Laserfiche WebLink
<br />. <br /> <br />FHA Loan <br />CWCB Construction Fund <br />Total Project Cost <br /> <br />Annual Expenses <br />FHA Debt Service (5% - 40 yrs.) <br />CWCB Charges (1% - 30 yrs.) <br />Operation and Maintenance (Initial) <br />Total Annual Expenses <br /> <br />Annual Income <br />5 Mill Tax Levy ($292,700 - 1973) <br />55 taps @ $12 per month <br />50 taps @ $15 per month <br />Total Annual Income <br /> <br />$160,660 <br /> 160,660 <br />$321,320 <br />$ 9,420 <br /> 6,225 <br /> 5,450 <br />$ 21,095 <br />$ 1,460 <br /> 7,920 <br />$ 9,000 <br />18,380 <br /> <br />As can be seen from this budget, the monthly charge would be $15 <br />for permanent residents and $12 for seasonal residents. Under this <br />plan the project would be constructed by the Colorado Water Conservation <br />Board and a charge would be made to water users over a thirty-year <br />period sufficient to return the state's investment of $160,660. The <br />state would actually own the system or a portion thereof until the <br />state's investment has been returned in full. <br /> <br />This budget contains a deficit of almost $3,000 per year for the <br />first few years, but would be gradulally eliminated by the addition of <br />new taps. The anticipated operating deficit in the early years would <br />be made up from a contingency fund. This fund would be established <br />from the proceeds of a $200 fee per each tap. <br />After issuance of the project report, other potential methods of <br />financing were explored with a view of reducing the monthly water charge <br />and creating a better contingency fund. As a result of this further <br />exploration, it now appears that it may be possible to secure a federal <br />grant of $190,000, along with a loan from the Farmers Home Administra- <br />tion. The project budget based upon this proposal would be as follows: <br /> <br />. <br /> <br />-5- <br />