Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City briefed on utility rate analysis: large capital needs, proposed rate and new pass-through fees
Summary
Consultants and staff presented a utility rate study that shows heavy capital needs for water, sewer and storm systems, recommends a mix of debt financing and phased rate increases, and proposes two new pass-through water charges for Deer Creek and Jordanelle.
Consultants and staff summarized a utility-rate analysis that models multi-year capital and repair-and-replacement needs for Orem's water, sewer and stormwater systems, and proposed a combination of rate increases and debt financing to fund projects.
LRB public finance and city staff said capital investment needs drive the evaluation: the water fund's model included approximately $16.1 million in master-plan capital and about $77.7 million in repair-and-replace costs through a 2033 horizon; the sewer fund showed roughly $130.3 million in master-plan capital and $41.8 million in repair-and-replace; the storm fund showed about $33.1 million master-plan and $10.3 million repair-and-replace. The presentation noted these figures are the primary driver of proposed rate increases.
Recommended approach: the consultants proposed a combined path of modest annual rate…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
