City Council Minutes 1984 09 04 - Laserfiche WebLink

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9/4/84 Page -8- Eill Schuler, Rocky Moun- In reply to Councilman Leary's inquiry, Mr. tain Consultants Schuler stated that the projected schedule was consistent with the City's 20 year capital improvment plan for the wastewater plant. Director Asti-Caranci advised that $220,000 was budgeted in 1984 for the engineering and design for the 1985 wastewater plant ex- pansion. From this amount there were some items left out of the 1983 expansion and to date $173,625 has been spent; therefore there is $46,375 remaining. She also stated that there is funds to do the engineering and design for the 1985 expansion this year but the budget would need to be amended - this line item. She planned to present this to council at the next meeting along with other line item amendments in other funds. RECESS Mayor Meier called a recess at 8:47 P.M. Meeting reconvened at 9:06 P.M. nirector Asti-Caranc~ At the request of Councilman Leary, Ms. Asti- Caranci stated the beginning fund balance in the Wastewater CIP for 1985 has been esti- mated at 1.950 million dollars, revenues for 1985 would make a total of 3.1 million dollars, expenditures of 2.482 which included the plant expansion, some engineering, bond retirement, development reimbursements, etc. For the plant expansion in the CIP program 1.980 for the construction and $100,000 for the engineering for 1985. These projections were based on 400 residential and 50 commer- cial equivalent taps. The beginning balance was based on all allocated taps being pur- chased this year. Councilman Luce Inquired if there was a conventional per- centage that is used in the industry that serves as a buffer number on the other end of the system, and if so, what is that? Mr.Schuler stated he did not know of a con- ventional figure. He felt that if a 10% buffer was kept as a minimum and most of the time this will be greater. Most of the time when you build a new facility - for example