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<br />I <br />I <br />I <br />I <br />I <br />I <br />i <br />I <br />, <br />I <br />I <br />, <br />I <br />i <br />J <br />I <br />I <br />I <br /> <br />~ <br /> <br />I <br /> <br />less expenses excluding debt service. The ratio of the net revenue available <br />for debt servi ce to the debt servi ce requi rement has exceeded 1.5 over the <br />last four years. In 19S5, the debt service requirement was nearly $2.4 <br />million. This compares favorably with net revenues of $3.6 million. The <br />difference between net revenue and debt servi ce requi rements is placed in <br />reserve accounts for replacement of depreciated capital assets. <br /> <br />In 1985, gross revenue of $7.0 million was derived primarily from user fees of <br />$5.4 million. This includes income from sale of residential, cOlllllercial, <br />agricultural, and industrial water inside and outside the city. An additional <br />$1 million came from the 196 water taps which were sold. The remaining $0.6 <br />million of revenues were from earnings on investments. <br /> <br />Debt service requirements for 1986 through 2005 are shown on Table 11.2. The <br />total amount of outstandi ng bonds is about $23.4 mi 11 i on. Wi th interest, <br />future payments through the year 2005 will total nearly $39 million. Over the <br />next 12 years, the annual debt service requirement ranges between $2.62 <br />million and $2.67 million. <br /> <br />5.0 FUTURE PROSPECTS <br /> <br />A number of important developments occurred early in 1986 which will have a <br />positive impact upon the area economy in the very near future. <br /> <br />In March, Western Sugar Corporati on announced the purchase of Great Western <br />Sugar Company's Greeley factory. Once in operation, the plant will employ 45 <br />full-time and 75 seasonal employees. To meet production quotas, Western Sugar <br />will also'require 18,000 acres of sugar beets. <br /> <br />Also in March, Monfort of Colorado announced plans to add a second production <br />shift requiring SOO new workers and $4 million in new investment. The net <br />effect of the expansion will be to annually add $16 million in direct payroll, <br />$12 million in new retail sales, and $450 million to the region's economy <br />through increased cattle purchases. <br /> <br />-11- <br />