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<br />0. . C' <br /> <br />pumping and transmission facilities to convey the raw water to <br /> <br />the existing treatment plant. The estimated cost of the project <br /> <br />is $3,290,000. <br /> <br />CONCLUSION AND RECOMMENDATIONS <br />---- <br /> <br />At the current populat ion level, ex ist ing raw water storage <br /> <br />facilities can provide just enough water to users in a normal <br /> <br />year. If a dry year occurs, the town could not meet the normal <br /> <br />water demands of the users. The new storage reservoir would <br /> <br />alle,iate this problem. <br /> <br />The town has a limited financial capability for water system <br /> <br />improvements of this magnitude. The recommended funding for this <br /> <br />project is as follows: <br /> <br />Town of Erie (Revenue bonds) <br /> <br />$1,645,000 <br /> <br />State Funds (to be repaid by water <br /> <br />users fees) <br /> <br />1,645,000 <br /> <br />Total <br /> <br />$3,290,000 <br /> <br />Under this financing drrangement, charges would be levied by th~ <br /> <br />Stdte at the rate of $ 107,007 per year for 30 years for a total <br /> <br />repayment of $3,210,210. The average water charge is $25 per <br /> <br />month no>>. With th is project, it is dnt icipated the a\erage <br /> <br />monthly charge will increase to $32 by about 1955. <br /> <br />.3- <br />