3/6/14 - The Genoa Township Board approved water and sewer rate adjustments for three utility systems at its meeting Monday night. The board approved operating budgets for the Lake Edgewood Sewer System, the Oak Pointe Sewer System and the Oak Pointe Water System for the 2015 fiscal year, as well as some associated budget amendments for 2014. A rate adjustment of 3% per 1,000 gallons was approved for metered customers on The Lake Edgewood Sewer System from $6.43 to $6.62. Flat rates will increase by 8% from $110.87 per quarter to $120 per quarter, effective June 1st, 2014. Metered customers on the Oak Pointe Water System will see a 1.3% rate adjustment per 1,000 gallons from $3.08 to $3.12. The primary reason for that is to increase capital improvement reserve transfers. The current $10 per quarter debt charge will also increase to $15 effective May 1st, which is used to pay back loans for system improvements. Utility Director Greg Tatara provided a history of the different systems and an overall system analysis of each during the meeting. The smaller systems are said to have benefited from consolidated utility operations, resulting in each becoming more financially independent and less volatile with regard to expenses and rate adjustments. A more detailed break-down of the budget and rates for the utility systems can be found in the attachment below. (JM)
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