Laserfiche WebLink
<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 />Proposed Rate <br />Increase <br />12.0% <br />12.0 <br />12.0 <br />6.5 <br />6.5 <br />6.5 <br /> <br />Fiscal Year <br />2005-06 <br />2006-07 <br />2007 -08 <br />2008-09 <br />2009-1 0 <br />2010-11 <br /> <br />Source: City of Redwood City <br /> <br />Comparative Bi-Monthly Water Bills <br /> <br />The table below shows comparative residential bi-monthly water bills for neighboring <br />communities for Fiscal Year 2003-04, based on customers with 5/8-inch meters consuming <br />water at a rate of 15 ccf per month. <br /> <br />Table 11 <br />Average Bi-Monthly Residential Bills <br />Fiscal Year 2003-04 <br /> <br /> Bi-Monthly Metered Base level Calculated Bi- <br />Community Fixed Rate Quantity Rate Monthly Bill <br />Menlo Park $10.00 $1.15 $28.25 <br />Foster City 25.00 1.26 43.90 <br />Redwood City (existing rates) 23.12 1.13 44.42 <br />San Mateo (Cal Water) 14.40 2.17 46.99 <br />San Carlos (Cal Water) 14.40 2.17 46.99 <br />S. San Francisco (Cal Water) 21.24 1.92 50.00 <br />Mid-Peninsula Water District 11.46 1.36 52.54 <br />Palo Alto N/C 3.71 55.92 <br />San Bruno 15.80 2.75 57.05 <br />Mill brae 19.12 2.60 58.12 <br />Bear Gulch (Cal Water) 23.94 2.35 59.19 <br />Brisbane 21.76 10.88 72.00 <br />Burlingame 34.98 4.27 78.16 <br />Hillsborough 24.00 3.62 78.30 <br />Community Average 18.16 3.09 61.42 <br />Community Median 19.12 2.35 55.92 <br /> <br />Source: City of Redwood City. <br /> <br />Customer Base <br /> <br />Number of Accounts. The Enterprise has a relatively stable customer base, and does not <br />anticipate its customer base will grow substantially in the near future. <br /> <br />29 <br />