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Financial Services
The City of Sheboygan, Wisconsin, wanted to provide amenities to attract development to the City, while shielding current residents from the cost of new development. Ruekert & Mielke recommended impact fees to fund park facilities and prepared an impact fee study. Sheboygan implemented its first impact fees to fund $760,000 of capital costs for the park and recreation trail.
The Racine Water Utility needed to increase water rates to meet increasing operation and maintenance costs, depreciation, and property tax equivalent payments. Ruekert & Mielke applied to the Wisconsin Public Service Commission and prepared a water rate study, supported by the PSC. Submitting its own rate study allowed Racine more control over the new water rate agreements, allowing it to increase revenue by $1.5 million, while keeping water rates competitive, and reducing fees to the City of Racine for water utilized for fire protection.
The City of Hudson and Village of North Hudson share their water and sanitary sewer systems. The Village and City own different parts of both systems. Bogged down with unclear and outdated intermunicipal agreements, they needed a way to resolve questions over the funding, repair, and operation of the water and sanitary sewer systems.
The City of Franklin, Wisconsin, had a $13 million-dollar goal to supply new growth to parks and trails through 2030. Ruekert & Mielke prepared an impact fee study for Franklin including: updating service-level standards, development, and capital cost forecasts. The revised impact fees will allow Franklin to acquire and develop 252 acres of new parks, and five miles of new trails.
