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<br />Connection and Facilities Fees. The following table sets forth the current Water System <br />schedule of connection and facilities fees for the Enterprise, which was approved in 1994. <br /> <br />Table 8 <br />Current Connection Fees <br /> <br /> Service Line Water <br /> Installation Facilities <br />Meter Size Meter Fee Fee Fee <br /> <br />5/8 inch $150.00 $2,250.00 $1,787.00 <br />3/4 inch 175.00 2,250.00 2,680.50 <br />1 inch 200.00 2,250.00 4,467.50 <br />1-1/2 inch 350.00 3,300.00 8,935.00 <br />2 inch 450.00 3,300.00 14,296.00 <br />3 inch 725.00 TBO-per detailed 26,805.00 <br /> esti mate <br />4 inch 1,400.00 TBO-per detailed 44,675.00 <br /> esti mate <br />6 inch TBO-per detailed TBO-per detailed 89,350.00 <br /> esti mate esti mate <br /> <br />Source: City of Redwood City. <br /> <br />The City is currently developing new water connection and facilities fees, and anticipates <br />substantially increasing them to ensure that new development pays it proportionate share of <br />infrastructure cost. See Table 16 under the caption "ENTERPRISE FINANCIAL INFORMATION - <br />Enterprise Historical and Projected Operating Results below." <br /> <br />Water Rate Increases <br /> <br />Historical Rates Increases. The City's most recent rate increase was on August 1, <br />2004. 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 - and based on changes in the wholesale rates paid under <br />the Master Water Sale Contract as well as approved Enterprise budgets. The table below sets <br />forth 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 /> <br />Rate Increase <br />2% <br />3 <br />5 <br />2 <br />0 <br />25 <br />3 <br /> <br />Source: City of Redwood City. <br /> <br />28 <br />