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/ Growth should pay for growth <br />/ Fiscally sound <br />/ Encourage greater conservation <br />To raise the necessary revenues, a combined water and sewer rate increase of about 9.5°~ is <br />needed: <br />Water - 6.25% <br />Sewer - 13.75% <br />Why is additional conservation needed? {chart) <br />Increasing Block Rates for Individually Metered Residential Customers <br />/ Sends strong price signal to higher-than-average users to conserve <br />/ Nelps to reduce the effect of rate increases for law valume users <br />/ Eliminates fhe seasonal rate impact for low volume users <br />/ Proven and successful conservation tool <br />Customer Impacts (with 9.5% rate increase) (table) <br />Our decisions are guided by principles of sustainability for our: <br />/ Customers <br />/ Limited resources <br />/ Infrastructure and facilities <br />/ Fiscal affairs <br />"the true cost of water" <br />How increasing block water rates work <br />How OWASA rates compare <br />OWASA Board Schedule <br />for Budgets & Rates <br />Plant-in-Service Method <br />/ Utilizes Replacement Cost Less Depreciation value of the existing system plus the cost of the <br />five-year CIP (in current year dollars). <br />/ Includes a credit to reflect the present value of future debt service payments to avoid a <br />double recovery of capital costs. <br />/ Considered the fairest alternative methodology <br />• includes all eligible assets in the service availability fee <br />