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<br />. <br /> <br />It can also be shown from Table XIV that approximately 32 percent <br /> <br />of the monies from sales tax rev~nues will have to be used to help finance <br /> <br />the water project for at least the first twelve years, In 1989, the exist- <br /> <br />ing bonds will be retired, and the sales tax revenues will not be required <br /> <br />to retire the new bond. <br /> <br />Table XV which follows this page is the amortization schedule for <br /> <br />Construction Alternate Two. This alternate is estimated to cost $640,000. <br /> <br />Over a twenty year period at 7~ ~ercent interest from private financing, <br /> <br />the annual repayment would be $31,390. If the remaining 50 percent of the <br /> <br />required funds were to be borrowed from the Colorado Water Conservation <br /> <br />Board over a thirty year period at 3 percent, the annual repayment would <br /> <br />be $16,326. This would give a total annual repayment of $47,716. <br /> <br />The amortization schedule for construction alternate number two <br /> <br />as presented is based on the prOjected growth as shown in Exhibit A <br /> <br />at the end of this report and on Table VI shown earlier in the report, <br /> <br />Should no growth occur the town of Eagle could construct construction <br /> <br />alternate number two, but would have to use a goodly proportion of <br /> <br />their sales tax money which they do not desire to do to make it <br /> <br />feasible, <br /> <br />. <br /> <br />- 70 - <br />