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<br />I <br /> <br />I <br /> <br />B. Revenue Sources <br /> <br />I <br /> <br />I <br /> <br />The Brook Forest Water District receives revenues from five major sources. <br /> <br /> <br />These sources of income and the current rates are explained below: <br /> <br />I <br /> <br />1. Water Service Charges - A quarterly flat rate charge is assessed for <br /> <br /> <br />waCer service to each tap. The proposed rate for 1980 is $90.00 per quarter <br /> <br /> <br />or $360.00 per year. <br /> <br />I <br /> <br />I <br /> <br />2. Connection Fees - The current fee for initial connection to the water <br /> <br /> <br />system is $2,500.00. During moratorium periods, this source of revenue is not. <br /> <br /> <br />available to the district. Additional taps are issued only when the board <br /> <br /> <br />determines that adequate water supplies are available. It is expected that this <br /> <br /> <br />revenue source is to become more dependable at such time when the district's <br /> <br /> <br />plan of augmentation is approved.and additional raw water supplies are secured. <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />3. System Development Fee - This fee is charged to properties requesting <br /> <br /> <br />water service which require significant development of facilities by the district. <br /> <br /> <br />For instance, new wells, storage tanks, and distribution lines may be required <br /> <br /> <br />to serve a new filing within the district. The water development fee is intended <br /> <br /> <br />to reduce the impact on the existing water supply system of providing service <br /> <br /> <br />expansions. Water development fees are currently set at $1,500.00 per tap. <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />4. Readiness to Serve Charge ~ When a connecti~n can be made to the district's <br /> <br /> <br />water distribution system, but improvements have not been constructed on a pro- <br /> <br /> <br />perty, a readiness to serve charge is made. The current rate is $20.00 per <br /> <br /> <br />quarter or $80.00 per year. <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />5. Property Taxes - The district levies property taxes which are proposed <br /> <br />to be at 34.28 mils for 1980. The current (1979) assessed valuation of proper- <br /> <br /> <br />ties in the district is $1,670,210 according to the Jefferson County assessor's <br /> <br /> <br />office. This source of revenues; based on the 1979 assessed valuation, and <br /> <br /> <br />the proposed 1980 mill levy; will generate an approximate revenue of $57,254. <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />-10- <br />