HomeMy WebLinkAbout7,Public Hearing Electric & Water Standby Chrg
Consent Item #7 May 21, 2014 and Water Standby ChargesSchedule Public Hearing for Electric
Schedule Public Hearing for Electric and Water 2 proximity to electric and water distribution facilities Owners benefit from their vacant lots being in close •available to vacant lotsof
electric and water facilities when distribution lines are Standby charges recoup operating and maintenance costs •since 1975Standby charges have been assessed on vacant parcels •Background
/ History Standby Charges
Background/History Cont’d Standby ChargesSchedule Public Hearing for Electric and Water 3$80 per unimproved parcel of any size-Water $20 per parcel greater than an acre$10 per parcel
less than an acre-Electric Current annual charges:•year to add charges to the annual property tax billsNevada and Placer Counties require new resolutions each •
New Information/Fiscal Impact Standby ChargesSchedule Public Hearing for Electric and Water 4$ 172,500Total1.4% of water revenue148,400Water Standby Charges $ 24,100 .1% of
electric revenueElectric Standby Charges 2015 tax year-Standby charges for the 2014•No proposed changes to standby charges•Public Hearing must be held to continue the standby charges•
Recommendation Standby ChargesSchedule Public Hearing for Electric and Water 5 Electric and Water Standby Chargesfor the purpose of receiving input on the adoption of Set a date for
a Public Hearing on June 4, 2014 at 6:00 PM •