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| Description: The example below is for a residential property of average property size (387 m2 or 4,200 sq. ft. in Tier 3) and average yearly water use (246 m3). It shows a comparison of yearly costs based on the current approach (stormwater management included in the water rate) and under the proposal for a stormwater charge and a reduced water rate (25% reduction). Current: stormwater management included Proposed: stormwater charge + in the water rate reduced water rate Yearly water consumption cost: $1,223 Yearly water consumption cost: $917 Vearly stormwater charge (Residential Tier 3): $369 Total yearly cost: $1,223 Total yearly cost: $1,236 Vearly cost difference is a $63 increase
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