PROJ00109

• Contract/PO #: C153347
• Contractor Name: Starkville, Town of
• Contract Type: Loan
• Water District: 19
• County: Las Animas
• Bill Number: SB 78-69
• Loan Projects - Doc Type: Feasibility Study

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Therefore, the town can sustain an annual payment of
$4,000.00 per year with periodic (5 year) increases in user
fees. This payment capacity could payoff a 40 year 4% interest
loan of $79,171 as calculated below.

1
R = A (an{i)
R = Annual payments
A = Loan amount
A = 4000/0.05052349 =

1
A = R/ an7i

$79,171

For an annual payment of $4,500 the loan amount could be
$89,067; and for $5,000 the loan of $98,963.

payment Capacity User Fee $14.00/month/52 users
Payment Payment
Year Income a/M Reserve Amount/Mo. Amount/Yr.
1978 728.00 133 100.00 495.00 5,946
1979 728.00 142 100.00 486.00 5,832
1980 728.00 150 100.00 478.00 5,736
1981 728.00 158 100.00 470.00 5,640
1982 728.00 166 100.00 462.00 5,544
At an annual payment of $5,500/year the loan amount of
$109,485 could be paid back in 40 years with a 4% interest rate.

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