Village of Oak Park Finance Committee Meeting Minutes
The committee reviewed an update on the Lead Service Line Replacement Plan, focusing on compliance timelines, infrastructure cost estimates, and state funding implications. Additionally, the committee discussed the 2027-2031 Water and Sewer Rate Study, examining potential rate adjustments, fixed versus volumetric rate structures, and the feasibility of tiered usage models for different customer types, including municipal entities. Public commentary regarding the financial impact of proposed water rate increases and strategies for lead service line replacement funding was also received.