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3.11. SR 02-03-1997ITEM 3.9. 2ity of MEMORANDUM TO: FROM: DATE: Mayor and City Council Patrick D. Klaers, City Admi~Z~tor February 3, 1997 SUBJECT: Utilities Commission Update Attached for your review is a notice from the Municipal Utilities regarding electric and water rate changes. Utility Commissioner and Council Member, John Dietz, has requested that the General Manager, Bryan Adams, be in attendance at this City Council meeting to update the City Council on various decisions which the Utilities Commission has made regarding changes in the water and electric rates/fees. 13065 Orono Parkway ° P.O. Box 490 · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 ELK RIVER MUNICIPAL UTILITIES 322 King Avenue Elk River, Minnesota 55330 Phone (612) 441-2020 Fax (612) 441-8099 Elk River Mumcipal Utilities, your electric and water utility provider, has not revisited the cost of water utilities since 1984 and Electric utilities since 1990. Much has changed since then for Elk River has grown dramatically and costs of providing these utilities has also changed. In an effort to stay current, Elk River Mumcipal Utilities has realigned the electric rates to more accurately reflect the present cost of purchasing and providing electrical power. This realignment also includes an approximate 2% over-all rate increase. The residential and small businesses will experience an approximate 6% increase although the particular cost change in your home, business, or industry may be more or less than this mount depending upon your usage patterns. The large growth in both water usage and facilities necessary to furmsh and deliver water is requiting Elk River Municipal Utilities to change the water rates. The average home will see a $4 to $5/month increase. Businesses and industry will obviously see a higher increase depending upon usage. ff you have any questions, please feel free to call the utility business office or your utility commissioners. Description Electric Existing Rates Proposed Rates Elk River Municipal Utilities Projected Year End Cash Reserves 1996 1997 1998 1999 20000 368903 -238356 -903511 -1205307 -1013894 368903 178170 -60207 79522 227575 2001 2002 2003 Water Existing Rates O& M 100187 -130125 -141567 -156871 -172050 -167120 -162101 -173020 WAC Account 37550 29174 -46952 -250780 -232649 -208201 -181530 -242426 PreviousYearCarry-over 848307 986044 885093 696574 288923 -115776- -491097 -834728 Total Water Reserve 986044 885093 696574 288923 -115776 -491097 -834728 -1250174 Water Proposed Rates O&M 100187 4839 2269 -3375 -8033 8358 25865 28556 WAC Account 37550 107108 37581 -44052 -18076 14929 50935 225 Previous Year Carry-over 848307 986044 1097991 1137841 1090414 1064305 1087592 1164392 Total Water Reserve 986044 1097991 1137841 1090414 1064305 1087592 1164392 1193173 Page 1 .'.c'np'~.'_3, 27, i997 C:>./of Elk R~ver Ciiy ~{a'.'i 13065 Orono l;Ik River, Mn 55330 ITEM 3.,10 TYRUS L. BISCHOFF. S.A.MA R.E: LUCAL BOARD OF EQUALIZATION DATE AND 'I'IME ~ b~ve ter.,tativety set your local Board of Equalization meeting 5,.' April 30, 1997 at 6:00 P.M. P!eas¢ contact nyf offic~ as soon as possible if this date conllic~s V.,hh yo,~ zchedu!e so I :~ re- scheduie ~ ~temate date. ........ e _.. ~ ...... a cop'/of the Pa~-fi ' pmcevdings wi~ 10 wor~ng days of file Bo,,rd of Review Meeting. You MiJST provide a clerk ~o t~xa minute~. The mintae3 ~om the local hoards of equalization must bc in m7 o~ic¢ within 5 working da-.'a ,a fi~a',' we can meet the requked dea21inz set by the State of Mirmc~ota. TS~nk y<,~, x,.; ye.u.' ..... ~,,:,ue;.t cooperation. F! ©. Box 320 13880 Highway 10 ~'lk River. MN 55330 2a 1-2880 J i-800.-438~0577 J FY~x: 241-2875