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G-940 (2) - 12/14/2010 - WATER - Ordinances Supporting DocumentsITEM 10.11.1) AGENDA ITEM Regular Board of Trustees Meeting of December 14, 2010 SUBJECT: Water Rate Adjustment FROM: Michael Hullihan, Public Works Director BUDGET SOURCE/BUDGET IMPACT: Impacts Water Fund Revenue RECOMMENDED MOTION: I move that the Village Board approve ORDINANCE 2010 -WA -G -940 ,AN ORDINANCE AMENDING CHAPTER 5 OF TITLE 8 OF THE VILLAGE CODE OF THE VILLAGE OF OAK BROOK, ILLINOIS RELATING TO WATER CHARGES Background/History: Due to bulk water rate increases by the Du Page Water Commission (DWC) and significant changes to the Village water Capital Improvement Plan (CIP), a water rate study was undertaken. The results were briefed to the board in November. Subsequently, Trustee Wolin, Trustee Moy, Village Manager Niemeyer, Finance Director Dangles and I met to explore the details of the study. The major conclusions of these deliberations are: The priorities of the water CIP (Distribution and pumping facilities) are sound Rate increases are required to fund the CIP and maintain a reasonable cash reserve in the water fund Replacement of the distribution system in out of Village service areas is imminent and is a significant future liability The water rate study suggests an option for a rate structure which would raise the Village water rate to $5.00 per thousand gallons and the out of Village water rate to $6.50 per thousand gallons in January 2011. Subsequent rate increases would follow at 3 year intervals. This rate structure would allow progress on the CIP while building a reserve for the imminent replacement of water mains in out of Village service areas. After further consideration by staff, we came to the , 1f conclusion that the initial water rate increase, while justified, is too much of an increase in too short a period. We have formulated the following alternative rate structure which amounts to a 4.5% increase per year for residents and 6.5% increase per year for non - residents: 2010 2011 2012 2013 Resident Rate $ 4.39 $4.59 $4.79 $5.01 Non - Resident Rate $5.39 $5.74 $6.11 $6.51 Rates increase yearly in 2011, 2012 and 2013 by 4.5% for customers within the Village and 6.5% for customers outside the Village. Also, our consultant recommended that the bi- monthly admin service charge be increased from $7.00 to $8.00. This is also proposed to be phased in over a three year period. The bi- monthly service charge is proposed at $7.33 for 2011. This rate structure will allow us to attain the following goals: • Supply sufficient funds to operate and maintain the water system • Provide enough funding to pursue capital improvements at a reasonable pace • Allow funds to accrue for out of Village areas to allow main replacement in the 2020- 2030 time period • Maintain a minimum of six month operational reserve Since the rate structure is lower than that recommended in the rate study, an adjustment to expenditures will have to be made. This adjustment will be a resequencing of capital improvements. This new improvement schedule will be reflected in the 2012 -2016 five year capital improvement plan. It should be noted that these rates do not include bulk water rate increases from the City of Chicago or the Du Page Water Commission. Increases in these water rates will have to be factored into 2012 and 2013 rate proposals. The proposed water rate for 2011 falls in the lower to mid -range of water rates for surrounding communites which vary from $2.87 per thousand gallons to $7.90 per thousand gallons. Recommendation: I recommend approval of the attached water rate increase ordinance. ORDINANCE 2010 -WA -G -940 AN ORDINANCE AMENDING CHAPTER 5 OF TITLE 8 OF THE VILLAGE CODE OF THE VILLAGE OF OAK BROOK, ILLINOIS RELATING TO WATER CHARGES WHEREAS, the President and Board of Trustees of the Village of Oak Brook, Illinois have heretofore, by ordinance established rates, fees, and service charges for water usage; and WHEREAS, the President and Board of Trustees deem a revision of the water rates, fees, and charges, and the passage of this Ordinance to be in the best interest and in pursuance of the general welfare of the Village; NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF OAK BROOK, DU PAGE AND COOK COUNTIES, ILLINOIS as follows: Section 1: That Section 8 -5 -2 -G of the Village Code of the Village of Oak Brook, Illinois be and is hereby deleted in its entirety and replaced as follows: G. Water Consumption Charges 1) A monthly service charge of seven dollars ($7.33) per customer account is hereby imposed, effective for any billing periods after January 1, 2011. 2) Effective January 1, 2011 water shall be charged at the rate of four dollars and fifty -nine cents ($ 4.59) per thousand gallons for customers in the corporate limits of the Village of Oak Brook and at the rate of five dollars and seventy -nine cents ($5.79) for customers outside the corporate limits of the Village of Oak Brook. 3) Effective January 1, 2011 water drawn from the hydrant at 3003 Jorie Boulevard shall be charged at a rate of six dollars and five cents ($6.05) per thousand gallons. Section 2: That all ordinances in conflict with the provisions of this Ordinance are hereby repealed to the extent of such conflict. Section 3: That this Ordinance shall be in full force and effect from and after passage, approval and publication, as provided by law. Section 4: The Village Clerk is hereby authorized and directed to publish this Ordinance in pamphlet form as required by law. APPROVED THIS 14th day of December, 2010. John W. Craig Village President PASSED THIS 14t' day of December, 2010. Nays: ATTEST: Charlotte K. Pruss Village Clerk Ordinance 2010 -WA -G -940 Water Rates 2010 Page 2 of 2 ' ° o � N J � � Q N O y � m a N J J J n�o dam m y O O °ma 0m m ia. Y 'ry t0 m O m 2. 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