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--EUGENE Public Works <br /> Engineering <br /> City of Eugene <br /> 858 Pearl Street <br /> MEMORANDUM Eugene, Oregon 97401 <br /> (541) 682 -5291 <br /> (541) 682 -5032 FAX <br /> www.ci.eugene.or.us <br /> Date: May 12, 2004 <br /> To: Eugene Budget Committee <br /> From: Mark Schoening, 682 -5243 <br /> City Engineer, Public Works Engineering <br /> Subject: Options for an Increase in Stormwater Fees <br /> This memo responds to Councilor David Kelly's request for options to phase in stormwater fee <br /> increases to fully fund the current stormwater program. The proposed FY05 stormwater budget <br /> balances revenues and expenditures and maintains a two -month operating reserve. <br /> Approximately $2 million in reductions have been made to the current stormwater program. The <br /> reductions have been made to both the operating and capital elements of the program. <br /> Using the assumptions in the Six -Year Financial Forecast, annual fee increases of 3 percent <br /> would be necessary to maintain the reduced service levels in the stormwater program proposed in <br /> the FY05 budget. With no fee increase in FY05 and annual fee increases of 3 percent for the <br /> following five years, the monthly stormwater fee for a single family home would increase from <br /> $7.08 to $8.21 over the six year horizon of the financial forecast. <br /> Two options for restoring funding to the current stormwater program and the impacts to typical <br /> single family home are summarized in the following table: <br /> Option 1 <br /> Percent Increase Monthly Fee for Typical Incremental Increase <br /> Single Family Home in Annual Revenue <br /> FY05 16 $8.21 $1,300,000 <br /> FY06 8 $8.87 $800,000 <br /> Option 2 <br /> Percent Increase Monthly Fee for Typical Incremental Increase <br /> Single Family Home in Annual Revenue <br /> FY05 8 $7.65 $650,000 <br /> FY06 8 $8.26 $680,000 <br /> FY07 8 $8.92 $703,000 <br /> Page 1 of 2 <br />