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Council approves 7% water, 3% sewer rate increase and hires bond counsel and financial adviser for infrastructure bonds
Summary
The council adopted a proposed water/sewer rate package (7% water, 3% sewer) to rebuild fund balances and approved hiring Dickinson Wright and MFCI for a planned $3.9 million bond package covering clear wells and a ladder truck, with bond fees to be paid from bond proceeds.
Alpena council members voted May 19 to adopt proposed water and sewer rates that would raise the water rate 7% and the sewer rate 3% for the coming fiscal year, a combined average increase of about 5% across both utilities.
Steve Schultz, city engineer, presented rate options and recommended the 7%/3% split to accelerate rebuilding the water fund balance while limiting sewer increases. Schultz said the proposed rates assume 292,601 water gallon units and 274,101 sewer gallon units and would generate approximately $2.3 million for the water fund and about $2.06 million for the sewer fund. Using that option, Schultz said the average utility customer would see roughly a $20–$25…
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