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31 <br /> The current plan that the City has in place provides interest earnings, which adequately <br /> . cover the current operation and maintenance costs plus is providing substantial funding <br /> (currently over $100,000 annually) for building replacement costs. <br /> My recommendation would be to designate the interest earnings, which exceed the <br /> annual operation and maintenance costs into a building replacement improvement fund. <br /> This will define money for plant replacement costs without putting the burden on the <br /> residents of St. Anthony, which has been the goal of the City Council since the <br /> inception of the contaminated water problem. <br /> In addition, the establishment of a long range building replacement fund provides the <br /> opportunity for long term investment philosophy, which will increase the yield of the <br /> portfolio. <br />