Discussion and possible directions to staff on any and all matters regarding an update on the status of current utility rates and the analysis conducted by Economists.com for forecasted utility rates to fund future capital improvement projects. (Mr. Dan Jackson, Economists.com, Eulogio Vera, Director of Public Works, Jorge Perez, Billing and Collections Manager)

It is customary for cities and towns to review their rates every five (5) years and make any rate adjustments necessary to maintain and improve infrastructure and operations for the residents of the city.  Cities contract expert economists as guides to study this complex area of predicting future needs of the city as well as analyzing for any short-falls in funding from the past. The last study was implemented for five (5) years with the last increment in the rate starting July 2017.   There are several new residential subdivision in the process with approximately 500 new lots.  San Luis is anticipating more growth and more need to provide services and infrastructure improvements for its residents. This presentation is an update of our current utility rates and how they have been modified over the past five years.