AGENDA CAPTION:
Title
Receive a Staff presentation and hold a Public Hearing to receive comments for or against Ordinance 2020-69, increasing Drainage Utility Rates as authorized by Section 86.505 of the San Marcos City Code; including procedural provisions; and providing an effective date; consider approval of Ordinance 2020-69 on the first of two readings.
Body
Meeting date: September 1, 2020
Department: Finance-Victoria Runkle, Interim Finance Director
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Fiscal Note:
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City Council Strategic Initiative: [Please select from the dropdown menu below]
Stormwater
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Background Information:
In prior years rate modeling indicated multi-year 15% rate increases were needed to support operating expenses and proposed CIP. There was not a rate increase in FY20 due to the pending outcome of the rate model restructure. During FY20 staff presented City Council restructured rate models with constrained CIP (capital improvement projects) for drainage projects to support a 6.5% rate increase.
A rate adjustment of 6.5% is recommended for FY21.
Residential rates will be adjusted for small lots by $0.34, medium lots by $0.79, and large lots by $4.97 per month. Commercial ...
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