City Council

14. ADOPTION OF RETAIL WATER RATES - PUBLIC HEARING RESOLUTION 23-59 The City’s consultant, IB Consulting, completed a draft Cost-of- Service Rate Study (Study) for the City’s Water Enterprise (Enterprise) and developed proposed water rates to meet ongoing operational, maintenance, and capital needs while maintaining the requirements of existing bond covenants. City staff requests that the City Council hold a Public Hearing to consider the adoption of proposed water rates. A notice of the proposed water rate adjustment was prepared in accordance with Proposition 218 and mailed directly to 14,852 customers and property owners on October 20, 2023. As of the published date of this report, the City has received twenty-two written protest to the proposed water rates. Recommendation: Staff recommends that the City Council: 1. Conduct a Public Hearing to receive testimony on the proposed water rates for Fiscal Year 2023-2024 through Fiscal Year 2027-2028; and 2. Adopt Resolution No. 23-59 approving the proposed water rates for the Fiscal Year 2023-2024 through the Fiscal Year 2027-2028 with effective dates of January 1, 2024; January 1, 2025; January 1, 2026; January 1, 2027; and January 1, 2028. RESOLUTION NO. 23-59 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, ADJUSTING WATER RATES PROVIDED BY THE CITY OF TUSTIN Agenda Report REGULAR BUSINESS ITEMS 15-16