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06-15-15-WS
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/>0 <br />0 <br />0 <br />$ <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Ac <br />t <br />u <br />a <br />l <br />Fi <br />n <br />a <br />l <br /> De <br />s <br />i <br />g <br />n <br /> Co <br />n <br />t <br />r <br />a <br />c <br />t <br /> wi <br />t <br />h <br /> Co <br />u <br />n <br />t <br />y <br /> <br />2 <br />0 <br />0 <br />, <br />0 <br />0 <br />0 <br />$ <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Es <br />t <br />i <br />m <br />a <br />t <br />e <br />Ut <br />i <br />l <br />i <br />t <br />y <br /> Ra <br />t <br />e <br /> St <br />u <br />d <br />y <br /> <br />2 <br />0 <br />, <br />0 <br />0 <br />0 <br />$ <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Es <br />t <br />i <br />m <br />a <br />t <br />e <br /> <br />U <br />t <br />i <br />l <br />i <br />t <br />y <br /> Fu <br />n <br />d <br />s <br /> <br />N <br />o <br />n <br />e <br /> <br />N <br />o <br />t <br /> Re <br />p <br />a <br />i <br />d <br />St <br />u <br />d <br />y <br /> to <br /> as <br />s <br />i <br />s <br />t <br /> in <br /> si <br />z <br />i <br />n <br />g <br /> appropriate SAC, WAC and connection <br />fe <br />e <br />s <br /> to <br /> ti <br />e <br /> ba <br />c <br />k <br /> to <br /> development costs and on ‐going/future <br />ma <br />i <br />n <br />t <br />e <br />n <br />a <br />n <br />c <br />e <br /> and capital costs <br />St <br />o <br />r <br />m <br /> Wa <br />t <br />e <br />r <br /> Fe <br />a <br />t <br />u <br />r <br />e <br />s <br />/ <br />E <br />n <br />h <br />a <br />n <br />c <br />e <br />m <br />e <br />n <br />t <br />s <br />‐ <br />$ <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />N/ <br />A <br /> <br />N <br />/ <br />A <br /> <br />N <br />/ <br />A <br /> <br />N <br />/ <br />A <br />Ne <br />e <br />d <br /> to <br /> de <br />t <br />e <br />r <br />m <br />i <br />n <br />e <br /> if the City wants any enhancements to the <br />ac <br />t <br />u <br />a <br />l <br /> ponds (i.e. fountains, etc.) <br />TO <br />T <br />A <br />L <br /> <br />3 <br />8 <br />9 <br />, <br />0 <br />0 <br />0 <br />$ <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />N/ <br />A <br /> <br />N <br />/ <br />A <br /> <br />N <br />/ <br />A <br /> <br />N <br />/ <br />A <br />GR <br />A <br />N <br />D <br /> TO <br />T <br />A <br />L <br /> <br />8 <br />1 <br />5 <br />, <br />0 <br />0 <br />4 <br />$ <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />N/ <br />A <br /> <br />N <br />/ <br />A <br /> <br />N <br />/ <br />A <br /> <br />N <br />/ <br />A <br />No <br />t <br />e <br />s <br />: <br />1. <br /> <br />Re <br />p <br />a <br />y <br />m <br />e <br />n <br />t <br /> of <br /> pl <br />a <br />n <br />n <br />i <br />n <br />g <br />/ <br />p <br />r <br />e <br />d <br />e <br />v <br />e <br />l <br />o <br />p <br />m <br />e <br />n <br />t <br /> co <br />s <br />t <br />s <br /> is <br /> de <br />p <br />e <br />n <br />d <br />e <br />n <br />t <br /> up <br />o <br />n <br /> ho <br />w <br /> qu <br />i <br />c <br />k <br />l <br />y <br /> la <br />n <br />d <br /> is <br /> so <br />l <br />d <br /> an <br />d <br /> re <br />p <br />l <br />a <br />t <br />t <br />e <br />d <br /> fo <br />r <br /> ne <br />w <br /> de <br />v <br />e <br />l <br />o <br />p <br />m <br />e <br />n <br />tNo <br />n <br />e <br />. <br /> <br />Pa <br />i <br />d <br /> by <br /> as <br />s <br />e <br />s <br />s <br />m <br />e <br />n <br />t <br />s <br /> ti <br />e <br />d <br /> to <br /> <br />de <br />v <br />e <br />l <br />o <br />p <br />a <br />b <br />l <br />e <br /> la <br />n <br />d <br />. <br />2. <br /> <br />It <br /> is <br /> an <br />t <br />i <br />c <br />i <br />p <br />a <br />t <br />e <br />d <br /> th <br />a <br />t <br /> co <br />n <br />s <br />t <br />r <br />u <br />c <br />t <br />i <br />o <br />n <br /> of <br /> th <br />e <br /> Sp <br />i <br />n <br />e <br /> Ro <br />a <br />d <br /> an <br />d <br /> un <br />d <br />e <br />r <br />l <br />y <br />i <br />n <br />g <br /> tr <br />u <br />n <br />k <br /> ut <br />i <br />l <br />i <br />t <br />i <br />e <br />s <br /> wi <br />l <br />l <br /> co <br />m <br />m <br />e <br />n <br />c <br />e <br /> in <br /> 20 <br />1 <br />6 <br />. <br /> <br />To <br /> th <br />e <br /> ex <br />t <br />e <br />n <br />t <br /> th <br />e <br /> si <br />t <br />e <br /> is <br /> re <br />a <br />d <br />y <br /> fo <br />r <br /> ro <br />a <br />d <br /> an <br />d <br /> ut <br />i <br />l <br />i <br />t <br />y <br /> wo <br />r <br />k <br /> pr <br />i <br />o <br />r <br /> to <br /> th <br />i <br />s <br />, <br /> bo <br />n <br />d <br />s <br /> co <br />u <br />l <br />d <br /> be <br /> <br />is <br />s <br />u <br />e <br />d <br /> in <br /> 20 <br />1 <br />5 <br />. <br />Pl <br />a <br />n <br />n <br />i <br />n <br />g <br />/ <br />P <br />r <br />e <br />d <br />e <br />v <br />e <br />l <br />o <br />p <br />m <br />e <br />n <br />t <br />Tr <br />u <br />n <br />k <br /> Ut <br />i <br />l <br />i <br />t <br />i <br />e <br />s <br /> & St <br />o <br />r <br />m <br /> Wa <br />t <br />e <br />r <br />Ci <br />t <br />y <br /> au <br />t <br />h <br />o <br />r <br />i <br />z <br />e <br />d <br /> an <br /> Interfund loan of $500,000 in 2013 and is <br />ch <br />a <br />r <br />g <br />i <br />n <br />g <br /> 3% <br /> in <br />t <br />e <br />r <br />e <br />s <br />t <br /> until paid in full. Current unspent <br />pr <br />o <br />c <br />e <br />e <br />d <br />s <br /> of <br /> this loan are approximately $74,000. None <br />10 <br /> Ye <br />a <br />r <br />s <br />20 <br />1 <br />6 <br />Co <br />n <br />t <br />r <br />a <br />c <br />t <br />Fe <br />e <br />s <br /> to <br /> be <br /> ch <br />a <br />r <br />g <br />e <br />d <br /> to <br /> la <br />n <br />d <br /> an <br />d <br /> <br />pa <br />i <br />d <br /> at <br /> ti <br />m <br />e <br /> of <br /> pl <br />a <br />t <br /> (w <br />i <br />l <br />l <br /> be <br /> <br />si <br />z <br />e <br />d <br /> to <br /> pa <br />y <br /> bo <br />t <br />h <br /> pr <br />i <br />n <br />c <br />i <br />p <br />a <br />l <br /> an <br />d <br /> <br />in <br />t <br />e <br />r <br />e <br />s <br />t <br /> ow <br />e <br />d <br />) <br />Bo <br />n <br />d <br /> is <br />s <br />u <br />e <br /> fo <br />r <br /> Tr <br />u <br />n <br />k <br /> Ut <br />i <br />l <br />i <br />t <br />i <br />e <br />s <br /> <br />(C <br />i <br />t <br />y <br /> re <br />i <br />m <br />b <br />u <br />r <br />s <br />e <br />d <br /> at <br /> bo <br />n <br />d <br /> <br />cl <br />o <br />s <br />i <br />n <br />g <br />) <br /> an <br />d <br /> de <br />b <br />t <br /> se <br />r <br />v <br />i <br />c <br />e <br /> pa <br />i <br />d <br /> <br />by <br /> as <br />s <br />e <br />s <br />s <br />m <br />e <br />n <br />t <br />s <br /> ti <br />e <br />d <br /> to <br /> th <br />e <br /> <br />de <br />v <br />e <br />l <br />o <br />p <br />a <br />b <br />l <br />e <br /> la <br />n <br />d <br />$1 <br />, <br />4 <br />4 <br />1 <br /> NE <br />W <br /> de <br />v <br />e <br />l <br />o <br />p <br />m <br />e <br />n <br />t <br /> fe <br />e <br /> <br />pe <br />r <br /> ac <br />r <br />e <br /> (a <br />s <br />s <br />u <br />m <br />e <br />s <br /> 34 <br />7 <br /> de <br />v <br />e <br />l <br />o <br />p <br />a <br />b <br />l <br />e <br /> <br />ac <br />r <br />e <br />s <br />). <br />Th <br />i <br />s <br /> am <br />o <br />u <br />n <br />t <br /> wi <br />l <br />l <br /> li <br />k <br />e <br />l <br />y <br /> ne <br />e <br />d <br /> to <br /> <br />in <br />c <br />r <br />e <br />a <br />s <br />e <br />d <br /> to <br /> ac <br />c <br />o <br />u <br />n <br />t <br /> fo <br />r <br /> in <br />t <br />e <br />r <br />e <br />s <br />t <br /> un <br />t <br />i <br />l <br /> <br />re <br />p <br />a <br />i <br />d <br />.
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