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Case #1 <br /> <br /> RATES, FEES AND CHARGES <br /> By: Sandra Ashley Helling, Finance Officer <br /> <br />Background: <br /> <br />With the Wood~ Pond Projects and Wood Pond Hills subdivisions, the City of <br />Ramsey ¢olfecte~ from the developer for the installation cost and a contribution <br />toward ope~atkinal and maintenance cost for subdivision street lights. Upon <br />connection t~ t~e City's utilities, the City will be billing the properties served for <br />street light,ne [via the City's utility billing system. To provide for this, a <br />monthly/qu~terly billing rate must be established. In addition, staff has <br />identified st~nd~rd rates to be applied to future developer contributions for street <br />lights, and Istre~t/traffic signs. Further, the City's interest rate charge should be <br />policiesadded tOreqhiringth~ C~ty'Ssame.SChedule of rates, fees and charges due to recently adopted <br />Observat~Ons:i <br /> [ <br /> <br />The numbe~ of[ lots served per street light will vary somewhat, and depending <br />upon the ~¢sid?ntial billing policy adopted, this could result in a separate <br />residential street lighting rate per subdivision. Due to the additional staff time and <br />computer ~.[~did, ation differing rates would generate, staff has reviewed the <br />current sub~livijion requirements and developed an average for the purpose of <br />establishing tone! rate. <br /> <br />The attache~l COst analysis utilizes that average of 5 lots per street light, and <br />includes thei O ~ M charges from AEC, carrying and billing cost, and provides for <br />for street light[replacement after twenty years. A residential billing rate of $2.75 <br />per month br $.8.25 per quarter will result in revenue equal to expenses (at the <br />1992 level)[wh~-n the subdivision reaches 70% of its lots on line or on average <br />during year [:4. 'if development is not at 70%, sufficient dollars would remain from <br />the developer's i contribution to allow the subdivision to break even for another <br />three to fodr y~ars. If de, velopment occurs at a faster rate, these dollars could be <br />used to asset i0 the City s priority intersection street light program. <br /> <br />Staff Rec,ommendation: <br /> <br />The follow~ng urban street hght installation and associated rates <br />wherein the~ ligl~ts are installed concurrent with electric utilities- <br /> <br /> Devel0per; contribution: <br /> Installhtioq - Cobra street light (at AEC rate to the City) <br /> Install~tiorl - Traditionaire subdivision light (at AEC Rate) <br /> Opera!~on Maintenance for three years @ $90/year <br /> <br /> Resid{ntiaI urban billing: <br /> Subdi*ision street lighting rate <br /> <br />are recommended <br /> <br />$600/light <br />$400/light <br />$270/light <br /> <br />$8.25/qtr <br /> <br /> <br />