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back future infrastructure replacement 4 years to 2020 (see Exhibit F). By issuing bonds, the <br /> costs of the large improvements can be spread out over a 15 yr timeframe, and while the City <br /> needs to start replacing the aging infrastructure, the existing condition of the fund required it to be <br /> delayed. <br /> SANITARY SEWER RATES <br /> The 2009 Rate Study outlined a continual path of increasing the sanitary sewer rates by 4% per <br /> year. While this fund is relatively healthy and does not require a large correction like the water <br /> fund, there still issues beginning in 2023. It is recommended to follow the 2009 Rate Study's <br /> recommendations and implement a 4% rate increase to the sanitary sewer rates for 2014. <br /> STORM SEWER RATES <br /> The 2009 Rate Study outlined a continual path of increasing the sanitary sewer rates by 10% per <br /> year. While this fund is also in a similar situation as the water fund, there are a number of <br /> unknowns which may drastically impact this fund. The new Municipal Separate Storm Sewer <br /> System (MS4) Permit was just recently released. <br /> Since it is a new permit with new requirements, it is currently unknown how the permit <br /> requirements will impact the City on a long term basis. Once staff has a better understanding of <br /> the impacts to the City, we will bring this back to the Council for a rate adjustment. At this time, <br /> it is recommended to follow the 2009 Rate Study's recommendations and implement a 10% rate <br /> increase to the storm sewer rates for 2014. <br /> EXHIBITS <br /> A. 2009 Water, Sanitary, and Storm sewer Utility Rate Study <br /> B. Average Yearly Cost Breakdown <br /> C. Cost for City to Produce a Unit of Water Spreadsheet <br /> D. Draft 2014 CIP Water, Sewer, and Storm Sewer Fund Balance Sheet <br /> E. Impacts Each Example has on the Water Fund Balance <br /> F. Changes Made to Draft 2014 CIP. <br /> 3 <br />