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I I I I I I I I I I I I I I I I I I I mi 11 ion: Thi s compares favorably wi th net revenues of $3.6 mill i on. The difference between net revenue and debt service requirements is placed in reserve accounts for repla~ement of depreciated capital assets. In 1985, gross revenue of $7.0 million was derived primarily from user fees of $5.4 million: This includes income from sale of residential; c01111lercial, agricultural, and industrial water inside and outside the city. An additional $1 mill ion came from the 196 water taps which were sold. The remaining $0.6 million of revenues were from earnings on investments. Debt service requirements for 1986 through 2005 are shown on Table 11:2: The total amount of outstandi ng bonds is about $23.4 mi 11 i on. With interest, future payments through the year 2005 will total nearly $39 million. Over the next 12 years, the annual debt service requirement ranges between $2.62 million and $2.67 million. 5.0 FUTURE PROSPECTS A number of important developments occurred early in 1986 which will have a positive impact upon the area economy in the very near future. In r~arch, Western Sugar Corporati on announced the purchase of Great Western Sugar Company's Greeley factory. Once in operation, the plant will employ 45 full-time and 75 seasonal employees. To meet production quotas, Western Sugar will also require 18,000 acres of sugar beets. Also in March, Monfort of Colorado announced plans to add a second production shift requi ri ng 800 new workers and $4 mi 11 ion in new investment. The net effect of the expansion will be to annually add $16 million in direct payroll; $12 million in new retail sales, and $450 million to the region's economy through increased cattle purchases. While the state economy has experi enced flat performance over the past year; Greeley has experienced ,relatively dynamic growth. The announcement of over 1000 new jobs and several nonresidential projects totaling $24 million in the -13-