The debt service increase will cost residential customers an additional $6 per quarter, or $24 per year. Residents have been paying $10 per quarter since the board approved that debt service fee in January. That number will jump to $16 per quarter in 2012, a 60 percent increase in debt service costs.
There will be no increase in water rates. The rates will go into effect with the April 15 sewer bill, according to Township Clerk Carolyn Boersma.
The $5 million improvement project included 30 lift station overhauls and new generators for added reliability, according to Township Manager Gordon Gallagher. The project was funded in part by a $1.2 million grant and a low interest loan that costs the township nearly $200,000 per year.
Residential and commercial sewer rates currently pay about $120,000 toward sewer debt. The revised rates will be more in line with the $193,000 needed, according to Gallagher.
To read more of this story, see today's edition of the Grand Haven Tribune.