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WATER RATE INCREASE EFFECTIVE JULY 1, 2017, Tier 1 Rate increase from $0.51/cf to $0.68/cf Tier 2 Rate increase from $1.33/cf to at cost price (currently $1.78/cf) New Tier 3 rate for those that use

How to fill out tier 1 rate increase

How to fill out tier 1 rate increase

1. To fill out tier 1 rate increase, follow these points:
2. Gather all necessary information about the current rates and the proposed rate increase.
3. Determine the reasoning behind the rate increase and document it.
4. Review any legal or regulatory requirements for rate increases in your industry.
5. Calculate the new rates based on the proposed increase.
6. Prepare a written explanation of the rate increase, providing details about the benefits or changes that justify it.
7. Notify relevant stakeholders and customers about the rate increase, ensuring clear communication of the reasons and impact.
8. Update any applicable documents or contracts that mention the rates to reflect the new rates.
9. Monitor customer feedback and address any concerns or complaints regarding the rate increase.
10. Keep accurate records of the rate increase process for future reference and auditing purposes.

Who needs tier 1 rate increase?

1. Tier 1 rate increase may be needed by industries or businesses that are experiencing rising costs, increased demand, or need to adjust their pricing structure.
2. Some examples of who may need tier 1 rate increase include:
3. - Utility companies facing higher production or distribution costs.
4. - Service providers adapting to inflation and market changes.
5. - Subscription-based businesses striving to meet increased demand while maintaining profitability.
6. - Government agencies or organizations required to periodically review and adjust rates.
7. - Organizations facing changes in regulations or industry standards that impact their pricing.
8. Ultimately, any business or organization that has a legitimate need to adjust their rates can consider implementing a tier 1 rate increase.

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