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,_ ' . <br />`Commission (MWMC) Facility Equalization Charge (also know as the MWMC SDC or the <br />Regional Wastewater. SDC) will be collected on all new connections to the system. This <br />charge is a reimbursement SDC: meant to recoup the region's investment in reserve sewage <br />treatment capacity. This charge {waafd--be] rs imposed on all new connections.-for all new <br />or existing development in the Eugene-Springfield area as `recommended by the MWMC <br />approved.: methodology... This charge shall be adjusted from time to time to account for <br />inflation when recommended [dir'eeted-] by MWMC without going through the process to <br />amend this Appendix D or [to] the Methodologies. '"The regional wastewater SDC is <br />calculated the same way: for all development, .:including, the River Road/Santa <br />Clara/Highway 99 Area. ` <br />The [-proposed~q ~ ej re:gonal,wastewater SDC is designed to have new <br />development and those connecting for the .first time in {f2RfSEj River Road/Santa: <br />Clara/Highway 99 Area"buy-in" to the existing local investment~or equity in the treatment <br />plant Local investment or equity is determined by netting out current liabilities, grants and <br />..outstanding debt from the present value of MWMC assets. The total local investment is then <br />divided by the total potential service units to derive a cost per unit resulting in a base charge. - <br />Development is credited for any property tax payments made in the past toward the MWMC <br />bond debt.. Depending on the year that a property was annexed, the charge is equal to the - <br />difference between the base charge and the credit. Figure {6} ~ graphically depicts the , <br />methodology used to calculate the regional' wastewater SDC {ehargej. <br />equa~-to-asset-val , 9 <br />debt:} Fort: {~] he present value of local equity piea~ refer: to Table Sin this A{ap~ndix. <br />The base rec~tet~al wa_ ste~~r`.5~3 pier'>E~~l. feMarge] is calculated by dividing the potential <br />number of equivalent dwelling units (EDUs) that can be served by the regional treatment plant <br />into the local equity. <br />r <br />TABLE 5 <br />Regional Wastewater Systems Development Charge Analysis <br />Total Assets $183,186,637 <br />Total Liabilities { $127,231,040 ) <br />Local Equity (net assets) $55,955,598 <br />System Capacity (potential EDUs) 169,145 <br />Base Charge per EDU[ $55,955,598 / 169,145 = 330.80 rounded] $331.00 <br />Proposed Methodologies: City of Eugene. SDCs (Effective March 01, 1997) <br />Page D-7 <br />