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City Engineer <br />Project Manager <br />$3,200,000 <br />Total Cost <br />Development Improvement <br />Project Category <br />Sewer Capital Projects <br />Budget Subprogram <br />Debt Service -Sewer Interceptor Capital <br />Project Title Improvement <br />Projects <br />N/A Sheet <br />Project Number <br /> PRIOR <br />Costs APPROPRIATIONS 2005 - 2006 2006 - 2007 2007 - 2008 2008 - 2009 2009 - 2010 5 Year Total <br />Land and Right-of-Way On-going Progra $ - $ - $ _ $ _ $ _ $ _ <br />Design. and Engineering $ _ $ _ $ _ $ _ $ _ $ _ <br />Construction. $ _ $ _ $ _ $ _ $ _ $ _ <br />Other (Debt) $ 640,000 $ 640,000 $ 640,000 $ 640,000 $ 640,000 $ 3,200;000 <br />TOTAL $ - $ 640,000 $ 640,000 $ 640,000 $ 640,000 $ 640;000 $ 3,200,000 <br /> <br />Funding Source(s) <br />CR-SDC San, Improvement $ 100,000 $ 100,000 $ 100,000. $ 100,000 $ 100,000 $ 500,000 <br />CR-SWUSR $ 540,000 $ 540,000 $ 540,000 $ 540,000 $ 540,000 $ 2,700,000 <br />TOTAL $ - $ 640,000 $ 640,000 $ 640,000 $ 640,000 $ 640,000 $ 3,200,000 <br />Project Description: Last Payment Date: <br />Annual payment of 20 year revenue bonds and SRF loan to fund the South Springfield Interceptor. Phase I 2/1/2014 <br />Phase II 12/1/2015 <br />A portion of the South Springfield Interceptor sewer was funded with loans and bonds amortized over a 20 year period. Phase III 7/1/2011 <br />The State Revolving Fund loan of $1,075,000 for Phase 1 resulted in an annual average payment of $72,700. In Phase II, the <br />$3.3 million revenue bond sold in 1995 resulted in an annual payment of $276,400. The payment on the $2,900,000 <br />DEQ Revolving Loan for Phase III in FY 1997/98 equals $290,900 per year. <br />Relation to Plans: <br />Cohsideration of-the bond repayment was anticipated when setting the current sewer user rates. All loans and bonds were approved by Council. <br />Maintenance Impacts: <br />No maintenance impact related to the debt service. <br />Pagel-2 <br />