Title
Consideration of the Water Tap Fee and Recommendation
Body
Key Issues:
In accordance with LSCO Chapter 32, the Water Utilities Department has prepared the required documents for the Water Utilities Advisory Board's review.
For review of FY21 performance of the Water Tap Fee calculation, the following statements have been provided in the packet for the Board’s review.
· Statement of Applications for Service - a summary of the applications for service.
o There were 591 tap permits issued this past year that equates to 646.67 equivalent units.
· Statement of Water Tap Fee Collections and Disbursements - a summary of the tap fees collected and disbursed.
o Water Utilities collected $ 2,312,348 for FY 2020-21 in tap fee revenues.
o Expenditures for the period totaled $2,795,799, which included costs associated with payments to Kansas City for the acquisition of the additional water supply and expenditures related to upsizing projects.
· Summary Statement of Water Tap Fee Projects - a summary of the water tap fee projects initiated and completed which are consistent with the adopted project list.
o Water Tap Fee Projects have been updated to reflect proposed project additions and adjustments to meet future growth.
Staff have recommended modifications to the Water Tap Fee Projects List. These modifications are consistent with the criteria required for Water Tap Fee funding.
Proposed Motion:
I move to recommend City Council approval to amend the residential equivalent unit water tap fee to $3,730 effective July 1, 2022 and utilizing 470 residential equivalent units as the growth projection
Background:
The Original Tap Fee Ordinance became effective March 1, 1996
Purpose: To Establish a funding source that provides adequate water capacity to meet the additional demands created by new growth
o Requires an annual report to the City Council.
Statements
§ a statement summarizing the applications for service approved during the preceding year;
§ a statement...
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