Subject:
Title
Notification of the Annual Sewer and Water Maintenance Index adjustment with Board discussion
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Fiscal Impact:
To be determined annually
Dept/Office:
Utility Services
Requested Action:
Recommendation
On February 18, 2021, the Board approved Utilities implementing annual sewer and rate increases utilizing the Consumer Price Index (CPI) to the Sewer and Water Maintenance Index without a specific cap. If the rate rises above 3.4% per year it is to be brought before the Board for notice and discussion.
As the Sewer and Water Maintenance Index to be implemented is 4.41%, without alternative direction from the Board, Utility Services will be moving forward with implementing the 4.41% rate increase.
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Summary Explanation and Background:
On February 18, 2021, the Board held a Budget Workshop which included Utility Services making a presentation regarding the Department using a rate adjustment matching the CPI (Water and Sewer Maintenance).
The motion was made and approved that if the new index without a cap, rises above 3.4% per year it is to be brought before the Board for discussion (see Attachment A). Attachment B (page 43 of 46 per the footer of the attachment) are the meeting minutes highlighting the discussion of the motion and the verbatim motion being made. In conformance with Board direction, since the Index to be implemented for 2023 is at 4.41% this matter is presented to the Board for discussion before implementation.
Clerk to the Board Instructions:
Email Clerk Memo to Karina Perez Perez at: karina.perez@brevardfl.gov <mailto:karina.perez@brevardfl.gov> and mail original to Utility Services, Attention: Karina Perez Perez