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portion of the CSD's Series 1980 and 1982 bonds. This refinancing resulted in approximately $615;000 in debt service savings. The GO bonds were retired in September, 2002. Since the late 1980s, a number of projects have been completed using a combination of funds remaining from the GO bonds, user fee revenue, and system development charges (SDCs) CIP budgets were primarily composed of projects identified by the 1996 Eugene/Springfield Water Pollution Control Facility (WPCF) Master Plan, the Biosolids Master Plan, and the Wet Weather Flow Management Plan (WWFMP). The 1996 Master Plan provided an assessment of facilities improvements needed to enable regional wastewater treatment facilities to meet their intended design capacity and regulatory requirements, address system deficiencies, and improve safety and operational performance. The Biosolids Management Plan and the WWFMP resulted from recommendations included in the Master Plan. The Biosolids Management Plan remains the basis for most of the biosolids-related CIP projects. The WWFMP, provided the basis for wastewater treatment facility performance improvements related to wet weather peak flow that were to be constructed over an eight to ten year period. In order to identify the impacts of these projects on other treatment facility processes, a Wet Weather Flow Pre-Design Project was initiated in FY 02-03. As work proceeded on the Pre- Design Project, it became apparent that, due to increased environmental performance required by the wastewater discharge permit and updated projections of population and capacity needed through 2025, a comprehensive facilities planning effort was needed. The 2004 MWMC Facilities Plan was a result of this effort and was adopted by the Commission and partner agencies in June of 2004. The 2004 Facilities Plan revealed several process areas which are at or near capacity and identifies projects which will assure that all process areas will have sufficient capacity to meet the needs of current and future users through the year 2025. The 2004 Facilities Plan also identifies alternative future uses of the Seasonal Industrial Waste Facility and addresses possible regulatory compliance issues which may arise in the coming years. MWMC User Rates !' The MWMC's user fee system was developed and implemented in 1985. State and Federal I ~''; regulations require that MWMC's system of charges and rates generate sufficient revenue to pay the total operation and maintenance costs necessary to fund the proper operation and maintenance (including replacement) of the treatment works. Annual allocations are made to an Equipment Replacement Reserve from user fee revenue. Funds from this reserve are used to pay for timely replacement of equipment that has an expected life of 5 to 20 years and a value of $10,000 to $200,000. User fee revenues are also used to fund capital projects. MWMC System Development Charges MWMC's original SDC, which was known as a Facilities Equalization Charge was first implemented in 1991. In today's terms, the Facilities Equalization Charge was a reimbursement SDC. In 1997, MWMC adopted a major revision to its SDC methodology. The new methodology included, in addition to the reimbursement SDC, an "improvement" SDC based ' ~' upon a 5-year CIP. In 2004, MWMC completed a comprehensive update of its SDC methodology. The new methodology, adopted by the governing bodies; retains the i. 2005 MWMC Financial Plan Page 5