New Search
City Engineer Development Improvement Debt Service -Sewer Interceptor Capital <br /> Project Manager Project Category Project Title Improvement <br /> Projects <br /> $3,180,000.00 Sewer Capital Projects N/A Sheet <br /> Total Cost Budget Subprogram Project Number <br /> PRIOR <br /> <br /> Costs APPROPRIATIONS 2006 - 2007 2007 - 2008 2008 - 2009 2009 -.2010 2010 - 2011 3 Year Total <br /> Land and Right-of--Way Ongoing Program $ - $ - $ - $ - $ - $ - <br /> Design and Engineering $ - $ - $ - $ - $ - $ <br /> Construction $ - $ - $ - $ - $ - $ <br /> Other (Debt) $ 636,000 $ 636,000 $ 636,000 $ 636,000 $ 636,000 $ 3,180,000 <br /> TOTAL $ - $ 636,000 $ 636,000 $ 636,000 $ 636,000 $ 636,000 $ 3,180,000 <br /> Funding Source(s) <br /> CR-SDC Sanitary, Improvement $ 98,000 $ 98,000 $ 98,000 $ 98,000 $ 98,000 $ 490,000 <br /> CR-Drainage User $ - $ - $ - $ - $ - $ <br /> CR-Wastewater User- $ 538,000 $ 538,000 $ 538,000 $ 538,000 $ 538,000 $ 2,690,000 <br /> TOTAL $ - $ 636,000 $ 636,000 $ .636,000 $ 636,000 $ 636,000 $ 3,180,000 <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 payment of $75,000. In Phase II, the <br /> $3.3 million revenue bond sold in 1995 resulted in an annual payment of $285,000. The payment on the $2,900,000 <br /> DEQ Revolving Loan for Phase III in FY 1997/98 equals $300,000 per year. <br /> Relation to Plans: <br /> Consideration 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 /> Page ! - 2 <br /> <br />