PROJ00464

• Contract/PO #: FS0001X
• Contractor Name: Bennett, Town of
• Contract Type: Loan
• Water District: 0
• County: Adams
• Loan Projects - Doc Type: Feasibility Study

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the Town is not subject to federal or state income taxes. In accordance

with state and federal legal requirements, all accounts are audited on an

.annual basis. Copies of the Audited Financial Statements prepared by .the

firm of Connors, Hogan, Hiles and Kumagai, Certified Public Accounta~lts,

Denver, Colorado for the years ending December 31, 1973 and 1974 are included
as APPENDIX A, 1 & 2.

An analysis of the 1970 Colorado Census summary tables for the Bennett

area shows a total aggregate income of $1,301,150 for 181 families and 15

unrelated individuals. The mean income per family was $6,850 and the mean

income per unrelated individual was $4,084. The median annual income was

approximately $6,330 in 1970. The median income in the community is sur-

prisingly low and is substantially lower than the state and county figures

for median annual income. Census data shows that while the median income

for Adams County was 128.7% of the state median income, the Bennett com-

~unity median income was only 86.5% of the state figure and 67.2% of the
county figure.

G. PHYSICAL ASSETS

The character of the Town is primarily residential in nature with a

mixture of single family homes and mobile homes. Mobile homes make up

about 42% of the dwelling units and are partially confined to crowded

mobile home parks and partially scattered throughout the community on

residential lots. Host dwelling units are older homes and are in good

condition. Approximately 70% of the dwelling units are rated as standard
or above-standard.

Bennett has a consolidated school district located in the northeast

part of town. The school system consists of an elementary school, a junior

high school, and a senior high school with separate buildings for each

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