PROJ00400

• Contract/PO #: C153588
• Contractor Name: Greeley, City of
• Contract Type: Loan
• Water District: 3
• County: Larimer
• Bill Number: SB 89-85
• Loan Projects - Doc Type: Feasibility Study

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In 1986, gross revenue of $8.1 million was derived primarily from user fees of
$6.0 million. This includes income from sale of residential, commercial,
agricultural, and industrial water inside and outside the city. An additional
$0.6 million came from the 197 water taps which were sold. The remaining $1.5
million of revenues were from earnings on investments.

Debt servi ce requi rements for 1987 through 2005 are shown on Tabl ell. 2. The
total amount of outstanding bonds is about $22.4 million. With interest,
future payments through the year 2005 will total about $36.3 mill ion. Over
the next 11 years, the annual debt servi ce requi rement ranges between $2.62
million and $2.67 million.

5.0 FUTURE PROSPECTS

A number of important developments occurred early in 1986 whi ch will have a
positive i,mpact upon the area economy in the very near future.

In March of 1986, Monfort of Colorado announced plans to add a second
producti on 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.

Whil e the state economy has experi enced f1 at performance over the past year,
Greel ey has experi enced re1 ati vely dynami c growth. The announcement of over
1000 new jobs and several nonresidential projects totaling $24 million in the
fi rst half of 1986 provi de a bri ght outlook for the future. New on-campus
construction and increased enrollment at the University of Northern Colorado
have also helped bolster the Greeley economy.

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