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I I I I The EnlaJlge.ment aUvr.na.:Uve <<X16 concluded to be 6-inanc-iaUy 6eM-ible. I.>-ince. .the. payout I.>d1C!dtde. (Table.-IIJ de.molUltltat.e.d l.>uJtplU-6 6undl.> and .the. be.ne.6-it! COl.>t IlctUo <<X16 glle.atvL .than one (2.56 J. For the Rehabilitation alternative, the annual and the accumulated pay- outs (see Table-ll) were found to have deficits for several years until the I I I near end of the payout period. waI.> ccnclude.d to have. maJlg-inai Thvr.e.6olle., the. Re.hab-il-itat-ion 6-inanc-ial 6e.M-ib-il-ity. altvr.nctUve. B. Recommendations I I Based upon the results and the foregoing conclusions, the following recom- mendations are made: I 1 - The City of Lafayette requires raw water storage to meet the present pop- ulation demands and substantially more storage for future population require- ments. Thvr.e.601le., we. Jte.comme.nd that. the. C-ity 06 La6aye.tte and the. HWMRC e.ntvr. .<.nto the. ne.CUl.>aJlY agJte.e.me.nu wUh the. CWCB :to COlUltltuct the. e.nlaJlge.me.nt 06 Wane.ka Ruvr.vo-Ur. Dam. I I 2 - The percentage ownership in the HWMRC was found to have significant in- fluence on the Payout Schedule. If the City of Lafayette obtains more stock in the HWMRC, then more taps could be issued and the revenues increased, there- by increasing the surplus. We. thvr.e.601le. Jte.comme.nd that. the. C,(;ty puJr.ChMe. add-it-ionai I.>haJlu -in the. HWMRC. If the ownership is increased by ten percent or more shares (i.e., 72% of stock) then the'bondiqg requirements should be reviewed further to determine if the issue amount can be reduced. I I I I I I I 3 - The water taps that become available when the additional storage is obtained were assumed to be uniformly distributed over a 5 year period. Since the distribution of these taps is critical to the surplus in the payout schedule, we. JtQcommend that. the tapl.> be. L.~l.>ue.d no latvL tha~l ovvr. a 5 ye.aJl pvr.-iod and pIle.6vr.ably I.>oonvr.. -35-