PUBLIC NOTICE
PUBLIC HEARING
WATER AND SEWER RATES
ADJUSTMENTS
NOTICE is hereby given that the Lake Orion Village Council has scheduled a public hearing at the Lake Orion Village Hall in the Council Chambers located at 21 E. Church Street, Lake Orion, Michigan 48362, on Monday, December 12, 2016, at 7:30 PM, on the proposed changes to the Water Rates to fund $8 million water main improvements. Council will be taking comments on the following two proposed options:
1. $8 Million single bond debt at 2.5% with completion of the work done at one time – water and sewer rates would increase as follows:
Water Rate Sewer Rate January 2017 $2.74/unit $3.87/unit
July 2017 $5.63/unit $4.03/unit
July 2018 $5.72/unit $4.19/unit
July 2019 $5.81/unit $4.36/unit
July 2020 $5.90/unit $4.53/unit
OR
2. $8 Million phased bond debt at 2.5% with work phased over four years – water and sewer rates would increase as follows
Water Rate Sewer Rate January 2017 $2.74/unit $3.87/unit
July 2017 $3.65/unit $4.03/unit
July 2018 $4.53/unit $4.19/unit
July 2019 $5.26/unit $4.36/unit
July 2020 $5.90/unit $4.53/unit
Interested parties of the Village of Lake Orion may appear in person at this hearing to comment on this issue or may submit comments in writing prior to the hearing to Village Clerk, Village of Lake Orion, 21 E. Church St., Lake Orion, MI 48362 or at galeczkas@lakeorion.org. A copy of the proposed rate increases is available for review at the Village Administrative Offices located at Village Hall, 21 E. Church Street, Lake Orion MI during regular business hours, 9:00 a.m. – 4:30 p.m. Monday through Friday.
Susan Galeczka, CMC
Village Clerk
Published: 12/01/2016 and 12/08/2016
Posted: 11/23/2016