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<br />. <br /> <br />Table XV shows that $457,412, or approximately 24 percent of the <br />sales tax revenue, will have to be used to help finance the construction <br /> <br />bonds for Construction Alternate Two, Should the required money from the <br /> <br />sales tax revenues put the other proposed capital improvements of the town <br /> <br />in jeopardy, the town could forego the proposed distribution system and <br /> <br />storage improvements at this time and concentrate on the raw water trans- <br /> <br />mission, treatment plant, and settling ponds facilities, <br /> <br />For Construction Alternate One Modified, the improvements for the <br /> <br />raw water transmission line, treatment plant facilities, and settling ponds <br /> <br />were estimated to cost $479,000. Should 50 percent of these required funds <br /> <br />be borrowed from private financing over a twenty year period at 7~ percent <br /> <br />interest, the annual payment would be $23,493. The balance of the required <br /> <br />funds could be borrowed from the Colorado Water Conservation Board over a <br /> <br />thirty year' period at 3 percent interest, to give an annual payment of <br /> <br /> <br />$12,219. The total of these two payments would be $35,712 annually. <br /> <br /> <br />Table XVI, which follows this page, is the amortization schedule for <br /> <br /> <br />Construction Alternate One Modified. <br /> <br />. <br /> <br />- 72 - <br />