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Ric Minetor <br /> February 23, 1993 <br /> Page 2 <br /> Described below is an explanation of each scenario summarized in Table 1 and in the <br /> enclosed spreadsheet printouts: <br /> Scenario 1 Shows the impact on the SWM if the five year plan in the LWMP is <br /> implemented and the connection charge to the account is limited to $3,000 <br /> per year. The$3,000 represent the average SWM contributions over the last <br /> six years without any large contributions <br /> SWM account shortfall in 1998 is $58,838. <br /> Scenario 2 Shows the annual amount of general taxes required in addition to the <br /> assumed$3,000 annual connection charge to maintain the$180,000 balance <br /> that is in the account today. <br /> Based on a tax contribution of $43,000/year, the SWM balance in 1998 <br /> would be $178,035. <br /> Scenario 3 Shows the annual connection charge required to maintain the existing <br /> $180,000 balance. <br /> Based on a SWM annual contribution of$46,000, the balance in 1998 would <br /> be $178,035. <br /> Scenario 4 Assume that the connection charge contributions from 1987 to 1991 will be <br /> repeated from 1994 to 1998. <br /> Balance in 1998 would be $56,397. <br /> Scenario 5 Assume annual connection charge is same as in Scenarios 1 through 3 <br /> ($3,000) but shows impact of adding the Sherwood Road Storm Sewer <br /> Project if the city pays for the entire project from the SWM fund. <br /> The estimated shortfall in the SWM fund is$308,870 in 1998. <br /> Scenario 6 Same as Scenario 5 but adds the Ardan Avenue Storm Sewer Project. <br /> The projected shortfall in the SWM fund is $766,580 in 1998. <br /> Scenario 7 Assumes that the Ardan Avenue (rough estimate of 105 buildable lots) and <br /> Sherwood Road projects (rough estimate of 195 buildable lots) are assessed <br /> at 20% (each buildable lot will pay about$500). <br /> The projected shortfall in the SWM fund is $625,318 in 1998. <br /> Scenario 8 Indicates how much city taxes would be required annually to pay for Ardan <br /> Avenue and Sherwood Road projects if they are assessed at 20% and still <br /> maintain the $180,000 SWM balance in 1998. <br /> Annual city tax contribution required is $153,000 which results in a 1998 <br /> balance of$182,113 <br />