Agenda for Regular Meeting

Synopsis: This Ordinance is being presented by the Administration for Council’s review and approval. If approved, Council is authorizing a 12% increase in the City’s water and sewer rate and an 11% increase in stormwater fees. The weighted average of the increase for water, sewer and stormwater is 11.9%. This rate increase is part of a multiple year plan to stabilize and strengthen the City’s Water, Sewer and Stormwater Fund, to provide sufficient resources for new or existing infrastructure needs as well as improvements to and maintenance of the water and sewer systems. If approved, this increase would become effective on July 1, 2013. The monthly increase for a residential property owner is approximately an additional $5.00 per month based on the monthly use of 15,000 gallons of water.

Synopsis:This Ordinance is being presented by the Administration for Council’s review and approval. If approved, Council would be authorizing no increase in the City’s current property tax rate of $1.7670 per $100 of assessed value of a property. With the approval of this Ordinance, it will mark the third consecutive fiscal year that Wilmington’s property tax rates have not been increased

Synopsis: This is a Substitute Ordinance for Council’s review and approval. If approved, Council would be authorizing a six-year capital budget plan for the City. The Capital Budget is funded through the issuance of general obligation bonds with a resulting debt service obligation on the part of the City requiring cash payments over a particular period of time to repay the interest and principal on a debt. Items funded in capital budgets often include repair, renovation and construction of facilities, infrastructure, streets, etc. The FY 2014 – FY 2019 Capital Program and Budget document, reflecting the action taken at the May 13^thFinance Committee to delete the Land Acquisition and Site Improvements project located under the Mayor’s Office, per Substitute No. 1 to Ordinances 13-011 and 13-012.  The Substitute Ordinance deletes $2 million from the FY 2014 Budget year and $2 million from the out years, resulting in a reduction of $4,120,000 for the six-year program due to the savings from the associated finance costs ($120,000). The project deletion does not affect the 5% for Art allocation. The revised Budget is $71,721,000. The revised five out years add $147,286,000, bringing the revised six-year Program to $219,007,000. 

Synopsis: This is a Substitute Ordinance for Council’s review and approval. If approved, Council would be authorizing an FY 2014 Capital Budget plan for the City. The Substitute Ordinance deletes $2 million from the FY 2014 Budget year. The Capital Budget is funded through the issuance of general obligation bonds with a resulting debt service obligation on the part of the City requiring yearly cash payments over a particular period of time to repay the interest and principal on a debt. Items funded in capital budgets often include repair, renovation and construction of facilities, infrastructure, streets, etc.

Synopsis: This is a Substitute Ordinance for Council’s review and approval. If approved, Council would be authorizing an approximate $145 million General Operating Budget consisting of revenue projections and appropriations to fund various expenditures such as employees salaries and benefits and City programs and services such as police, fire, public works, license and inspections, trash collections, etc. The new budget become effective on July 1, 2013 and expires on June 30, 2014.