PROJ00504

• Contract/PO #: C153334
• Contractor Name: Henry Waneka Mutual Reservoir Company c/o City of
• Contract Type: Loan
• Water District: 6
• County: Boulder
• Bill Number: FSA
• Loan Projects - Doc Type: Feasibility Study

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and transfers. The complete auditors report is available for review upon

request. Since a major portion of the benefits derived from the proposed

improvements would be in the form of revenues generated by the increased

service taps and water use fees, a detailed statement for the Enterprise

Fund is also included in Appendix-B. The Enterprise Fund is the main source

of revenue for water system improvements.

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2 - Revenue Sources
The City of Lafayette receives revenues from the following sources:

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a - Water Service Charges
In accordance with City Ordinance No. 911, a basic monthly charge
is assessed for the use of the water utility system. The charges con-
sist of a monthly and high volume charge as shown on Table-I (page 38).

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b - Water Connection Charge

The basic one-time fee for connection to the water service is

$2,900 for single family dwellings. A more complete fee schedule is

shown in Table-2 (page 39) and is in accordance with City Ordinance No.

917. This source of revenue will become available if the reservoir stor-

age is increased such that more services can be added to the system.

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c - Bond Issues

The City of Lafayette has the power to issue general obligation

and revenue bonds for water system improvements. These funds are

distributed through the Enterprise Fund (see Appendix-B), which has

been set up for water and sewer improvements and operation costs.

The current (1980) liabilities for both types of bonds are $5,115,000.

The operating revenues for the fund are generated through the water

and sewer sales, and water and sewer connection fees.

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d - Henry Waneka Mutual Reservoir Company

The HWMRC was organized under Colorado Statutes as a non-profit

corporation, with the primary purpose of furnishing and storing water

exclusively for stockholders. In addition, the articles of incorporation

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