Submitted By
John P. Wielebnicki, Public Works Director
Reviewed By
LKS
Agenda Item Title
Title
Second Reading and Adoption of An Ordinance Amending Chapter 26 ("Water"), Article 2 ("Charges and Collections") of the Oak Park Village Code Regarding the Rates for Water and Sewer Services as Reviewed at the October 24, 2019 Finance Committee Meeting
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Overview
Overview
This is the second reading and adoption of an Ordinance which proposes the fees charged for Water and Sewer services. Proposed are rates for the next five years (2020 - 2024) which are based on the current five year projection of water & sewer expenses. The rates were determined from the completion of the 2019 Water & Sewer Rate Study. The First Reading was held on November 4, 2019.
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Recommendation
Recommendation
Second Reading and adopt the Ordinance.
Fiscal Impact
Fees collected for these services fund the Water & Sewer Fund.
Background
In December 2014 the Village Board approved Water & Sewer rates for 2015 through 2019. These rates were based on a Water & Sewer Rate Study that was completed at the time. This fall, staff has been working with Baxter & Woodman Consulting Engineers, a local professional engineering firm that specializes in planning, design and construction of water & wastewater facilities, to complete another five year Water & Sewer Rate Study.
The 2019 Water & Sewer Rate Study provides a five year view of the projected Water & Sewer Enterprise Fund. The projection includes the current position of fund balance as well as the proposed revenues and expenditures, including the Capital Improvement Program. Rates are based on the volume of water used (metered) per 1,000 gallons plus a fixed monthly charge for the size of water meter the customer has on their premises.
The results of the Study and proposed fees were reviewed at a Finance Committee meeting on October 24, 2019 as part of the annual budget process.
Three options were provided. Each option was e...
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