14. ADOPTION OF RETAIL WATER RATES - PUBLIC HEARING RESOLUTION 23-59 The City's consultant, IB Consulting, completed a draft Cost-of-Service Rate Study (Study) for the City's Water Enterprise (Enterprise) and developed proposed water rates to meet ongoing operational, maintenance, and capital needs while maintaining the requirements of existing bond covenants. City staff requests that the City Council hold a Public Hearing to consider the adoption of proposed water rates. A notice of the proposed water rate adjustment was prepared in accordance with Proposition 218 and mailed directly to 14,852 customers and property owners on October 20, 2023. As of the published date of this report, the City has received twenty-two written protest to the proposed water rates. - City of Tustin, CA

Meeting: Regular Meeting of the City Council/Closed Session-5:30 pm/Regular Meeting-7:00 pm

Meeting Time: December 05, 2023 at 5:30pm PST

Agenda Item

14. ADOPTION OF RETAIL WATER RATES - PUBLIC HEARING RESOLUTION 23-59 The City's consultant, IB Consulting, completed a draft Cost-of-Service Rate Study (Study) for the City's Water Enterprise (Enterprise) and developed proposed water rates to meet ongoing operational, maintenance, and capital needs while maintaining the requirements of existing bond covenants. City staff requests that the City Council hold a Public Hearing to consider the adoption of proposed water rates. A notice of the proposed water rate adjustment was prepared in accordance with Proposition 218 and mailed directly to 14,852 customers and property owners on October 20, 2023. As of the published date of this report, the City has received twenty-two written protest to the proposed water rates.