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Severance hears utility rate study proposing two 10‑year financial scenarios, tiered residential rates and a North Weld‑linked surcharge
Summary
Consultants presented two 10‑year financial scenarios for Severance utilities and offered two water rate structure options: maintain the uniform rate or adopt a three‑tier residential volumetric structure. Council questioned reserve levels, bond timing and how an annual surcharge tied to North Weld would interact with monthly tiers.
Todd, an Actillis consultant, presented the town's utility rate study during the Jan. 13 work session, outlining a three‑part approach—financial planning, cost‑of‑service allocation and rate design—and asking the council for feedback on two 10‑year financial scenarios.
The first scenario relies on no additional revenue increases beyond the 4% the council already adopted for 2026 and would allow the town to cash‑fund roughly $10.2 million in repair and replacement projects while drawing down reserves over the study horizon. The second scenario uses modest, inflationary annual increases; it draws down the fund balance less and preserves a larger cushion for unplanned events, such as a major main break, according to Todd.
Todd tol…
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