Palmer Lake raises water rates

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From The Tri-Lakes Tribune (Lisa Collacott):

On Dec. 3, the Palmer Lake Town council voted to increase water rates beginning in January. The basic rate will increase from $33.53 to $40.07. The increase is needed to fund the new water plant. There will be an $11.51 increase per tap per month. An additional $6.54 will be added to maintain a three-month reserve. The state has required the Town of Palmer Lake to create an emergency fund with the $6.54 that is collected. At the end of 2010 the $6.54 will be taken off the bill. The $11.51 will stay until the loan is paid off, which will be in 20 years.

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