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<br />BC <br />Page 3 <br /> <br />Current 2010/11 2011/12 <br />Cost Proposed Proposed <br />er Unit Cost er Unit Cost per Unit <br />0-1000/0 of consum tion* $3.60 $3.92 $4.27 <br />(*Recycled water customers will continue to receive a 25% discount on their water bill) <br /> <br />Rate Tiers <br /> <br /> <br />The proposed increase in water rates places Redwood City as the eleventh most cost- <br />effective agency surveyed in the benchmarking study of neighboring water suppliers. <br />The benchmarking study is comprised of twenty-one other agencies and their existing <br />water rates for fiscal years 2009-10; note that the study does not take into account <br />these agencies pending rate increases for the 2010-11 fiscal years. <br /> <br />This Recommendation: <br />. Supports the guiding principle of basic service charge equal to fixed costs. <br />· Places Redwood City's as the 11lh most cost-effective water agency when compared <br />to 21 other agencies. <br />· Continues to allow individual users to conserve and save money. <br />· Is consistent with the principle '''-he more you use, the more you pay." <br /> <br />AL TERNA TIVES <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 />2010-11 by $1.8M over the budgeted revenues for Fiscal Year 2009-10; which is the <br />targeted amount delineated in the March 2010 Water Financing Plan cash flow <br />projection update. <br /> <br /> <br />~~ <br />Jus' zell . <br />P ic Works Superintendent <br /> <br />~ <br /> <br />Peter Ingram ~ <br />City Manager <br /> <br />~8~J <br />Larry Ba cz <br />Public orks Services irector <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 />