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Prepared By: RJO Reviewed By: Approved By: <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />1. Purpose. The purpose of this agenda item is to set the 2024 Utility Rates. <br /> <br />2. Background. Utility Rates are formally adopted as part of the approval of the annual Fee Schedule. <br />The utility increases proposed for 2024 have been discussed with the budget committee two times and by <br />the full council as a work session on August 28th. The increases being requested are based on the 2019 <br />rate study and are identified in the following table. <br /> <br /> Increase <br />Water 2% <br />Sewer 2% <br />Storm 1% <br />Recycling 4% <br /> <br />By setting the utility rates ahead of the adoption of the 2024 Fee Schedule, staff will be able to <br />communicate the increase to customers by including an insert in the November utility bills. These bills <br />will be sent out prior to the adoption of the Fee Schedule on December 11th. <br /> <br />3. Staff Recommendation. Staff Recommends setting the 2024 utility rates as identified in the attached <br />table. <br /> <br />COUNCIL ACTION REQUESTED <br />A motion to adopt set the 2024 utility rates as presented. <br /> <br />Exhibits <br />A. Past and Projected Utility Rate Increases <br />B. 2024 Utility Rate Changes <br />Item No.: 10 Date: November 27, 2023 <br />Item Description: Set 2024 Utility Rates <br />Presenter: Ron Olson, <br />Finance Director <br />Agenda <br />Section: <br />Consent <br />Orono City Council | Monday, November 27, 2023 | Page 36 of 79