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Resolution No. 4793
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2004 No. 4782-4819
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Resolution No. 4793
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Last modified
6/10/2010 4:49:14 PM
Creation date
7/7/2004 4:37:39 PM
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Template:
City Recorder
CMO_Document_Type
Resolutions
Document_Date
6/28/2004
Document_Number
4793
CMO_Effective_Date
6/28/2004
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8 FINANCIAL STRATEGY <br /> <br />addiQonal expenffiture or $3,770,000 will be funded by SDCs, with the remaining 71 percent <br />or $9,230,000 being funded by user rates. This represents roughly a 6.5 percent increase <br />($57.8 million to $61.6 rv~lI~on) in the portion of the 20-year project l/st that would be funded <br />by SDCs and roughly an I1 percent increase ($86.2 million to $95.4 million) in the port/on of <br />the 20-year project list that would be funded by rates. If MW1V~C implements Alternative 4 <br />versus Alternative 5, an adjustment to the SDCs and user rates roughly in proportion to the <br />6.5 and ll percent increases for SDCs and user tares, respectively, would have to be <br />implemented. However, the overall financing strategy of issuing revenue bonds to fund the <br />capital improvements would not change. <br /> <br /> t~WMC_8 0_REV5 DOC 8-15 <br /> <br /> <br />
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