Resolution #16-02: Adoption of the Sewer Rates for 2016
Date of Adoption: January 21, 2016
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 adopt the following rates for the year 2016:
The rate being adopted for an EDU is $980.00. This is an increase of $80.00 annually.
This translates into a proposed rate for:
- A studio/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 have been adopted on January 21, 2016, after a rate hearing having been held on January 21, 2016 are hereby approved and the executive director is directed to place these rates into effect for 2016.