RES 87418 - Laserfiche WebLink

Projected Revenues, Operation and Maintenance Expenses and Net Revenues Available For Other Purposes The City intends to meet that portion of Rental Payments allocable to. Capital Project I from enterprise revenues and water system connection charge revenues. In addition, the City is presently in the planning and preliminary design phase of a corporation yard project. City staff has reconunended that financing costs of the corporation yard project be split equally among the Water, Sewer, and General Funds. It is estimated that approximately $6,350,000 of additional Certificates of Participation will be issued in 1987/88 to finance the Corporation Yard Project. Estimated level debt service over a 20-year term, at an average interest rate of 7.75%, would approximate $636,000, of which one-third ($212,000) would be paid by enterprise revenues. To evaluate the enterprise's cost of lease payments to finance Capital Project I and corporation yard project, the City completed a study of water service rates and water system connection charges in August 1987. At its meeting of August 18, 1987, the City Council unanimously approved recommended increases in water service charge rates and water system connection fees, effective November 1, 1987. Based on water service charge rates effective November 1, 1987, it is estimated that the charge to a typical .single dwelling unit will increase about 22% from $26.06 to $31.77 per bimonthly period. CITY Of PLEASANTON WATER fERVICE RATEI PER BIMQNTHLY BILLING PERIOD ExiSting R~te Effective NOvember 1, 1~7 Water Rates and Charges BiMgn~hly BiMOnthly 1. Demand Charge Based on Meter Size 5/8 x 3/4 inch $ 8.40 $ 8.40 1 inch 8.aO 8.dO 1.5 inch 21.55 21.55 2 inch 32.75 32.75 3 inch 57.90 57.90 4 inch g0.25 90.25 6 inch 168.35 168.35 · 8 inch 250.55 250.55 ]0 inch 289.60 289.60 2. Water Consumption Charge Per 100 Cubic Feet Per lO0 Cubic Feet 0-3000 cu. ft. $0.42 $0.556 3001-5000 cu. ft. 0.46 0.608 5001- 0.50 0.660 27