(COLDWATER) - The Coldwater City Council will consider proposed increases to water and wastewater rates during Monday evening's meeting.
The proposal calls for a 3.9 percent increase in water rates and a 3.0 percent increase in wastewater rates following a cost of service study completed by Utility Financial Solutions, LLC.
According to the city, the study reviewed the Coldwater Board of Public Utilities' financial health along with five-year capital plans. The study recommended adoption of Resolution No. 26-50 to help maintain utility infrastructure stability.
The proposed increases are supported by the CBPU Board and would take effect July 1 if approved by the council.
City officials say the increases would add an estimated three dollars per month to the bill of the average household.
Staff says financial conditions will continue to be monitored for possible future adjustments.