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Water Utility
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<br />The total capital costs necessary to provide service to new customers divided by
<br />the projected new REUs results in our recommended Water Availability
<br />Charge. The calculation is as follows:
<br />EXISTING ASSETS
<br />Capital Assets Being Depreciated
<br />Buildings and Structures 48,690
<br />Public Improvements 108,296
<br />Equipment 18,189,822
<br />Total Capital Assets Being Depreciated 18,346,808
<br />Less: Accumulated Depreciation: (3,553,327)
<br />Total Capital Assets (Net of Accumulated Depreciation) 14,793,481
<br />Less Contributed Capital (3,191,757)
<br />Less Outstanding Debt (3,870,000)
<br />Net Captial Assets 7,731,724
<br />System Capacity in MGD 2.0
<br />Average Residential demand GPD 225.00
<br />Number of Residential Equivalent Units (REU) 8,889
<br />Connection Fee per REU $ 870
<br />NEW ASSETS Portion
<br />Related to
<br />Water Treatment Plant Cost Growth
<br />1.5 MG Ground Storage Tank $ 3,627,110 66.7% $ 2,418,073
<br />Construction of Treatment Plant 14,546,118 66.7% 9,697,412
<br />Water Treatment Plant Costs $ 18,173,228 $ 12,115,485
<br />Plus Interest Paid on Debt Service 2,934,000 66.7% 1,956,000
<br />Total Water Treatment Plant Costs $ 21,107,228 $ 14,071,485
<br />Trunk Watermain Costs $ 5,241,810 100.0% 5,241,810
<br />Plus Interest Paid on Debt Service - 100.0% -
<br />Total Trunk Watermain Costs $ 5,241,810 $ 5,241,810
<br />New Well Costs $ 10,820,523 100.0% 10,820,523
<br />Plus Interest Paid on Debt Service - 100.0% -
<br />Total Well Costs $ 10,820,523 $ 10,820,523
<br />Total System Costs $ 31,927,750 $ 30,133,818
<br />System Capacity in MGD 4.3
<br />Current Consumption in MGD 1.5
<br />Growth Related Consumption in MGD 2.8
<br />Average Residential demand in GPD 225.00
<br />Number of Residential Equivalent Units (REU) 12,444 12,444
<br />Connection Fee per REU $ 2,420
<br />OUTSTANDING DEBT SERVICE
<br />Outstanding Water Utility Debt Service
<br />Number of potential new Residential Equivalent Units (REU)
<br />Connection Fee per REU
<br />4,467,725
<br />Portion
<br />Related to
<br />Growth
<br />66.7% 2,978,483
<br />12,444
<br />$ 239
<br />TOTAL RECOMMENDED WATER AVAILABILITY CHARGE
<br />$ 3,530
<br />Springsted
<br />City of Lino Lakes, Minnesota. Water and Sewer Study
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