost-effective). <br />. Continues to allow individual users to conserve and save money. <br />. Is consistent with the principle ''The more you use, the more you pay". <br /> <br />ALTERNATIVES <br />The Council could reject or modify the Utilities Committee I staff recommendation. <br /> <br />FISCAL IMPACT <br /> <br />The recommended package of rates and charges will increase revenues for Fiscal Year <br />2008-09 by $1.6M over the budgeted revenues for Fiscal Year 2007-08; which is the <br />targeted amount delineated in the Water Financing Plan - 2007 Update. <br /> <br />~- <br />~in Ezell <br />Public Works Superintendent <br /> <br />~87) <br />Lar arwacz <br />Director, Public Works Services <br /> <br />Peter Ingram <br />Interim City Manager <br /> <br /> <br />ATTACHMENTS <br />1. Ordinance - Water Service Charges <br />2. Resolution - Water Rates <br />3. Notice of Proposed Increases in Water Rates <br />4. Utilities Committee - Water Rate Recommendation with billing impacts <br />5. Benchmarking of Residential Water Bills at 15 Units of Average Use <br />6. Redwood City Water Enterprise Guiding Principles <br /> <br />RELATED DOCUMENTS IN CITY CLERK'S OFFICE <br />None <br />