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Police City of Pequot City Hall <br /> 218-568-8111 F =. Lakes 218-568-5222 <br /> Fax 218-568-5647 tr. Fax 218-568-5860 <br /> olpd @pequotlakes-mn.gov = 4638 County Road 11 cityhall @pequotlakes-mn.gov <br /> �,. Pequot Lakes, MN 56472 <br /> www.pequotlakes-mn.gov <br /> Subject: Proposed Maintenance Replacement Fee for Water meters. <br /> Current billed accounts: 396 <br /> Current residential accounts: 282 <br /> Current commercial accounts: 114 <br /> 92%represent the 5/8"water meters totaling 364 meters <br /> 8%represent 1"or larger meters. <br /> Presently there are: 15— 1"water meters <br /> 7— 1 '/2"water meters <br /> 9—2"water meters <br /> 1 —3"water meter <br /> Present day costs to include the automatic reading system (MXU): 5/8"— $240.00 <br /> 1"— $300.00 <br /> 1'/2"— $469.00 <br /> 2"— $751.00 <br /> 3"— $ 985.00 <br /> Example: 5/8"meters will cost$312.00 in ten yrs. at a 3%increase per year <br /> 2"meters will cost $976.00 in ten yrs. at a 3% ... <br /> In review of the proposed rate study structure for meter replacement, I feel these costs are <br /> not excessive for the 5/8"meters at$2.00 per month with a 3%added increase per year. <br /> To cover the costs for the multi-family and commercial usage meters, I feel a split cost for <br /> both entities would be fair at$3.25 with a 3%added increase per year. <br />