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<br />'- <br /> <br />The amortization schedule for Construction Alternate Two shows that in <br /> <br /> <br />the eleven year period from 1977 through 1987, a total of $153,111, or 10 <br /> <br /> <br />percent of the sales tax revenues, will have to be utilized to finance the <br /> <br /> <br />construction bonds for this alternate. <br /> <br />Construction Alternate One Modified, which would require 16 percent of <br /> <br />the sales tax revenues over the next twelve years, or Construction Alternate <br /> <br />Two Modified, which would require 10 percent of the sales tax revenues over <br /> <br />the next eleven years, would probably be the two considerations which should <br /> <br />be given the most attention. It should be remembered that the sales tax was <br /> <br />passed by the town of Eagle to finance the original construction of the water <br /> <br />treatment facilities during the 1970-71 construction period, Since that time, <br /> <br />due to the rate changes and other capital improvements required by the town of <br /> <br />Eagle, sales tax revenues have gone into another fund. It should also be <br /> <br />brought to the attention of the reader that the funds needed to purchase <br /> <br />adequate low priority water rights out of Brush Creek have not been discussed <br /> <br />in this report, as the purchase of these water rights could probably be more <br /> <br />readily obtained by an equitable trade rather than by an out-and-out purchase. <br /> <br />By equitable trade, it is meant that the town of Eagle has the facilities to <br /> <br />serve domestic water to proposed developments in the area which have an ade- <br /> <br /> <br />quate water right. The possibility of trading the privilege of using this <br /> <br /> <br />treated water for a water right should be considered. Specifically, the <br /> <br /> <br />Eagle Ranch Corporation proposed development would be the most likely prospect. <br /> <br />. <br /> <br />. <br /> <br />- 76 - <br />