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Council sets June 17 public hearing on proposed sewer rate increases following Willdan study
Summary
Willdan presented a five-year sewer rate study showing current rates unchanged for more than 20 years and recommending staged increases to meet operating, capital and debt-coverage needs; council set a June 17 public hearing and authorized staff to proceed with Proposition 218 notices.
The Island City Council voted on April 15 to set a public hearing for June 17 on proposed sewer rate increases recommended by Willdan Financial Services after a five-year financial analysis.
Chris Fisher of Willdan told council the study found the sewer utility has not raised rates in more than 20 years, is not meeting debt-service-coverage requirements on a loan that carries about $145,000 in annual debt payments, and lacks reserves to fund planned capital projects. Fisher said the consultant's recommended multi-year schedule of rate increases is designed to restore adequate reserves, meet debt covenants and…
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