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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />4. Why cannot the project be funded locally? What other funding alternatives have been <br />explored? Did the applicant jurisdiction take the full property tax revenue increase in <br />the current budget year? Yes_ NoL <br /> <br />The City of Cripple Creek does not have any cash reserves to accomplish these projects. <br />As previously indicated in this application, the carry forward from 1990 to the 1991 <br />budget was budgeted at $30,000. Total debt service to be supported by the water and <br />sewer fund during 1991 will be $45,858. Because of the present level of debt service, <br />the City does not feel that it can incur additional conventional debt in the utility <br />systems. <br /> <br />Although the City may realize revenue not presently expected at this time from the <br />proceeds of gaming within the City limits, neither the amounts nor time of receipt of <br />those monies are known. The need to provide the benefits of this project will definitely <br />precede the receipt of any monies the City may receive from gaming revenues. It is <br />likely that the annual revenues received by the City will not be as great as the costs of <br />the project proposed herein. The benefits to be received by the completion of this <br />project (transmission line and water storage tank) are shared by all customers of the <br />City. The provision of the water storage tank is not solely as a result of expected <br />construction for economic development resulting from licensing of gaming <br />establishments. The dependable water supply to be had from the construction of the <br />water transmission line and the water storage tank are requirements of all customers of <br />the water system, 65.4 percent of which are low and moderate income individuals. <br /> <br />5. In the space provided, describe local commitment to the project, including local fees or <br />regulations altered to ensure project success, local taxing efforts to address continuing <br />development and maintenance needs, and local citizen support. <br /> <br />The City of Cripple Creek revised its water and sewer user charges in December 1990. <br />The change in user charges was a $4-per-month increase for residential and commercial <br />unmetered customers, from $10 per month to $14 per month. Metered water customers <br />received a rate increase from $15 to $19 per month for the first 10,000 gallons. The <br />City is in the process of revising the tap fees for both water and sewer. An ordinance <br />increasing the tap fees from $1,000 to $3,000 was first read on January 2, 1991. The <br />increase will be accomplished in two $1,000 increments between the present and 180 <br />days following the effective date of the ordinance. <br /> <br />The City of Cripp]e Creek has also established a public works department including <br />adoption of modifications to the building code and a contractor licensing process. One <br />secondary effect of this process will be to enhance the resistance of in-house plumbing <br />systems to freezing. This may decrease the need for bleeding of water services during <br />freezing weather. Bleeding of water services during freezing weather in the City of <br />Cripple Creek has resulted in a substantial demand on the water supply system. By <br />reducing the demand, the need for increased water delivery capability and water storage <br />will be reduced. <br /> <br />Page 6 <br />