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Water Rate Modernization <br /> Tiered Water Rate Industry Benchmarks, <br /> • Cost of service principles can mr!"nwill l <br /> support offering a lower rate Block 1 0 - 30 $2.73 <br /> Block 2 31 - 5,000 $2.45 -10% <br /> Block 3, 5,001 + $1.29 -53% <br /> • We must remain competitive to <br /> support Lakewood businesses Bliock 1 0 -20 $3.00 <br /> and attract new ones Bhock 2 21 -600 $2.52 -16% <br /> Bhock 3 6,01 + $2.25 -25% <br /> • Proposed tier $8.26 per one Norm.7-T.M. 11 <br /> hundred cubic feet of water Bhock 1 0 - 1,600 $3.02 <br /> and all over 2,500 ccf per Bliock 2 1,600 + $1.68 -44% <br /> month shall cost $4.13 <br />