Council debates fees and WIFIA debt coverage as it adopts fee schedule on second reading
Council adopted a revised fee schedule on second reading and discussed how WIFIA and other debt instruments require rate-setting based on authorized loan amounts, not just amounts drawn, with staff explaining timing and tranche closings affecting water/wastewater rates.
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Council approved an ordinance on second reading adopting the city's updated fee schedule and held extensive discussion about how recent changes to the capital improvement program (CIP) and the city's WIFIA financing affect utility rates.
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