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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Debt and Cash Reserves. The Norwood Water Commission <br />presently have the following indebtedness and cash <br />reserve balances. The present debt for each entity is as <br />follows: <br /> <br />G.E. Capital <br />Town Rural <br /> <br />DOLA <br /> <br />Debt Amount <br />Yearly Payment (Initial) <br />(Final) <br />Interest Rate <br />Maturity Date <br />,Req' d. Cash Reserve <br />Total Cash Reserve <br /> <br />220,000 <br />17,000 <br />10,100 <br />5.0% <br />7/1/2017 <br />16,500 <br />79,802 <br /> <br />426,487.62 <br />31,645 <br />31,645 <br />5.0% <br />7/1/2017 <br />31,645 <br />92,859 <br /> <br />47,682.89 <br />4,817.11 <br />4,817.11 <br />5.0% <br />9/1/2009 <br />N/A <br />N/A <br /> <br />Total debt as of October 1994 is $694,178. Payments for <br />the year 1995 total $53,462. <br /> <br />Operation and Maintenance. Operation and maintenance <br />expenses for the existing system were about $91,000 in <br />1993. This should remain the same, since new facilities <br />will facilitate O&M, which offsets increased number of <br />facilities to maintain. <br /> <br />II-9 <br />