Water Authority reduces rates in parts of Vail Valley | VailDaily.com

Water Authority reduces rates in parts of Vail Valley

Vail Daily staff reportnewsroom@vaildaily.comVail, CO Colorado

VAIL VALLEY, Colorado – Customers who receive water service from the Upper Eagle Regional Water Authority will notice a decrease in their monthly water service rates when they open their bills this week. The authority’s board of directors last month approved a 19 percent decrease in the “debt service rate.” The new monthly rate of $3.16 per single-family equivalent is down from $3.91. A single-family equivalent is a generic Residential Unit, the use of which is estimated to have an impact upon the water system equal to that of the average single family, or 2.3 persons.The authority provides water service to the metropolitan districts of Arrowhead, Beaver Creek, Berry Creek, Eagle-Vail and Edwards; the town of Avon; and Cordillera and Bachelor Gulch. The debt service rate was implemented in January to fund payments on bonds the authority used to upgrade its water system. “When each of the Authority’s six members consented to the new rate, we promised to not charge more than the actual cost to repay the bonds,” said authority chair Doris Dewton. “The total cost of issuing the bonds was less than initial projections so it was important to pass those cost savings on to every Authority customer.”For more information on water service rates, contact the Eagle River Water & Sanitation District Customer Service department at 970-477-5451.

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