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Fernley council reviews $101 million utilities plan, directs staff to model grant scenarios and return annually
Summary
The Fernley City Council heard a consultantled five-year water and sewer rate study that outlines roughly $81 million in existing water assets plus an estimated $65 million of needed water projects and about $31 million in wastewater assets with $36 million more projected; the council voted 5-0 to ask staff for annual updates and scenario modeling, including grant offsets and connection-fee impacts.
A consultant told the Fernley City Council that the citys water and wastewater systems will require roughly $101 million in capital work over the next five years and that those projects will put pressure on utility rates and reserves.
Katherine Hansford of Hansfford Economic Consulting summarized the study during the Sept. 3 meeting, saying the two utility systems account for about 66% of the citys infrastructure and listing about $81 million in water assets with an estimated $65 million of additional water work anticipated over five years and about $31 million in wastewater assets with roughly $36 million of additional needs.
The nut graf: the study projects drawing down capital reserves and using a mix of cash and debt to fund major projects; staff and the consultant said such a strategy can smooth rate increases but will still require higher annual charges in some years unless the city secures grants or revises its…
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