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Date: November 12, 2024 Item: 10 <br />Presenter: Maggie Jin, Finance Director <br />Section: Consent Agenda <br /> <br />Title: Set 2025 Utility Rates <br /> <br /> <br />1.Purpose: <br />The purpose of this agenda item is to set the 2025 Utility Rates. <br />2.Background: <br />Utility rates are formally adopted as part of the approval of the annual fee schedule. The utility <br />increases proposed for 2025 are based on the 2019 rate study and are identified as follows: <br /> <br /> Increase <br />Water 2% <br />Sewer 2% <br />Stormwater 1% <br />Recycling 4% <br /> <br />By setting the utility rates ahead of the adopting the 2025 Fee Schedule, staff will be able to <br />communicate the increase to customers by including an insert in the November utility bills, which <br />will be send out prior to the adoption of the 2025 Fee Schedule at the December 9th Council <br />meeting. <br />3.Cost: <br />The 2025 Enterprise Budgets and Capital Improvement Plan includes the proposed fee increases. <br />4.Staff Recommendation: <br />Staff recommends setting the 2025 utility rates as identified in the above and attached table. <br />AGENDA ITEM <br /> <br /> <br /> <br /> <br /> <br /> <br />COUNCIL ACTION REQUESTED <br />Motion to adopt the 2025 utility rates as presented. <br />Exhibits <br />Exhibit A. Past and Projected Utility Rate Increases <br />Exhibit B. 2025 Draft Utility Fee Schedule <br />74