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v <br /> •• _�• . 1 .� JY! • YM3 f A 1 M C••• - S t y!y+l,om " <br /> •;. • nr• ea�plalaed • i14t there V M a i�cr[+,A,o0," _ <br /> • " . the t �* `to Council <br /> Mil wadi st.4,doottgl of $21,00$ £* •, <br /> await 1b Cif is also hua4lwp , <br /> for oca Ya •S.Solhir HMO O t t <br /> . t. apparent lieu. I it has beest sir , .. g_ <br /> russ cs14 slip s doors, paneeeated = . <br /> options and the financial, of each opts t . <br /> caste at•r tssstaest pleat espenaiodt. . Stalk, ii <br /> reoassending that Council approve the 2.1 lifd <br /> eapaasios. Caldwell outlined the revenue effect <br /> of increasing crates by less than two dollars and <br /> that rates are sowswhat subsidised by tap revenuer <br /> in this oamrrersity. In Louisville, the rated would <br /> be tely 113 as opposed to the curtest <br /> for average user. rhes the City Isaias fewer <br /> bonds, there is a better fond balance because of <br /> this subsidy each year. Caldwell stressed that <br /> both plans were developed as a results of the <br /> assumptions that Council directed him to work <br /> vitb, e.g., keeping rates at a reasoneble level, <br /> keeping growth projections within the current plea <br /> guidelines. Also, the bond structure used was <br /> selected by Council in that instead of having <br /> annual payments the same, there is an increasing <br /> principle at the end of the bond issue. lima <br /> moans that future residents and businesses that <br /> come in will pay a fair share and not shift the <br /> debt burden to current residents. Moth plans work <br /> and will allow the City to finance the 2.1 aqd <br /> expansion by issuing revenue bonds, and both plans <br /> can be accomplished within the revenue assumptions <br /> of keeping rates lower than a $2 increase for the <br /> aresags naer, Caldwell explained. <br /> Caldwell further explained that in both plans <br /> parieeated it is seamed that 1omart users are not <br /> making a*1 0 per average user, as they love removed' and <br /> purchased their o4ty. Y 1 lust rated is Plus h <br /> Smart is not provg .700,000 to write-down the <br /> sine of the boad issue by buying additional <br /> capacity which they have the right to under <br /> =mot .o►txaot. is plan h, gusset sir pcorriding <br /> *740.000 to parches* their 04d/timbal ��t� <br /> ti bet), lass . s *x. use sot <br /> UAW is adds Msthly bi 1 lings. <br /> Caldwell sscow..aded to Council to per t- <br /> re�o•rMeadat go* tk 2.1 std .plant. <br /> pianist lessail with the two options suai have tins <br /> choose wish optic* prior to *iris, the bond <br /> issue. '!h1 s 1,0114 t with dvaart xegetisea, the <br /> S. ,. •• . - <br />