The Denver Board of Water Commissioners (Denver Water Board) adopted water rates for 2013 including a 4.7% increase for all Master Meter Distributors effective with billings on and after January 1, 2013. The Consolidated Mutual Water Company (Consolidated) is a Master Meter Distributor of the Denver Water Board and will continually strive to keep its rates as low as possible despite rate increases adopted by the Denver Water Board.
The Company's water rates are set as low as good service will permit, but sufficient to pay for operation, maintenance, debt service, depreciation, insurance, taxes, and the development of reserves for capital improvements. Effective with all billings on and after February 1, 2013, the rate charged for all water delivered will remain increase to $4.40 per thousand gallons (previous rate was $4.30) and all billings shall also include a bi-monthly fixed customer service charge which will remain unchanged based upon meter size in accordance with the following schedule (previous rates are shown in parentheses for making comparisons):
| Meter Size | Bi-Monthly Customer Fixed Service Charge |
Minimum Shares Required |
|
| Current | (Previous) | ||
|
5/8" Displacement |
$31.50 |
($31.50) |
5 |
|
3/4" Displacement |
39.00 |
(39.00) |
5 |
|
1" Displacement |
54.00 |
(54.00) |
10 |
|
1-1/2" Displacement |
91.50 |
(91.50) |
15 |
|
2" Compound |
136.50 |
(136.50) |
25 |
|
2" Turbine |
166.50 |
(166.50) |
30 |
|
3" Compound |
256.50 |
(256.50) |
50 |
|
3" Turbine |
354.00 |
(354.00) |
65 |
|
4" Compound |
391.50 |
(391.50) |
75 |
|
4" Turbine |
954.00 |
(954.00) |
180 |
|
6" Compound |
766.50 |
(766.50) |
145 |
No combination or aggregation of charges for service to a customer through two or more meters shall be made.
FIRE LINE CONNECTION BILLING SCHEDULE
(Effective February 1, 2013)
Effective with all billings on and after February 1, 2013, the bi-monthly customer fixed service charges for fire line connections shall be in accordance with the following schedule (previous rates are shown in parentheses for making comparisons):
| Fire Line Connection Bi-Monthly Customer Fixed Service Charges |
||
| Size | Current | (Previous) |
| 2" | $40.00 | ($35.00) |
| 3" | 50.00 | (45.00) |
| 4" | 60.00 | (55.00) |
| 6" | 70.00 | (65.00) |
| 8" | 90.00 | (85.00) |
| 10" | 110.00 | (105.00) |
| 12" or Larger | 130.00 | (125.00) |
SHARE COST FOR NEW STOCKHOLDERS - USERS
The Board of Directors has established the selling price of capital stock to assure that much of the cost of new water resource development is passed on to new customers creating the demand. Effective February 1, 2013, the stated selling price of capital stock is $2,400 per share (previously $2,200), or $12,000 per five-share unit (previously $11,000).
Effective February 1, 2009, new taps on the Maple Grove Water Supply System will be assessed a Water Development Fee of $1,800 per share (previously $1,300), or $9,000 per five-share unit (previously $6,500).
Shares purchased prior to February 1, 2013 for all taps sold on the Denver and MapleGrove Systems must be activated on or before February 1, 2014 or the difference in cost of said shares between the February 1, 2012 and February 1,2013 selling prices will be assessed to the respective taps. Evidence of tap activation may also include receipt of an issued building permit by the appropiate municipal jurisdiction.