C153604 Feasibility Study - Laserfiche WebLink

Home Browse Search

. . CWCB loan principal repayment; could be placed in the emergency reserve fund; or by using the surplus revenues in combination with the emergency fund, repairs could proceed at an accelerated pace on the remainder of the Dam No, 4 embankment fill and on the Dam No, 1 embankment fill, . Table 16 was prepared to specifically address the repayment of the costs associated with Outlet Rehabilitation Alternative F, The table was prepared assuming that project costs in excess of the CWCB loan amount ($61,700) would be paid directly from the current balance of the Emergency Fund ($100,000) and that surplus revenues available after meeting interest payments and operating expenses would be applied to the loan principal. It was also assumed that the municipal lease repayment and capitalization of the emergency fund would be operated as discussed above for Table 14, Under this scenario, the CWCB loan would be repaid in 11 years. . . In the three analyses presented above, several conservative assumptions were made which have the affect of reducing the District's ability to repay the loan, These assumptions are described below. Even under these conservative assumptions, the District's ability to rapay the CWCB loan is demonstrated in Tables 14, 15 and 16, as discussed above, . 1, "Interest on Deposits" and "Other" income which historically averaged about $37,000 per year (see Table 3) has not been included as a source of future revenue due to the uncertainty of these future revenues. . 2. Operation and maintenance costs have been held at the estimated 1988-1989 levels (reduced for extraordinary engineering and construction costs) for the period 1991 through 2011, although the new facilities associated with this loan application, in conjunction with other recent repairs, will likely result in a reduction of the annual o & M expenses, . 3, Future revenues have been held at the 1991 level without escalation, . . 22 .