City Council Work Session — Utility Rate Study and Financial Analysis (March 24, 2026)
At a glance
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Council reviewed a 10-year utility rate study (through 2035, 4% inflation) presented by HDR that identified a large funding gap in the water utility and sustainable positions for sewer and stormwater. Council reached consensus to maintain the current rate structure with proportional increases, support transparency and conservation incentives, and directed further analysis of multifamily and commercial usage. Staff will provide a detailed presentation at the August KFS Utility Rates Work Session, with additional sessions possible.
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Key decisions
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- Council consensus to maintain the current rate structure with proportional increases.
- Council supports transparency and conservation incentives in any rate adjustments.
- Council requested further analysis of multifamily and commercial usage to enhance equity and to consider separate infrastructure charges.
- Staff to present a detailed utility rates presentation at the August KFS Utility Rates Work Session; additional sessions may be scheduled as needed.
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Meeting information
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City Council Work Session
Agenda
- 1. Call to Order
- 2. Item Discussion
- a. Utility Rate Study and Financial Analysis for Infrastructure Renewal Planning1A. Executive Summary 1B. Historical Context | attachments=1 | reports=1Decision: Item Discussion
- 3. Adjournment
Documents from this meeting
- Agendahttps://richfieldmn.api.civicclerk.com/v1/Meetings/GetMeetingFileStream(fileId=5449,plainText=false)
- Packethttps://richfieldmn.api.civicclerk.com/v1/Meetings/GetMeetingFileStream(fileId=5450,plainText=false)
- Minuteshttps://richfieldmn.api.civicclerk.com/v1/Meetings/GetMeetingFileStream(fileId=5527,plainText=false)
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