Dear Tenants,
Each year since 2004, we have been
charged by the City Council with the responsibility of reviewing slip
rates and suggesting an increase in line with increases in the CPI.
We have done our best to keep these increases to a minimum, usually
suggesting increases well under the CPI and City Council has accepted
our recommendations. The last increase was in 2008. In 2010, we
actually had a small decrease as the CPI decreased. Last year City
Council went along with our recommendation of no increase. After
absorbing the increase in operating expenses for the last three
years, we find that we need to raise our prices to help cover the
rising cost of operating the marinas. The CPI increase from June
2010 to June 2011 was 3.6%. We asked for only 2.6% and the counsel
agreed. The new rates will go into effect October 1. A new rate
sheet is on the back of this letter for your information. Please
adjust your payments accordingly with your October remittance.
Also please be aware that the time for
prepayment is now. If you pay for the whole year before October
10th, you will receive an 8.33% discount that is equal to
a free month. You pay for eleven months, get one free. We only do
this at the time the October slip rental is due as it coincides with
our fiscal year and simplifies the bookkeeping. If you have any
questions or want to know the exact amount of your prepay, please
call Diana at 872 7272. |
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