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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: AUl!ust 27. 2007 <br />Requested By: Michael Dolby g--- <br />Department: Finance <br /> <br />Appropriation <br /> <br />Source of Funds: N/ A <br /> <br />Account Number: N/A <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: <br /> <br />xx <br /> <br />Amount Budgeted: N/A <br /> <br />Exhibits: <br /> <br />Amount Requested: N/A <br /> <br />Exhibits: <br /> <br />Budgeted Item: YES NO <br /> <br />Exhibits: <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />The Fiscal Year 2007-08 Budget was built around an increase to Water and Sewer rates. This entails <br />increasing the base residential sewer rates from $8.25 to $9.75. The increase in residential sewer rates is <br />necessary to cover debt payments for the Waste Water Treatment Plant Improvements. <br /> <br />Sewer Rates <br /> <br />2006-2007 <br />8.25 <br /> <br />2007-08 <br />9.75 <br /> <br />Staff is not recommending an increase in the residential water rates at this time. <br /> <br />Action Required bv Council: <br /> <br />Approve Ordinance increasing the Water and Sewer rates. <br /> <br /> <br />A <br /> <br />enda <br /> <br />8~t!h7 <br /> <br />Date I I <br />