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Knoxville Considers Water Rate Increase
It was a short agenda for the first meeting of the year for the Knoxville City Council with just three new items up for discussion.

One of the items on the agenda was the possibility of raising water rates a dollar in order to pay for some water improvement projects.

City Engineer Kevan Cooper explained when the City would be responsible for repaying the loans for the project.

"Timeline-wise, if the council were to proceed with the water meter project -- and that loan [application] is still in the pipeline -- you would not have to make your first payment on that, probably, until the end of 2014," Cooper said. "The new 2,000 gallon ground tank and painting the south [water] tower -- that is scheduled to begin construction this spring as soon as weather permits. You'd be looking at making your first payment on that project in early 2014."

With that information City Treasurer Jim Whitney asked the board if it would be possible to use the money they have in their Capital Improvement fund explaining there was $400,000 in the fund.

Whitney explained that the City has money in a few funds that could help pay back the loans for the water projects and could possibly mean the water rate wouldn't have to be raised as high as a dollar.

The Council didn't make any decision to move the water rate increase to second reading but instead decided to come back to it after they gather more information.
01 07 13 by Newsroom
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