PROJ00055 - Laserfiche WebLink

Home Browse Search

VII-q , applied to future tap fees. These donations, which have already been used by the District for operating expenses, reduce the amount of money to be collected for the E~rgency Reserve-Replacement Fund to $17,275. This Emergency Reserve-Replacement Fund will be reserved for non-scheduled replacement expenditures. RATE COMPARISONS A comparison of the required service rates and charges with neighboring entities shows that the proposed service charges of the Allenspark District are higher than the normal service rates being charged in the neighboring areas. For example, the following chart shows sample service rates in neighboring areas: Note that costs have been based on normal water de- mand where rates are metered. City Monthly Charges Tap Fee Lyons $8.10 $ 700.00 Nederl and 4.84 500.00 Estes Park 4.50 1,185.00 INCOME SCHEDULE The income schedule shown on Table VII-C is the proposed method for re- payment of the loan from the Colorado Water Conservation Board. The schedule is based on a level debt service requirement of $15,590 over the thirty year repayment period. The initial tap fee income will be used for the establishment of the Emergency Reserve-Replacement Fund. $10,000 of this fund is considered to draw interest in a commercial bank. This interest will be used to help pay the yearly operation and maintenance expense of the District, thereby helping to keep the service charge at the proposed rates of $15.00 and $12.00 respectively. The initial tap fee charge will be $200/tap for the first year. Any additional taps are estimated at $700; $500 of which will be used to pay for resulting line extensions and the additional $200 to be used to re- plenish the Emergency Reserve-Replacement Fund.