According to the report, the consultant is recommending a 6% increase in what property owners pay monthly (on FKAA water bills) based on water consumption, to cover the shortfall in wastewater operating expenses currently experienced.  

A $4.61 increase monthly is projected for typical household (per EDU) or $55.32/year.

Over $38 million is needed for capital projects for repairs and upgrades to the wastewater system. Over $17 million is expected to be available via grants.  Another $17 million will need to be borrowed, creating an additional annual debt repayment cost of over $1 million/year.

Little statistical information was provided in the study presented regarding the number and distribution of EDUs as was expected to be reviewed. Raftelis simply indicated during the discussion that they found no irregularities that would have indicated a need to address EDU distribution.

Key Largo Versus Islamorada Costs

For several years there has been discussion about turning our wastewater operations over to the Key Largo Wastewater Treatment District, (if they would take Islamorada).  

We found the cost comparison in the Raftelis Rate Study related to typical monthly customer costs reflected on FKAA water bills interesting.