Fiscal Note
This amendment to the Storm Water Utility rate adjustment policy provides for a 10 5 year ‘phase out’ period for rate adjustments applied to properties used for Agricultural purposes. Based on 2011 billing rates, this would result in an approximate increase in revenues of $198,000 per year at the end of the phase out period for all Agricultural properties.
Title
A Third substitute resolution revising the Rate Adjustment Policy as Provided by Section 37.05(4)(d) of the Madison General Ordinances.
Body
WHEREAS, the City established a Storm Water Utility in November of 2000 and began utility billings in the second half of 2001. The Ordinance creating the Storm Water Utility provided for application of rate adjustments based upon guidance from the Public Service Commission and previous court rulings. In March of 2002, the City Engineer established the Rate Adjustment Policy for the Storm Water Utility. The policy provided for Agricultural parcels to receive a reduction in billable area to 5 acres, for a period of 10 years (Section 3.5 of the Rate Adjustment Policy approved on March 5th, 2002), and;
WHEREAS, the purpose of this revision is to account for the Agriculture properties that have received the rate adjustment for 10 years as previously approved, and to establish a more equitable and uniform policy going forward.
WHEREAS, the revision to this policy provides for a ten year credit to certain parcels used for Agriculture followed by a 5 year phase out of that credit and includes other administrative revisions as follows:
NOW, THEREFORE, BE IT RESOLVED, Section 3.5 of the Rate Adjustment Policy approved on March 5th, 2002 is revised as follows: Any newly annexed parcel that requests and is determined to be eligible for a rate adjustment for Agricultural purposes, shall receive full credit for the year in which they annexed and the entirety of the following year. In subsequent years, the adjustment shall be reduced by 10% per year until fu...
Click here for full text