COLDWATER, MI (WTVB) – The Coldwater Board of Public Utilities Board of Directors recommended to the City Council on Wednesday night that water and wastewater rate increases which would take effect on July 1 be approved.
Water and Wastewater Cost of Service studies authorized by the board and conducted by Utility Financial Solutions reflected an overall rate increase of 2.9 percent for water and 1.9 percent for wastewater per year for the next three years.
U.F.S. President Mark Beauchamp said about 93 percent of the B.P.U.’s water customers have five-eighths inch meters. He said over the three year rate track, the average residential customer will see a monthly increase of about $1.05 in the first year, $1.20 in the second year and 90 cents in the third year.
For wastewater customers who have five-eighths inch meters, they will see monthly increases of 40 cents in the first year and 85 cents in each of the next two years.
U.F.S. stated in its report that the rate adjustments were based on the utility’s ability to work toward debt coverage, minimal cash reserves and optimal operating income.
The City Council is scheduled to take action next Monday night.
ABSOLUTELY TIRED OF THESE MONEY hungry people running this city, I really wish my house was paid off, Coldwater Michigan IS ONLY FOR THE RICH PEOPLE!!!! THEY DONT CARE ABOUT US CITIZENS LIVING HERE