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Michigan City Water Works seeks bonds, proposes phased water-rate increases
Summary
Superintendent Christopher Johnson told the city council the Water Works board plans to file with the Indiana Utility Regulatory Commission for rate adjustments and seek roughly $35 million in initial bonds to fund urgent water-main, booster-station and treatment projects; proposed residential bills would rise from $23.09 to $39.20 over three years.
Christopher Johnson, superintendent of Michigan City Water Works, told the Common Council on Dec. 2 that the utility needs to sell bonds and request a rate adjustment to pay for a prioritized set of capital projects.
Johnson said the department’s last rate change was in 2015 and that inflation and rising operating costs — including chemical prices up about 69% and higher prices for pipe, hydrants and meters — have outpaced revenue growth. He said the Water Works Board approved a rate ordinance at its Nov. 10 meeting and a debt declaratory resolution Nov. 25 to enable bond sales and to file a case…
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