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Waterford approves water rate study and seeks $134,000 REAP grant for well engineering
Summary
The City Council awarded a $29,410 contract for an independent five-year water rate and fee study and adopted a resolution authorizing the city manager to apply for $134,000 in REAP 2 funds for preliminary engineering of a possible new municipal well at the northeast corner of Tim Bell Road and Vineyard.
The City of Waterford on Tuesday awarded a $29,410 contract to a consulting firm for an independent five-year water rate and fee study and adopted a resolution authorizing submission of a $134,000 Regional Early Action Planning (REAP 2) grant application to Stanislaus Council of Governments. The rate study contract will review the water enterprise’s finances, capital needs, customer classes and growth assumptions and is intended to establish rates to “maintain the system and adequately provide for capital needs” over the next five…
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