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A Motion to Concur with the Initial Recommendations of the 2025 Water & Sewer Rate Study and Direct Staff to Prepare a Water Rate Ordinance for 2026 for Consideration by the Board of Trustees.
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Introduction
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During the initial phase in the 2025 Water & Sewer Rate Study, Village staff requested that NewGen Strategies and Solutions evaluate the Water & Sewer Fund's existing financial and operating information, make a recommendation for 2026 Water & Sewer Rates, and prepare for a discussion with stakeholders on rate methodology and billing format strategies for the future. NewGen recommends that the Village increase Water & Sewer rates in 2026 to move towards three financial goals: maintaining a Water & Sewer Fund balance consistent with industry best practices, stabilizing cash flow within the Water & Sewer Fund, and increasing fixed revenue recovery.
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Recommended Action
Adopt the Motion.
Prior Board Action
There is no prior Board action associated with this item.
Background
Public Works staff posted a Request for Qualifications (RFQ) for the 2025 Water & Sewer Rate Study in late January to engage a qualified consulting firm to provide an independent analysis of existing rates and fees and recommend appropriate adjustments in rate levels and/or structures. In mid-February, Public Works staff interviewed two of the three qualified, responsive firms: NewGen Strategies and Solutions, as well as Raftelis. After careful review and deliberation, Public Works chose to move forward with NewGen Strategies and Solutions based on their submittal, qualifications, informative interview, and reference check.
As part of the initial phase in the 2025 Water & Sewer Rate Study, Village staff requested that NewGen evaluate the Water & Sewer Fund's existing financial and operating information, develop goals for the Water & Sewer Fund based on that analysis, and make a recommendation for the 2026 Water & Sewer rates. Whil...
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