Label
DPU120523WATERRATES
Department of Public Utilities
Ed Moore (x1845)
Title
Amending portions of Section 933.02 in Title III, Chapter 933 of the Toledo Municipal Code to establish new water rates.
Body
SUMMARY & BACKGROUND:
Ordinance No. 538-19 established water rates for a period of four years from 2020 with the last increase effective on January 1, 2023. On November 6, 2018, the citizens of Toledo paved the way for historic regional cooperation through passage of a Charter Amendment allowing the creation of the Toledo Regional Water Commission, charged with continuing to provide a safe and dependable water supply at the lowest cost for all customers. All regional contract jurisdictions have signed 40-year uniform contracts to purchase the City of Toledo produced water. The City of Toledo now can proceed to establish an improved rate design that supports continued infrastructure investment, adds water affordability measures and ties customer costs directly to water use. This ordinance establishes rates for water service for the years 2024 through 2027 that will cover existing and future debt service incurred to fund the cost of water infrastructure improvement projects, and provide sufficient funds for the proper operation and maintenance of the water treatment plant and distribution system. At the completion of these four years all surge charges will be eliminated and all customers will be charged at a true cost of service rate. The amount of the Senior/Homestead discount will remain at 25%, as well as the Senior Low-Income discount at 40%, and a new Low-Income discount will be established at 25% which greatly benefits those who qualify.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That Section 933.02(a) and (b) of the Toledo Municipal Code of the Toledo Municipal Code which reads as follows:
(a) Retail Rates
Rates for water consumers, residing inside the Toledo city limits and Lucas County ...
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