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Nibley Council OKs phased water rate increases, authorizes $3 million loan application
Summary
The Nibley City Council approved a five-year plan to raise the monthly water base rate by $1 per year and authorized staff to apply for a $3,000,000 loan to fund upcoming water-source and infrastructure projects.
The Nibley City Council on April 10 approved a multi-year plan to raise household water charges and authorized city staff to apply for a $3,000,000 loan to help pay for a new well and other water capital projects.
City manager Justin Maugham told the council the water fund has seen rising operational and capital costs since the last rate structure change in 2005, including higher salaries, rising meter replacement costs, and increasing state and federal testing requirements. “Water meters are our bread and butter,” Maugham said, adding they are becoming more costly to replace and maintain.
The council adopted Resolution 25-11, which sets the monthly base water rate…
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