During a recent government meeting, discussions centered around proposed increases in water deposit rates for commercial properties, which are set to rise from $100 to $250. Concerns were raised regarding the potential adverse effects this increase could have on small businesses, particularly those with fewer employees. One suggestion was to implement a tiered deposit system based on the number of employees or the potential water consumption of the business.
Council members highlighted that while larger businesses like Best Buy could absorb the higher deposit, smaller establishments such as Rosie's Cafe might struggle. The conversation emphasized the need for a nuanced approach, considering that businesses like laundromats or restaurants, which may have fewer employees but higher water usage, could disproportionately impact the city if they default on their bills.
Additionally, the meeting addressed the topic of impact fees, which are collected from new developments to fund city services such as police, fire, and transportation. These fees vary between residential and commercial properties and are intended for capital expenses that enhance the city's capacity, such as infrastructure improvements. Council members noted that while impact fees cannot be used for routine expenses, they can fund significant projects that have a long-term benefit to the community.
The council is expected to further explore the possibility of adjusting water deposit rates and the implications of impact fees in future meetings, aiming to balance the needs of small businesses with the city's financial requirements.