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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 />Financial Impacts and Considerations <br /> <br />Regarding general background of the water user population, the community is in a growth <br />cycle, Several new subdivisions are under development, as discussed in Chapters 2 and 5, <br />Mean household income (MHI) in the Lyons service area, as determined by the U, S. Census <br />Bureau, was $25,625 in 1989. This may rise since the price of housing is rising rapidly, In <br />1990, 101 of 1223 persons, about 8,3 percent, were determined to be below the poverty level. <br />Current cost of water and sewer service are below rates in some local communities, The <br />economic profile of Lyons may change as more effluent families from Boulder and other Front <br />Range communities migrate into the service area. <br /> <br />A conceptual review of rates was conducted by the Town in August 1995, In general, rate <br />structures and methods vary greatly among Colorado water providers, Data reported in <br />Colorado Municipal League (1994) from twelve cities or towns similar to Lyons were used for <br />comparison, The average rate was $44,09 per 20,000 gallons per month or about $2,20/1000 <br />gallons, Longmont's rate structure started at $2,67/1000 gal. In Lyons, the current rate <br />structure is based upon $1.60/1000 gallons for metered users, as discussed in Chapter 7, <br /> <br />Financial Planning and Funding of Improvements <br /> <br />The diversion and intake project is being considered as part of a larger improvement program <br />in the water and waste water infrastructure of the Town of Lyons, Recommendations for other <br />improvements are contained elsewhere in this report and in companion report(s) on the waste <br />water system, The Town has applied to the Colorado Water Conservation Board for a loan to <br />help pay for the diversion/intake improvements, Concept Estimates of the debt service and <br />costs borne by the water customers, through the Water Fund enterprise, are contained in <br />Chapter 7, Collateral and security for the proposed loan are to be the assets of the Town's <br />Water Fund, including the revenue stream generated by the monthly water bills, Details of the <br />current and anticipated future value of these assets are discussed in Appendix B, Estimates <br />shown that a considerable water rate increase is required to fund the entire improvement <br />program envisioned by the Town, but the above comparison of rates indicates that some <br />increase is not unanticipated, <br /> <br />3.3 Raw Water Pipeline <br /> <br />The reinforced concrete pipeline delivers raw water by gravity directly to the treatment plant. <br />It is reported to be 14 inches in diameter. At several points the raw water pipeline is routed in <br />the bank of the creek, These vulnerable points seem to be adequately protected by rock <br />overlay, The line is reportedly giving good service, <br /> <br />12 <br />