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Not 5.�1� <br />evaluation was prepared. Mr. Robbins stated they began <br />working on that evaluation on July 1st and it was submitted <br />on August 5th. The revenue totals that were projected were <br />low, and Mr. Robbins commented that he requested a meeting <br />with the financial consultants to advise them of this fact. <br />He continued that last Friday they had a meeting at the <br />Attorney's office and those facts were disclosed. Mr. <br />Robbins then referred to the following data and reviewed it <br />with the Board: <br />FIVE YEAR NET REVENUE TO DEBT SERVICE COMPARISON <br />AUGUST 18, 1982 <br />YEAR <br />PROJECTED REVENUES OT <br />DEBT SERVICE REQUIREMENTS(2)RATE <br />PROPOSED MASTER METER <br />NOW EXISTING RATE <br />PROPOSED RATE <br />1983 <br />$262,000 <br />$409,000 <br />$704,000 <br />$459,264 <br />1984 <br />278,000 <br />423,000 <br />707,000 <br />459,390 <br />1985 <br />826,000 <br />981 w <br />1,455,000 <br />1,114,828 <br />1986 <br />820,000 <br />975,000 <br />1,456,000 <br />1,605,132 <br />1987 <br />883,000 <br />1,040,000 <br />1,545,000 <br />1,604,052 <br />1. Revenues shown are net revenues with operation and maintenance considered and capital fund requirements con- <br />sidered. <br />2. Debt service requirements include 1.20 coverage and account for the two Gifford loans, $5.825 million for <br />South County Phase I, $2.75 million for South..County Phase II and the &7.0 million South Beach loan and <br />their schedules for completion. <br />