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<br />31 I <br /> <br />TUESDAY, JUNE 10, 1986 <br /> <br />The Honorable Mayor and City Council <br />Page 3 <br />June 3, 1986 <br /> <br />The City's future financial obligations cover the following: <br /> <br />Total Cost <br /> <br />City Cost <br /> <br />1. <br /> <br />Expansion of the City's wastewater <br />plant from 6 MGD to 8 MGD <br /> <br />2,275,000 <br /> <br />$1,516,667 <br /> <br />2. <br /> <br />Payment for use of Diversion <br />facilities and Upper Smith River <br />Plant (if needed for one year) <br /> <br />$ 137,6l6 <br /> <br />3. <br /> <br />Construction of 54" lower Smith <br />River interceptor from City's plant <br />to new Marrowbone Plant <br /> <br />$2,000,000 <br /> <br />$ 666,000 <br /> <br />4. <br /> <br />Buy back of PSA 2 MGD capacity <br />allocation in City's plant including <br />PSA's payment toward upgrading City's <br />Plant. <br /> <br />$2,694,506 <br /> <br />s. <br /> <br />Buy back of PSA's .666 MGD capacity in <br />2 MGD expansion of City plant. <br /> <br />$ 758,333 <br /> <br />6. <br /> <br />Purchase of 2 MGD future capacity in <br />Marrowbone Plant. <br /> <br />$2,600,000 <br />$8,373,122 <br /> <br />Based upon the above, the follO\"ing is a nel<1 financial obligation <br />schedule which is divided into four phases which have been converted <br />to JUly-to-July time frames to match our fiscal year: <br /> <br />Phase I Phase- II Phase II I- Pha'se IV- <br />July July July July July July " . <br />86 87 88 89 97 98 <br />r1,516,661 $137,616 1$4,118,839 $2,600,000 <br /> <br />Note: Because the fourth phase (purchase of 2 MGD capacity in the <br />Marrowbone Plant) is so distant, no specific provisions are being <br />made for financing this phase. <br />