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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 />that there is a considerable cost advantage to using the RWIS in place of potable water <br />for lawn and garden irrigation, <br /> <br />Tables 3,4 and 5 of the Gamba report provide three projections of revenues and <br />expenditures for the 30-year period of repayment for the CWCB loan. Each table uses <br />different assumptions with regard to the extent of water user participation in the RWIS <br />and the use tax revenues as summarized in Table 5 of this report. All three projections <br />indicate that over a period of 30 years revenues for the project will exceed expenditures. <br /> <br />-~-~-.....--~":--; <br />~.' ~,,' , <br /> <br />~"".'-tAEiI"E.5.:~<<EtlARlQsr;o~ <br /> <br />" . ;I:'IMANCIlI;f!~~~<<'QO~ ;,;r '" , ' :' ' <br />Gamba Year 1 Year 30 <br />Table No, Participants Participants Use Tax <br />3 200 345 No <br />4 350 495 No <br />5 350 495 Yes <br /> <br />New water rate structures have been designed and adopted to encourage water user <br />participation in the RWIS and to minimize any fmancial impact on water users. The <br />Gamba report, in Table 7, indicates that the average water user is currently paying $337 <br />per year and that, with participation in the RWIS, the average annual water bill may <br />actually decrease slightly to about $325 per year, Due to the adoption of an increasing <br />block rate structure for potable water, customers who do not participate in the RWIS <br />and continue to use potable water for lawn and garden irrigation can expect to pay <br />considerably more, <br /> <br />Three fInancial indicators for the project are given in Table 6, The two debt ratios are <br />in the "Strong" category and, as before, the water rate as a percent of median household <br />income is in the "Average" category. <br /> <br />10 <br />