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CR 98-096 Approve Storm Sewer Rate IncreaseJune 11, 1998 Proposed Action Staff recommends adoption of the following: Move to approve Resolution No. 98 -036 which increases the storm sewer utility rate by $.60 per residential equivalency factor, per quarter. Adoption of this motion will result in staff moving forward with changing the storm sewer rate effective with all billings from August 1, 1998 and there after. Overview The 1998 budget included a proposed rate increase of $.60 per quarter for storm sewer utilities. The current rate is $9.00 per residential equivalency factor (ref) per quarter, the proposed rate would be $9.60 per ref per quarter. This rate increase is necessary to continue maintaining and upgrading the storm sewer system in Hopkins. Primary Issues to Consider The last rate increase for Storm Sewer Utility rates was in 1992 and implemented in 1993. The rate increase at that time was $1.50 per ref. This was to cover the three major projects that were done in 1989 to respond to flooding caused by poor drainage in parts of the City. Since then a number of other projects have been identified and completed leaving the Storm Sewer Fund with a negative working capital balance. The 1997 storms helped to identify other drainage improvement needs within the City. The 1999 — 2003 capital improvement plan (CIP) calls for $1,200,000 in additional projects over the next five years. The current rate of $9 per residential equivalency factor (REF) per quarter is not sufficient to pay for existing debt, current operations and projects identified in the CIP. The proposed rate increase of $.60 per ref would increase single family &duplex resident rates from $3.00 a month to $3.20 a month. Staff Recommendation Finance recommends increasing the current storm sewer utility rate by $.60 to make strides towards eliminating the negative working capital balance in the Storm Sewer Utility Fund and provide for capital improvements in the future. Supporting Information Resolution No. 98 -036 Lori Yager Finance Director APPROVE STORM SEWER RATE INCREASE Council Report 98 -096 ATTEST: Terry Obermaier, City Clerk CITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION 98 -036 STORM SEWER UTILITY RATE INCREASE WHEREAS, the City of Hopkins has established Ordinance No. 89 -640, City Code section 720 - Storm Sewer Drainage Utility effective September 5, 1989; and WHEREAS, the ordinance authorizes storm sewer utility drainage charge rates to be set forth by council resolution; NOW, THEREFORE, be it hereby resolved that the City Council of the City of Hopkins hereby sets the service charge for the Storm Sewer Utility at the following rates to be paid to the City upon billing therefore as follows: Storm Charge Water REF Rate Drainage *Class Land Uses Rate Per REF Rate/Month • 1 Single family & duplex residential 1/3 $9.60 $ 3.20 /unit 2 Multiple family residential 3 $9.60 28.80 /acre 3 Commercial institutional uses 5 $9.60 48.00 /acre 4 Public and private schools 1.25 $9.60 12.00 /acre 5 Churches 3 $9.60 28.80 /acre 6 Parks 0.25 $9.60 2.40 /acre 7 Golf courses 0.25 $9.60 2.40 /acre 8 Vacant improved and unimproved 0 $9.60 0 9 Industrial 5 $9.60 48.00 /acre *as established by Ordinance code section 720.05 The monthly storm water drainage fee is determined by multiplying the storm water drainage rate by the parcel's acreage for all classes except single family and duplex residential (Class 1). Single family and duplex residential is determined by the storm water drainage unit rate for each Class 1 parcel regardless of acreage. EFFECTIVE DATE: The provisions of this resolution shall take effect and be in force in connection with all billings rendered hereunder from and after August 1, 1998. Adopted by the City Council of the City of Hopkins, Minnesota, this 16th date of June, 1998. Charles D. Redepenning, Mayor