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<br />tl <br /> <br />gallons per household.) Operation and maintenance expenses for the new well system are <br />expected to be much less than for the existing system, because pump replacement will not be <br />required every 3 years. <br /> <br />Table 1 is a summary of the financial aspects of the project. Annual SHWSD water/sewer <br />billings are currently $ 81,534. The District will increase annual billings to $ with a <br />Construction Fund Small project loan of $100,000. This represents an annual water bill increase <br />of $_ per household, or about $ _ per month. <br /> <br />Table 1. Silver Heights Water and sanitation District <br /> <br />Project Cost $342,400 <br />Loan Amount (75% of Project Cost) $100,000 <br />CWCB Loan Payment Amount $ 8,024 <br />Number of Homes 111 <br />Current SHWSD monthly water fee $ <br />Future SHWSD monthly water fee $- <br />Annual Project Cost per acre-foot (Annual diversions: 80 acre-feet) $100.30 <br /> <br />As mentioned above, water is used for municipal purposes. The SHWSD is located in Douglas <br />County, just north of the Town of Castle Rock. <br /> <br />The SHWSD is subject to Amendment One and has not established an enterprise. Amendment <br />One issues will need to be resolved as a condition of loan approval. <br /> <br />As security for the loan the SHWSD will pledge assignment of income from water sales, and <br />other collateral to be determined. <br /> <br />Recommendation <br /> <br />Project not recommended - see memo to the file of April 2, 1999. <br /> <br />Cc: Richard T. Rasmussen, Silver Heights WSD <br />Tom Hatton, Hatton Water Consultants Inc <br />Linda Bassi, AGO <br /> <br />4 <br />