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f <br />gallons per month per residential connection was used for the <br />project financing analysis. <br />A proposed monthly water rate schedule is shown on Table <br />Il. -The rate schedule is based on the existing residential rates of <br />the Gifford water system. Table III shows the projected annual <br />income of the Phase I water system improvements based on the existing <br />available connections. The annual expenses are about $677,4.95. The <br />annual income is about $555,276. The difference is about $122,219 <br />which the County is proposing to generate by implementing a utility <br />tax on the users of the water system. There are about 2,886 users <br />including about 115 commercial users of the proposed water system <br />Improvements. The amount of utility tax required is an average of <br />$3.53 per month per user. <br />D. PROJECT SCHEDULE <br />Table IV shows the proposed project schedule for imple- <br />menting and completing the construction of the Phase I South <br />Municipal Tax District Water System Improvement program. <br />E. RECOMMENDATIONS <br />I. The County should consider the implementation of <br />an utility tax program to generate about $122,219 to supplement the <br />annual income. <br />2. The County should request an application conference <br />with FmHA for requesting grant assistance in the amount of $296,900 <br />(minimum) and final project funding commitment. <br />3. The County should proceed with the Floridan aquifer <br />test well program. <br />4. The County should authorize the Engineers to proceed <br />with the final design upon receipt of project funding commitment from <br />FmHA . <br />51979 <br />kox 42 a41 <br />I <br />