Title
A Resolution amending Ordinance No. 2015-17, as amended, and Resolution 2016-148, as amended, to adjust the Storm Water Fee and Sanitary Sewer Charges, providing for severability, and an effective date.
Body
This Resolution adjusts the Storm Water Fee and Sanitary Sewer Charges as follows:
Storm Water Fee -This recommended increase is the second year of a ten-year plan (year one was implemented in FY 2016-2017) to create the substantial fund balance in the Storm Water Utility Fund necessary to ready the City for sea level rise related infrastructure improvements. The goal of the fee change plan is to accumulate a minimum of $100 Million by the early “mid-century” mark.
The theory behind this is to make sure Coral Gables is ready to compete in the early “mid-century” credit market when most cities along the coast will be competing for the same dollars. The more funds the Coral Gables accumulates on its own translates to less credit the City will have to compete for. The accumulated funds will be restricted in the City’s balance sheet specifically for sea level rise capital improvements. Year two of the plan adjusts the Storm Water Fee from $11.89 to $13.30 per Equivalent Residential Unit (ERU) per month.
Sanitary Sewer Charges - The City is anticipating a increase in Miami-Dade County wastewater treatment and disposal charges that will take effect during Fiscal Year 2017-2018. To cover the cost of the wastewater fee increase this resolution adjusts the City’s Sanitary Sewer Charges from $2.9779 to $3.0077 per CCF for less than 1 CCF to 5 CCFs, from $5.6901 to $5.7470 per CCF for greater than 5 CCFs to 9 CCFs, from $5.7860 to $5.8438 per CCF for greater that 9 CCFs, from $3.4715/month to $3.5062/month for 5/8” meters and from $11.6856/month to $11.8024/month for 1” meters.