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P.H. 2024-11: (PUBLIC HEARING 2ND READING)
AN ORDINANCE OF THE CITY COMMISION, OF THE CITY OF POMPANO BEACH, FLORIDA, AMENDING CHAPTER 53, "STORMWATER MANAGEMENT", BY AMENDING SECTION 53.12, "STORMWATER FEES," TO MODIFY MONTHLY FEES FOR STORMWATER SERVICES; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: N/A)
FIRST READING: OCTOBER 24, 2023
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(Staff Contact: A. Randolph Brown)
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Summary Explanation/Background:
To achieve the financial sufficiency required by the City, which includes meeting target debt service coverage and unrestricted reserve fund balances this rate increase is recommended by the Department. The operations and maintenance costs are estimated to increase by 10.6% per year mostly attributable to the factors such as personnel cost, chemical cost (46%) and Broward County Wastewater Treatment (15.5%).
Origin of request for this action: Utilities
Fiscal impact and source of funding: N/A
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