TO AMEND TITLE 9 OF THE BLOOMINGTON MUNICIPAL CODE ENTITLED “WATER” (Rate Adjustment)
This ordinance amends the rates and charges included in Title 9 of the Bloomington Municipal Code, entitled “Water”, to reflect increased costs of supplying water and services to customers, and to make debt service payments on bond financing for required capital improvements. Note: This ordinance reflects the adoption of two amendments by the Council. Am 01 raised the rate increase from 47% to 54% in order to save $9.5 million in interest payments. Am 02 acknowledged the Utilities Departments commitment to explore the feasibility of implementing recommendations of the Report of the Peak Oil Task Force regarding the water supply.