The water rates shall be increased as increases are received from the water supplier (City of Fort Wayne) based upon the following calculation.
Water Tracker Calculation | |
(A) Annual purchased water increase inclusive of URT | $ |
(B) Annual revenue generated by metered water billings (only) (Historic revenue generated) | $ |
(A)÷(B) - Increase required | __ % |
The calculated increase required will be multiplied times the city's then current rates. | |
A public hearing shall be conducted before a rate increase takes effect. | |
(Ord. G-20-06, passed 4-7-2020)