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TABLE I <br />PRELIMINARY FEASIBILITY OF UTILITY ACQUISITIONS <br />FOR THE WATER PORTION OF <br />IXORA UTILITIES AND TREASURE COAST UTILITIES <br />I. Construction Cost <br />II. Project Contingency @ 10% <br />III. Engineering @ 15% <br />IV. Legal and Administrative @ 2% <br />V. Purchase of Utility <br />VI. Reimbursement of County Expenses as <br />Receiver <br />VII. Interest During Construction @ 10% for 1 year <br />I_ Estimated Total Project Cost: <br />1. Debt Service @ 5% for 38 years <br />2. Operation and Maintenance (estimated) <br />3. 10% Reserve <br />Estimated Total Annual Expense: <br />$148,730.00 <br />14,873.00 <br />22,310.00 <br />2,975.00 <br />203,490.00 <br />17,500.00 <br />39,238.00 <br />$449,116.00 <br />$ 26,623.60 <br />10,000.00 <br />2,662.36 <br />$ 39,285.96 <br />Calculation of Estimated Revenues: <br />271 Water Connections in Ixora Utilities <br />(119) (Connections in Treasure Coast are allocated to Phase I <br />cost per 1979 Preliminary Engineering Report) <br />271 Total Units <br />Average County Monthly Water Bill <br />Estimated Annual Revenue - 271 x $13.16 x 12 <br />Estimated Annual Expense <br />Estimated Annual Surplus: <br />JAN 20198?. <br />= $13.16 @ 6,040 gal./mo. <br />= $42,796.32 <br />= 39,285.96 <br />$ 3,510.36 <br />aw 48 rAu 592 <br />