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PROJ00124
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Last modified
11/19/2009 11:01:58 AM
Creation date
10/5/2006 11:36:51 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C153394
Contractor Name
Wellington, Town of
Contract Type
Loan
Water District
1
County
Larimer
Bill Number
SB 81-439
Loan Projects - Doc Type
Feasibility Study
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<br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />It is anticipated that the Town of Wellington will probably conserve water, <br />to sare extent, due to the increased water rate. It is not logical to <br />assurre that the historical water usage will change by ITOre than 25%. <br />HCMever, in an effort to provide an econcrnic structure which will deal with <br />the ITOst unlikely circumstances, it is recCJlTl1'ended that a $25,000 to <br />$50,000 contingency reserve fund be established to offset a potential <br />negative cash flCM situation in the first year or two of operation. <br /> <br />After the first year of operation, the minimJrn rate can be adjusted if <br />re<ijUired to generate additional funds if required due to unusually lCM <br />water usage. <br /> <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 />19 <br />
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