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Board asks for flat-rate projection and combined collection costs before deciding on Ovid inclusion
Summary
Directors requested that LRB provide model runs that (1) hold treatment rates flat, (2) show a combined collection+treatment customer bill, and (3) clarify growth/ERU inputs before revisiting the Ovid question on June 17.
After reviewing the LRB financial model, board members asked staff and the consultant for three specific follow-ups to reduce uncertainty in long-term projections.
A director asked for a projection that holds the treatment rate steady rather than modeling a mid-period reduction, saying, "I'd like to see the projection holding the rates steady and not lowering them to see how much capital was in there." Directors argued that a flat-rate scenario would show how quickly debt could be retired and whether surplus impact-fee revenue could fund future upgrades.
Staff and the presenter agreed to provide the flat-rate run, add collection-system capital and operating costs into a combined customer-rate calculation, and reconcile growth/ERU subtotals that board members flagged as inconsistent. The consultant estimated impact-fee revenue in the model at about $2,100 per connection and noted the concept-level nature of the capital figures.
The board set a June 17 deadline to review the revised spreadsheets and asked staff to advertise any public meeting where board members will attend LRB iscussions so as not to create an unadvertised quorum.
