Property owners, ratepayers and other interested parties in or served or to be served by the waterworks of the Town of Hope ("Town") are hereby notified that Ordinance No. 2018 - 02, establishing rates and charges for services to be rendered by the waterworks, will be introduced at a meeting of the Town Council to be held on July 17, 2018. The Ordinance will amend the final phase of a two-phase rate adjustment originally approved pursuant to the adoption of Ordinance 2015-04 on September 21, 2015. The Town Council will hold a Public Hearing at 5:30 p.m., on July 17, 2018, in the Town Hall on the matter of the proposed amended rates and charges. Adoption of Ordinance No. 2018 - 02 would provide for an overall 10% reduction in the Phase Two rates originally approved pursuant to Ordinance No. 2015-04, as follows:

The revised final Phase 2 rates will become effective upon adoption of the ordinance. The proposed overall rate reduction is due to the 2015 capital improvement project receiving a $925,000 grant from the Indiana Finance Authority’s State Revolving Fund (SRF) Drinking Water Program, in addition to a $550,000 OCRA grant that had already been contemplated. The proposed revised rates result in an overall decrease of approximately 10%, as compared with the Phase Two rates adopted in 2015. The proposed rates represent an increase of approximately $.91 per 1,000 gallons due to the cost of purchasing water from the Town’s wholesale supplier plus an 8.5% across-the-board increase over the Phase One rates adopted back in 2015.