Approve Proposed 11.4% Water Rate Increase for All Wholesale Water Customers Effective with the Bill Due and Payable December 15, 2006:

A Public Hearing was conducted on August 22nd for the purpose of receiving oral or written comments on a proposed 11.4% water rate increase for all wholesale water customers. Mr. Bob Riddle, Manager of the Georgetown Water Company spoke but had no negative comments on the proposed rate increase. There were no written comments received. Therefore, Staff recommends that the Board approve the proposed 11.4% water rate increase for all wholesale water customers effective with the bill due and payable December 15, 2006.