(a) In order to pay the expense of conducting and managing the waterworks system of the City of Kent and to make adequate provision for the payment of the interest, principal and other fund requirements of mortgage revenue bonds to be authorized and sold to finance the construction of improvements of and extensions to such system, the rates and charges for the product and services of the waterworks system of the City hereinafter set forth are hereby established.
(b) The funds received from the collection of the rates and charges herein after provided for shall be deposited as received with the Director of Budget and Finance who shall keep the same in a separate fund designated as the Water Revenue Fund. Subject to the provisions of any ordinance or indenture of mortgage authorizing the issuance of and securing mortgage revenue bonds for the system, moneys in the fund shall be used for the payment of the cost and expense of operation, maintenance, repair and management of the system and for the payment of debt and other charges on bonds issued for improvements of and extensions to the system; any surplus in such fund over and above the requirements hereinbefore mentioned may be used for enlargements of and replacements to the system and parts thereof. (Ord. 1986-4. Passed 1-22-86.)
(c) For the purposes provided in subsection (b) hereof, the following rates for the product and services of the system are hereby established:
Subject to the minimum charges described below:
Effective for the first billing cycle in January, 2023
$46.837 For each 1,000 cubic feet of water consumed up to and including 100,000 cubic feet per month;
$44.646 For each 1,000 cubic feet of water consumed in excess of 100,000 cubic feet per month up to and including 300,000 cubic feet per month; and
$42.161 For each 1,000 cubic feet of water consumed in excess of 300,000 cubic feet per month.
MINIMUM CHARGE PER MONTH | ||
Water Meter Line Size Charge (inches) | Quantity (cu. ft.) | Monthly Minimum Charge |
3/4 and 5/8 | 300 | $14.051 |
1 | 900 | 42.154 |
1.5 | 1,800 | 84.307 |
2 | 2,400 | 112.410 |
3 | 3,400 | 159.247 |
4 | 4,500 | 210.768 |
6 | 9,000 | 421.536 |
8 | 15,000 | 702.560 |
10 | 22,500 | 1053.845 |
12 | 36,000 | 1686.143 |
(d) In future years, rates for conducting and managing the water production system to supply potable water will increase as follows:
(1) The water rate billing for 2023 will increase by nine percent (9%);
(2) The water rate billing every year thereafter, will increase by three percent (3%);
(3) City Council reserves the right to review these increases annually during the capital budget review. (Ord. 2022-134. Passed 12-21-22.)