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Attachment <br />Purpose of the Study <br />Parameters <br />1. Assure funds pay for <br />• Capital outlay <br />• Operations <br />• Annual debt service, if applicable <br />2. Provide sufficient cash reserves for <br />• Six months of operating expenses (including depreciation) <br />• Next years' annual debt service (if applicable) <br />3. Review existing contract with City of Arden Hills for wholesale water <br />service <br />10/19/2020 6 <br />