Quote:
Originally Posted by Happydaz
If water rates go up 25% it might be wise to change your landscaping. At this time I am converting my landscape to a more native plant environment as these plants require less water. I plan to reduce my reclaimed landscape consumption of water by 50%. With 401K’s losing value and inflation reducing pensions it might be prudent to cut fixed costs like water. Didn’t we just buy this water company with our amenity fees? Is it already another developer albatross passed over to us?
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NSCUDD had to sell over $200 million worth of bonds to purchase these two system from the Developer. And now, NSCUDD has to pay for what we purchased which does affect our cost to then influence our water rates. I will post my comments made at the Monday meeting for all to read on this site.
However, if you can
please attend the meeting this Monday at 3PM in the Seabreeze Rec Center. All residents living in CDD9, 10 and 11 will have their rates raised by a yet to be approved amount. If the current staff proposed rate structure is approved( Years 1-3 - 10% increases annually, Years 4-5 -3% annual increases), your rates will be going up by way over 25%.