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Council approves $29,425 amendment for utility rate study
Summary
Council approved a $29,425 amendment to the FCS professional services agreement to fund a five- to ten-year revenue requirement and pull-attachment fee study intended to guide future utility rates.
Todd Marks presented an amendment to the city's longstanding FCS professional services agreement, explaining the agreement would fund a revenue requirement and pull-attachment fee study priced at $29,425 to inform rate projections for the next five to ten years.
Marks argued the city's current rates are comparatively low and that failing to update the comprehensive study would leave the city behind: “On this, it's $29,425... if we don't get a comprehensive study to predict the next 5 to 10 years, we'll be beyond the curve on this,” he said. Council moved, seconded and approved the amendment to continue the rate-study work.
