Resolution #15-54: Introduction of the 2016 Sewer Rates
Date of Adoption: December 16, 2015
WHEREAS, the Municipal Utilities Authority revenue comes from the rates that it charges its customers, and
WHEREAS, the authority is required by law to have a balanced budget; and
WHEREAS, in order to establish a balanced budget for 2016 the authority wishes to introduce the following rates for the year 2016;
The rate being proposed for an EDU is $980.00. This is an increase of $80.00 annually.
This translates into a proposed rate for:
- A studio and 1-bedroom unit is .6 of the cost of an EDU which equals $588.00 annually or $147.00 quarterly which is an increase quarterly of $12.00 for 2016.
- A 2-bedroom unit is .8 of an EDU which equals $784.00 annually or $196.00 quarterly which is an increase quarterly of $16.00 for 2016.
- A unit with 3 or more bedrooms is 1 EDU which equals $980.00 annually or $245.00 per quarter which is an increase quarterly of $20.00.
NOW THEREFORE BE IT RESOLVED that the above listed rates are approved for introduction and that a rate hearing will be held on January 21, 2016 at the Vernon Municipal Building at 21 Church St. at 7:00 p.m. or as soon as the matter can be reached. It is anticipated that formal action will be taken on these rates after the hearing.