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<br />
<br />Capital Improvement Program
<br />
<br />The City's projected capital improvement plan for the Enterprise for Fiscal Year 2005-06
<br />through Fiscal Year 2009-10 is set forth below. The City intends to fund its capital improvement
<br />plan through fund balances, current revenues and bond proceeds.
<br />
<br />Through Fiscal Year 2004-05, the City had expended or committed a total of
<br />$32,621,500 of Recycled Water Project costs, $30,516,536 of which were expended or
<br />committed in Fiscal Year 2004-05 and $2,104,964 of which were expended or committed in
<br />prior fiscal years. Additionally, the City expended or committed $1,500,000 for its water
<br />conservation program in Fiscal Year 2004-05.
<br />
<br />Table 5
<br />Capital Improvement Program Summary
<br />(In $ Millions)
<br />
<br /> FY 2005-06 FY 2006-07 FY 2007-08 FY 2008-09 Total
<br />Repair & Replacement $2,000,000 $2,000,000 $2,000,000 $2,000,000 $8,000,000
<br />Water Conservation 900,000 250,000 250,000 250,000 1,650,000
<br />Recycled Water Project [1] 16477.000 17.000,000 6,270,000 12.774,500 52,521.500
<br />Total $19,377,000 $19,250,000 $8,520,000 $15,024,500 $62,171,500
<br />
<br />[1] $32.621,500 of Recycled Water Project expenses were incurred in prior fiscal years. Total Recycled Water Project costs are estimated at
<br />$85,143,000.
<br />Source: City of Redwood City - Public Works Services (Urban Water Management Plan 2005).
<br />
<br />For the past 12 years, the City has spent $2,000,000 per year from fund balances and
<br />current revenue in order to replace aging facilities and equipment of the Enterprise.
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