Laserfiche WebLink
<br />B:I/r b <br /> <br />1989 Rate Increase <br /> <br />Potenti.3.1 r'e'v'enUE s.hof,tf:;.11 <br /> <br />$3500 estimated f.evenue from sale of 1 water tap may not <br />be real ized. Revenue from other sources is needed to <br />CO\ier' th i ':=.. <br /> <br />Potentia-.l e::<cess. expendi ture':.: <br /> <br />Grant project overruns because of low bid on project being <br />siqnificantly hioher than or-ant funds. Low bid came in at <br />-:1:.18:=:,000. Gr'~nt.,""l oa-.n funch:.- BTE' 't.l€k. ,OCiO. E:oar.d amended the <br />plan considerably by scaling down the amount of water main <br />in"=.t3.11ed .3.nd ':.ubcontr'acting cer.tain IAlor.k to a. ioe":'.l <br />contractor. Contract and other expenditures are now <br />es.tim.~.ted to be $1~3,OOe, r-e":.ulting in ;r. '$.2~3,(1t10 <br />'shor.tfa..l1 <br /> <br />Las.t ::/ear' the 8oa.rd a.l~reed to re'......i.::.e the 1 ine':. -for' <br />approximately 7 residences that freeze during the winter due <br />to water main routing. As a cost cutting measure we <br />connected to e.n e}(i<=.tin'~ 1 ine th.=..t V..I.;',S not 'v'er:/ deep. This <br />last winter the main froz~ leaving homes without water <br />again. The District incurred $650 for thawing by an outside <br />contr'.;.,ctor' .3.';;. l}.Jell .3.;. tAI.3.ter- oper'a.tc'r' '::.a.l.3.r",,,, CO'::.t.::.. <br />Contractor charge to install 6 inch water main~ 5 feet deep <br />(.3.ppr'ox. l,~l10 feet) i-=:. '~.U::~000. Thi.::. doe'::. not include the <br />cost of connecting each home to the nEW main. <br /> <br />Summary of funds needed............... ..... <br />1989 budget included $10,000 for potential cost overruns O~ the <br />l;lf',3.nt. Thu'::. ,*.1~3,000 i':;. in the eXl-:.tlng budget. Additiona.l c.;'.':.h <br />needed to fund impro~ements is $29,700. <br /> <br />$.20~000 <br />1:::,0f1(1 <br />~:, 500 <br />( 1 [1,13[113) <br />< 1! ::a1 Fl) <br />'$2'7' , 70 [1 <br /> <br />l~rant pr'oject <br />n El/,1 ma. in <br />unrealized revenue~ sale of tap <br />funds already budgeted for grant cost overruns <br />Fire District contribution~ 50% cost of fire hydrants <br />ca,-::.h needed in 19::':':;:' <br /> <br />~/ <br />~ ) '71 <br />/I <br /> <br />------- <br />------- <br /> <br />$.:30,00El 10a.n fr'om Green l"'lounta.in E:a.ld< .~.t 1~:.5;'< interest for 15 <br />::/ear":;. l,.'Ji 11 r'equ i r.e mon th 1 :,.., p2.~:/men t of $.~:'7'O. A 10 >..'ea.r' 102.n i.....Ii 11 <br />~equire a monthly payment of $457. <br /> <br />According to State Div. of Local Affairs~ it would cost a minimum <br /> <br />of $5,000 to issue bonds. <br /> <br />It is not practical at this time. <br /> <br />Ea.c h '*- 1 per <br />ad,ji ti on.?.l <br /> <br />month increase will <br />r. e'v'en u e . <br /> <br />r'e-::.u 1 tin '$.115 per' <br /> <br />moni:h <br /> <br /> <br />Raising monthly water rates by $4 would resul t in $466 oer month <br />r.evenue. <br />