Details on how to fund the Village of Minooka’s $20 million stake in the Grand Prairie Water Commission that would bring Lake Michigan water to the city were reviewed by trustees at a committee of the entire workshop held last week.
Village administrator Dan Duffy says a phased water rate increase to $13.00 per 1,000 gallons may be in order by 2030, but other factors could come into play.
Minooka had engaged the services of Ehlers Inc. to conduct a water rate study to help determine how the village can generate its local share of funding to fund plans for an alternative water source. The analysis told officials that the village was losing money on water supply operations.
Duffy says that’s when the village council decided to raise water rates last year. The average water user currently pays the village $5.25 per 1,000 gallons, officials said. Duffy says the village’s water rates should remain competitive with neighboring communities, even with expected annual increases in the future.
Duffy explains where the $20 million in funding would go.
Duffy says trustees are still working out the details of a financial plan for the regional water commission, but more information will be presented at an upcoming meeting. The Grand Prairie Water Commission is made up of the communities of Minooka, Joliet, Channahon, Crest Hill, Shorewood and Romeoville.