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(a)
The water rates for water furnished by the city to the consumer and measured by meter shall be billed at $5.03 per 100 cubic feet, until May 16, 2021. Effective May 17, 2021, for all consumers, the water rate shall be $5.33 per 100 cubic feet. For subsequent years, the effective rate shall be modified as follows:
Effective October 15, 2022, the rate per 100 cubic feet will increase to $5.65.
Effective October 15, 2023, the rate per 100 cubic feet will increase to $5.99.
Effective October 15, 2024, the rate per 100 cubic feet will increase to $6.35.
Effective October 15, 2025, the rate per 100 cubic feet will increase to $6.73.
At the end of each fiscal year, an analysis will be performed to determine if revenues are consistent with projections. Prior to the end of fiscal year 2023-2024, a rate study will be performed to determine if a modification is required for subsequent years.
(b)
All additional charges to the city from the Providence water supply board, the state or any other authorized agency shall be added to the city billing for water charges to its customers in the first billing period following the imposition of any such additional charges.
(c)
Effective May 17, 2021, the annual fixed meter charge portion of the water charge shall be as follows:
Meter Size Fixed Charge (Existing) Fixed Charge Effective May 17, 2021 Fixed Charge Effective November 1, 2022 Fixed Charge Effective November 1, 2023 Fixed Charge Effective November 1, 2024 Fixed Charge Effective November 1, 2025
⅝" $85.00 $90.10 $95.51 $101.24 $107.31 $113.75
¾" $127.50 $135.15 $143.26 $151.86 $160.97 $170.63
1" $212.50 $225.25 $238.77 $253.10 $268.29 $284.39
1½" $425.00 $450.50 $477.53 $506.18 $536.55 $568.74
2" $680.00 $720.80 $764.05 $809.89 $858.48 $909.99
3" $1,360.00 $1,441.60 $1,528.10 $1,619.79 $1,716.98 $1,820.00
4" $2,125.00 $2,252.50 $2,387.65 $2,530.91 $2,682.76 $2,843.73
6" $4,250.00 $4,505.00 $4,775.30 $5,061.82 $5,365.53 $5,687.46
8" $6,800.00 $7,208.00 $7,640.48 $8,098.91 $8,584.84 $9,099.93
Such fee shall be prorated quarterly or monthly for customers who are billed on a quarterly or monthly basis.
(d)
Any amount unpaid on the due date, after a seven calendar day grace period, shall be subject to a penalty at the rate of 12 per centum, per annum.
(Rev. Ords. 1987, § 17-36; Ch. 144, § I, 10-23-00; Ch. 270, § I, 8-19-03; Ch. 368, § I, 11-1-05; Ch. 469, § I, 11-5-08; Ch. 602, § II, 5-6-14; Ch. 669, §§ I, II, 5-2-17; Ch. 687, § I, 11-21-17; Ch. 798, § I, 4-20-21)