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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 />Section 13.5 RIGHT OF EMINENT DOMAIN <br /> <br />The City shall have the right of eminent domain as provided by the <br />Constitution and the Statutes of the State of Colorado. <br /> <br />Section 13.6 AUTHORITY TO LEVY TAXES <br /> <br />The Council may levy and collect taxes for municipal purposes, and it <br />may levy and collect special assessments for local improvements as <br />provided in this Charter or by ordinance. <br /> <br />Section 13.7 CONTRACTS WITH OTHER GOVERNMENTAL UNITS <br /> <br />The Council may, by resolution or by ordinance, enter into contracts <br />or agreements with other governmental units or special districts for <br />the use of buildings, equipment, or facilities, and for furnishing or <br />receiving commodities or services. <br /> <br />C. Financial Status and Physical Assets <br /> <br />The City of Longmont's Water and Wastewater Department operates as a <br /> <br />separate enterprise fund. The 1985 and 1986 total Water and Wastewater <br /> <br />Department revenues and expenditures are listed in Table 3.1. In addition, <br /> <br />the 1975 revenues and expenditures have been included to show the fund <br /> <br />growth. Included in Appendix A are detailed breakdowns for the water and <br /> <br />sewer enterprise funds in 1985 and 1986. It is anticipated that the primary <br /> <br />source of revenue for repayment will be water user charges. 1986 flat and <br />metered water rates charged by the City of Longmont are summarized in Table 3.2. <br />Appendix 8 includes the ordinances which establish water and sewer rates. <br />The physical assets of the City's water department are listed in <br />Appendix C. The estimated value of these assets as determined by the City <br />auditors is approximately 25.4 million dollars as of October, 1987. <br /> <br />-10- <br />