FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
title
MOTION to approve a water rate increase of 5% to become effective on July 1, 2024 as recommended by the WPCA and contained in the water and sewer rate table presented at the WPCA April 23, 2024 Public Hearing; in accordance with Ordinance #400-001 "An Ordinance Creating a Water Pollution Control Authority for the Town of Ledyard")
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Background:
Groton Utilities notified the WPCA that they would be increasing the cost of water by 5% to commence on October 1, 2024.
The WPCA held a Public Hearing sometime in April, 2024 to present the 5% water rate increase to the Ratepayers; as it would be included in the upcoming Fiscal Year 2024/2025 Water Operations Budget. (see attached).
In accordance with Ordinance #400-001 "An Ordinance Creating a Water Pollution Control Authority for the Town of Ledyard")
Section 5. Establishing Benefit Assessments and Setting Rates
The WPCA shall review and recommend rates for use and shall be responsible for holding a public hearing at which all the users of the water system and the owners of the property served or to be served and others interested shall have an opportunity to be heard concerning such proposed rate or charge. Notice of such hearing shall be given, at least ten days before the date set therefore, in a newspaper having a circulation in such Town of Ledyard. Such notice shall set forth a schedule of rates or charges, and a copy of the schedule of rates or charges established shall be kept on file in the office of the WPCA administrative staff and in the office of the town clerk of the Town of Ledyard, and shall be open to inspection by the public.
Upon completion of the process to establish user rates, as set forth in CGS Chapter 102, Section 7-239, the Town Council shall set just and equitable rates or charges of the water system that shall be sufficient for the payment of expense of operation, repair, replacement and maintenance and forese...
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