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Water System Project
This project is a multi-year project to replace the Ponderosa's hydrants and water mains along with paving the roads. We will keep you posted on the plans and results as the steps of this project are planned and completed.
Water Quality Report
Description of Project
Cost Projections for Water System
Map of Project (use zoom to see detail on map)
Cash Flow Spreadsheet Assumptions
1) THE PROJECT INCLUDES REPLACEMENT OF WATER MAINS, VALVES AND HYDRANTS, PLUS THE INSTALLATION OF VAULTS FOR WATER METERS. METERS TO BE INSTALLED AT A LATER TIME, THE COST OF WHICH IS NOT INCLUDED IN THIS PROJECT
2) CONSTRUCTION BEGINS IN PRIORITY AREAS 1 & 2 IN 2010 AND PROCEEDS EACH SUBSEQUENT YEAR TO OTHER PRIORITY AREAS AS SCHEDULED.
3) BY 2010 WE WILL HAVE ACCUMULATED $685,000 IN OUR WATER ACCOUNT AND CAPITAL RESERVE ACCOUNT, EVEN AFTER PAYING OUR CURRENT WATER LOAN AT $24,000 PER YEAR. WE WILL USE THIS MONEY TO PAY FOR PRIORITY AREAS 1, 2, 3 & 4.
4) STATE LOAN MONEY CAN BE OBTAINED AT 2%. THE STATE DOES NOT ADVANCE FUNDS BUT REIMBURSES OUR EXPENSES, SO STATE MONEY MAY NOT BE INVESTED TO OFFSET EXPENSES.
5) THE PER-LOT ASSESSMENT MAY BE PRO-RATED OVER 5 YEARS AND CHARGED TO THE LOTS IN THE PRIORITY AREAS UNDER CONSTRUCTION WHEN CONSTRUCTION IN THAT PRIORITY AREA BEGINS.
6) THE NORMAL BUDGET PROCESS WILL BE FOLLOWED TO ESTABLISH ANNUAL MAINTENANCE AND OPERATIONS DUES AND THE RESERVE FUNDS FOR CAPITAL IMPROVEMENTS AND MAINTENANCE AND OPERATIONS.
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