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HomeMy Public PortalAboutExhibit MSD 1A - Cover Memo to Board of Trustees - Rate Change Proposal SubmissionExhibit MSD IA Metropolitan SI. Louie Sewer District :5! 1.0i.b, Mt 33'1i PI D-m: `4.76 wale:AWL' cur MEMORANDUM DATE: February 26, 2015 TO: Board of Trustees FROM: Brian Hoelscher, Executive Director 8 f/ RE: Formal Submission of Rate Change Proposal The Metropolitan St. Louis Sewer District (MSD) respectively submits this Rate Change Notice for a proposed change in its wastewater rates and stormwater taxes for Rate Commission consideration according to Section 7.280.b of the MSD Charter, as amended on June 5, 2012. This formal submission consists of the "Rate Change Proposal" as prepared by the firm Raftelis Financial Consultants, Inc. In addition to the formal Rate Change Proposal, the District is submitting supporting documents as listed on the attached Exhibit index. Per Section 7.280.b of the MSD Charter, the Rate Commission has 120 days from date of receipt of these documents, in which to review the proposal. Consequently, the District respectfully awaits a written report by June 26, 2015. A 45 day extension is available to the Rate Commission to complete its review by August 10, 2015. Questions regarding this proposal should be directed to myself at (314) 768-6245, Ms. Janice M. Zimmerman, Director of Finance at (314) 768-6299, or Ms. Theresa Bellville, Assistant Director of Finance at (314) 768-6229. C: MSD Board of Trustees MSD Executive Management