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FT 1990 (1989~90) <br /> <br />1. Appropriate funds lot debt service. <br />2. Continue appropriations for either Coddle Creek reservoir or interceptor. <br />3. ~ontinue appropriations for Phase 2 of the water line extensions. <br /> <br /> FY 1991 (1990-91) <br /> Same as FY 1990. <br /> FY 1992 (1991-92) <br /> <br /> Same as FY 1991 with the following additions: <br /> <br />1. Begin funding for Phase 3 water lines. <br />2. Begin funding for Upper Coddle Creek interceptor. <br /> <br /> FY 1993 (1992-93) <br /> <br /> Same as FY 1992 with the following addition: <br /> <br />1. Hold bond referendum for 10-15 million for Coddle Creek reservoir or Coddle Creek <br /> interceptor. <br /> <br /> FY 1990 (1993-90) <br /> <br /> Same as FY 1993 with the exception that no bond referendum be held. <br /> <br /> FY 1995-FY 2000 <br /> <br />1. Complete construction of Phase 3 water lines. <br />2. Complete construction of Mallard Creek/Rocky River interceptor. <br /> <br /> This Capital Improvement Program example is based on the following assumptions <br />about the financial ability of the County to provide continuous funding: <br /> <br /> FY 1980-Fy 1987 $1~500~000 per year <br /> FY 198g-FY 1991 52,000,000 per year <br /> FY 1992-FY 2000 $2~500~000 per year <br /> FY 198t~ $7~200~000 bonds <br /> FY 1988 $12~000~000 bonds <br /> FY 1993 $12,000~000 bonds <br /> <br /> Total Funding - Year 2000 $67~5000,000 <br /> <br /> This level of funding should provide the completed water and sewer system <br />envisioned in the various engineering studies, assuming that bond referenda are scheduled <br />and passed. If that assumption is not met, the kind of continuous funding suggested in <br />the CIP example should be adhered to by the County so that the system could be <br />completed even though a longer time frame would be required. <br /> <br /> <br />