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Informational Letter to Residents of Fernley
June 1, 2012
To: Residents of Fernley
Re: New Water Bond Fee
After several months of workshops and public meetings, on May 16, 2012, City Council voted to
implement a new Water Bond Debt Fee to be collected from customers who currently have
access to City water service and customers who have a reservation to hook‐up to City water
service. The new fee replaces the $18 assessment that was charged during Fiscal Year 2011‐
2012 and the old $18 assessment will expire in June 2012.
The new Water Bond Debt Fee will be calculated annually based on a formula approved by City
Council. This year the fee for a ¾ inch residential customer will be $31.10 per month.
Customers with larger meters will pay more based on the capacity of the meter, as shown in the
Meter Size Monthly Fee
1 1/2" $103.53
Will‐Serve Lots $18.65
The new Water Bond Debt Fee will be collected through the Lyon County property tax
statements. The fee will no longer be collected as part of your monthly utility bill. Even though
the fee will be collected as part of the Lyon County Property Tax statements, the fee will not be
charged to all property owners within the City limits. The fee will only be collected from those
who have access to City water service or a reservation to hook‐up to City water service.
Every year until the bond is repaid, the fee will be recalculated based on the formula approved
by City Council, which includes the annual projected shortfall in the water budget, and the total
number of customers with existing or requested City water service. We believe that the fee
should remain the same or be reduced every year going forward from this year.
If you have any questions about the fee, please fee free to contact the City Manager’s office at
email@example.com or 784‐9800. If you have questions about how this new fee might
affect your mortgage escrow account, please contact your lending institution directly.