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March 3i, 1998 343 <br /> <br />These fee increases Will support proposed additional debt required to fund <br />a major renewal and replacement Program throughout the city over the next <br />five years. <br /> <br />These proposed increases will have an average impact on households of $3.04 <br />per month or 1.4% of the current monthly bill. .~ <br /> <br />Water $1.25 <br />Sewer 1.54 <br />E-911 .25 <br /> <br />Total $3.04 <br /> <br />CONCLUSION <br /> <br />As we prepare for the 21st Century, we are faced with continuing challenges <br />and opportunities. The priority areas established by the City Council will <br />continue to serve as the overarching framework for making Portsmouth a city <br />where people want to live, work and play, The specific financial objectives <br />previously outlined provide the direction for a healthy financial condition with <br />our past to remind of us importance of staying focused on long-term goals. <br />Our continued success will depend upon our ability to stay focused on our <br />vision and our commitment to achieve our long-term objectives and to balance <br />spending, saving and investing. <br /> <br />On motiOn, meeting adjourned at 5:30 p.m. <br /> <br />Minutes prepared by: <br /> <br />Debbie K. Hebert, CMC <br />Chief Deputy City Clerk <br /> <br />APPROVED. <br /> <br />Dr. James W. Holley III ~. <br />Mayor <br /> <br />Debra ¥, White, CMC <br />City Clerk ' - <br /> <br />T <br /> <br /> <br />