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Central Weld in the past, but the Town is currently constructing a 1.5 Million Gallon water storage tank. c) Description of the Project. Firestone's current rate structure is as follows: Table 3 - Current Rate Structure Rate for Water Included Additional Water Add itional in Base Rate Beyond Base Water per 1,000 Tap Size Base Rate (gal) (gal) gal 5/8" $22.75 5,000 5,001-15,000 $1.50 15,001-20,000 $1.75 above 20,000 $2.25 3/4" $34.25 7,000 7,001-15,000 $1.50 15,001-20,000 $1.75 above 20,000 $2.25 1" $57.00 12,000 above 12,000 $1.75 1.5" $136.50 30,000 above 30,000 $1.75 2" $227.50 50,000 above 50,000 $1.75 3" $524.75 115,000 above 115,000 $1.75 4" $932.00 204,000 above 204,000 $1.75 6" $2,095.50 460,000 above 460,000 $1.75 Firestone has never completed a formal rate study. As can be seen, their current rate structure does not encourage water conservation. Firestone would like to study their current cost of service, anticipated project needs, and water conservation goals to establish new rates appropriate for the Town. The objective of the rate study is to determine water rates for all customer categories based on cost-of-service standards contained in AWWA Manual M1. The Base-Extra Capacity cost allocation methodology will be utilized. Rates will be developed to insure revenues are adequate to fund existing and anticipated water enterprise expenditures. As recommended in the recently completed 2007 Firestone Water Conservation Plan, alternative rates that encourage conservation will be developed and presented for consideration by the staff and Town Board. Rate-making principles and alternative rate structures will be presented to the Town Board. We will propose a maximum to three rate structures with one identified as the preferred alternative. The tasks associated with the Project include: @ Clear Water Solutions, Inc. Town of Firestone CWCB Water Efficiency Grant Application ':