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<br />. <br /> <br />. <br /> <br />The projection also indicates that the average residential water bill will increase from <br />about $20 per month to about $25 per month, or about 25 percent. The District's water <br />rates have not been adjusted since 1984. <br /> <br />Conclusions <br /> <br />The following summarizes CWCB staff conclusions with respect to the Plateau Creek <br />Pipeline Replacement Project based on the most current information available: <br /> <br />1. The District's preferred alternative from the Environmental hnpact Statement, <br />Alternative A, is capable of meeting the project objective of replacing the existing <br />pipeline with a facility having sufficient capacity to meet projected year 2045 peak <br />demands, It has the lowest life cycle cost and the least cost per acre-foot of the three <br />alternatives, which meet the project purpose. The District has adequate water rights <br />for operation of the project. <br /> <br />2. The overall environmental impact of the project is relatively low and most impacts <br />can be minimized or mitigated, Depletions to the Fifteen-Mile Reach of the Colorado <br />River will be offset by the Reasonable and Prudent Alternative developed in the <br />Section 7 consultation process. <br /> <br />3. The District's current financial condition is strong based on the indicators in Table 5. <br />The 35-year financial projections prepared by the District staff indicaIe that debt <br />service coverage will be adequate for the entire period of debt retirement on all <br />Construction Fund loans. Expenditures are projected to exceed revenues for several <br />years during the period of debt retirement but it does not appear as if financial <br />reserves will be drawn down to a level that would lead to concern. <br /> <br />4. The District's financial projections assume a rate increase, or series of rate increases, <br />in the next several years such that the average residential water bill will increase from <br />about $20 to $25 per month. This appears reasonable relative to the rates of other <br />water providers in the state and indicates that the proposed project is economically <br />feasible in terms of the impact on residential water users, <br /> <br />No action is requested of the Board for this agenda item. <br /> <br />Cc: Larry Clever, Ute WCD <br />Linda Bassi, AGO <br /> <br />Attachments <br /> <br />6 <br /> <br />., <br /> <br />. <br /> <br />. <br /> <br />. <br />