Southwest - Goodman Point Phase II_Application

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Proiect Detail The Median Household Income of Goodman Point residents is $36,435 (below the RD defined state poverty level of $39,834). For this reason, as well as the great distance between residences at Goodman Point, it is very important to the success of the project that a substantial portion of the project be in the form of grants. The Preliminary Engineering Report estimates the project cost to be approximately $2,032,580. GPW A has tentative funding approval from Rural Development for $1,522,580 via grant, and $250,000 via loan, for a total of $1,772,580. Based on RD's rules and regulations, this loan amount is the maximum amount allowable for GPW A. This leaves $260,000, or 12.8% of the project cost to fund the project. With the tap and installation fee of $5,700, and each tap subscriber also responsible for $7,575 in loan principal, the responsibility of GPW A members is $13,275 per tap. This is much higher than the state average for acquiring a domestic water tap. However, we are committed to this project and this cost. GPW A asks that the Southwestern BRT approve this request, so that it can compete at the state level on its own merits. Considering the monthly loan amortization cost of $46.50 to tap subscribers, and a projected average monthly water bill from Montezuma Water Company of $40.55, plus a monthly GPW A assessment of approximately $10.00, the monthly cost of water per tap will be about $97.00. (GPWA fees are primarily to cover insurance requirements and routine administrative costs). The only source of income to GPW A is via assessments on the membership. GPW A will receive no income from Montezuma Water Company. In the fall of 2006, the GPW A Board commissioned an Environmental Report and Preliminary Engineering Report. These completed reports were funded by Rural Development, Southwestern 1177 BRT, and the Southwestern Water Conservation District. The reports cost $30,400. These reports (and grant application) are available on-line and can be downloaded and printed for study and review. It is recommended that these reports be reviewed in conj unction with the grant request as a substantial amount of the information requested in the grant is contained in the ER and PER (the Archeological Report is considered part of the ER). Go to: np:/ /mail. briliamengineering.com/client/ User name: Ftpclient Password is: brili@ml (the last digit is a "one", not an "L") The construction project will tie into two of Montezuma Water Company's 4" lines that terminate to the North and East of the Goodman Point area. MWC lines have sufficient volume and pressure to accommodate a 9.6-mile expansion of 4" line, called for in the project. Full capacity of the project will accommodate 100 taps. Goodmalll'oillt /Vater Associatioll Gralll Applicati!JIl SlImm!ll:F