HomeMy WebLinkAboutPublic Comment water metering From: Ann Penfield [mailto:annpenfield @ gmail.com]
Sent: Wednesday, July 23, 2008 1:57 PM
To: Michael Holley
Subject: Fwd: PUD BOARD MEETING JULY 23 AGENDA ITEM #6 WATER METERING
Dear Mr. Holley,
Please see below letter, can you pass this along to who ever is responsible for collecting
public comment for tonight's meeting.
Thanks
Ann Penfield
---------- Forwarded message ----------
From: Ann Penfield <annpenfield @ gmail.com>
Date: Wed, Jul 23, 2008 at 1:52 PM
Subject: PUD BOARD MEETING JULY 23 AGENDA ITEM #6 WATER METERING
To: joeaguera@tdpud.org, ronhemig@tdpud.org, resutton@sbcglobal.net,
timtaylor@tdpud.org, williamthomason@tdpud.org
RE:Item #6 Approval of Water Metering Implementation Plan
To the Truckee Donner PUD Board
I will not be able to attend tonight's meeting in person, but would like this letter to be
included in the meeting in my absence.
I understand that the board plans to vote tonight on this matter and I would like to go on
record as opposing the board taking a vote at this meeting. I understand that one member
will not be able to attend or vote on this very major funding project,
and feel that this large an issue which will bind the entire customer base to a significant
additional increase to our already high water bill of about an additional 10% or $5.88 per
month beginning Jan 2009 - less than six months from now, should be announced and
studied in detail.
If we do not need to comply to the full metering until 2025 1 think it would prudent to make
sure all potential avenues to save the rate payers money for installing these meters are
reviewed. Seems to me that the $5.88 increase you will begin billing us immediately could
pay for the gradual install of the meters, and not result in a $10 Million dollar debt with
interest payments of 5.29% over the next 15 years. If we install on a more gradual basis,
maybe the extra $5.88 could be reduced to a more tolerable amount instead of an
immediate almost 10% increase on an already very expensive water bill.
If you do commit to a bond, will you be borrowing the whole amount immediately and what
will happen to the money drawn?? as you would not be needing to pay for the meters until
they are installed. I'm not sure what type of payment plan you have in mind for this bond,
but when I do the math, it looks like in a 15 year period if all funds drawn on up front, you
would incur a monthly pmt of $80,598 with a total of $4,507,000 in interest over 15