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Treasurer says Fremont wastewater rate increase will affect Valley budget
Summary
City Treasurer Lori Sorensen told the council that a Fremont ordinance increasing wastewater rates will have budget and debt-service impacts for Valley; she said she is preparing a 3–5-year study to guide decisions and noted the original construction cost for the wastewater line was $4 million.
City Treasurer Lori Sorensen addressed the council about an ordinance passed by the City of Fremont to increase wastewater rates and laid out how that change affects Valley's projected payments and debt service. Sorensen said she is preparing a "3-5-year study" for the council to review to assist with decision-making; she also noted current debt-service obligations and future projections for fees paid to Fremont.
Council members asked operational questions: Council Member Socha asked about the original cost for the wastewater line (reported in the meeting as $4 million at the time of construction), and Council Member Dean pressed whether the agreement with Fremont could be renegotiated; the council noted the current Fremont agreement renews every five years. No formal direction or vote on renegotiation was taken at the meeting.
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