PSJ commissioners protest tipping fee increase

Published: Thursday, August 22, 2013 at 09:25 AM.

“We think that is the safest route,” said city manager Jim Anderson.

A key was keeping the annual payment under $1 million and also providing the city enough flexibility to lock-in a long-term plan on water and sewer rates that have been spiking for three years, will increase again in October and are linked to the debt.

“We feel they are meeting us at a good position,” said Michael McKenzie of the city’s finance committee. “It’s a good rate locked in for 15 years. The security of those extra years was important.”

Though commissioners had hoped that once the long-term debt was settled they could ease off rates, the new loan agreement reduces potential attorney’s fees and provides a path to address rates in two to three years.

“We could level out the rates in the next couple of years,” McCroan said.

Water line replacement

The city will shave some future debt after commissioners approved having a work crew from Public Works to perform the second phase of water distribution line replacement.



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