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File #: Ord. 2020-69(b)    Version: 1 Name:
Type: Ordinance Status: Individual Consideration
File created: 9/1/2020 In control: City Council
On agenda: 9/15/2020 Final action:
Title: Consider approval of Ordinance 2020-69, on the second of two readings, increasing Drainage Utility Rates as authorized by Section 86.505 of the San Marcos City Code; including procedural provisions; and providing an effective date.
Attachments: 1. 2020 Drainage Rate Ordinance.pdf, 2. Exhibit A - Drainage Rate Change 2020-21.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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AGENDA CAPTION:
Title
Consider approval of Ordinance 2020-69, on the second of two readings, increasing Drainage Utility Rates as authorized by Section 86.505 of the San Marcos City Code; including procedural provisions; and providing an effective date.
Body
Meeting date: September 15, 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 rates will be adjusted by $0.79 per ERU per month.


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