PLACEMENT: Public Hearings
TITLE:
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PUBLIC HEARING TO CONSIDER RENEWAL OF THE UTILITY WATER AND WASTEWATER RATES RESOLUTION TO RE-ESTABLISH AND UPDATE ANNUAL RATE INDEXING AND AN UPDATE TO CAPITAL FACILITY CHARGES SCHEDULE
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EXECUTIVE SUMMARY:
executive summary
Board action is requested to adopt a Resolution adjusting the Utilities water and wastewater rates, fees, charges, special charges, and to establish annual indexing, and to adopt a separate Resolution adjusting the capital facility charges schedule.
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DEPARTMENT: Utilities and Solid Waste
PREPARED BY: Name: Samuel Amerson, P.E.
Title: Utilities & Solid Waste Director
REQUESTED BY: Samuel Amerson, P.E., Utilities & Solid Waste Director
PRESET: 1:30 PM
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
Martin County Utilities (MCU) water and wastewater system (the System) is established as an enterprise fund, and it operates in a manner similar to a business entity. As such, the System must have at minimum, revenues equal to the costs of the services provided, and the County must establish rates sufficient to cover the cost of operating, maintaining, and financing improvements for the System in accordance with Section 159.41, General Ordinances, Martin County Code and Section 4.184, Subdivision 1, Division 6, and Section 4.266, Subdivision 1, Division 7, Article 4, Land Development Regulations, Martin County Code, and to meet the rate covenant requirements pursuant to the Bond Resolution that authorized the issuance of the Outstanding senior lien bonds and the Loan Agreements executed with the Florida Department of Environmental Protection associated with the State Revolving Fund loan program.
This agenda item addresses three categories of Charges: A) User Rates, Fees, and Charges; B) Special Service Charges; and C) Capital Facility Charges.
User Rates, Fees, and Charges
MCU has historically used a 10-year automatic price index rate adjustment phasing program as a transpa...
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