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<br />Fiscal Impact <br />The Water Financing Plan - 2006 Update was approved by the City Council on January <br />23, 2006, concurrent with the Council's authorization to issue a second series of Water <br />Revenue Bonds to finance the construction of Phase One of the Recycled Water Project. <br />Bond proceeds in the estimated amount of $23,500,000 will be deposited into the project <br />Trustee Account in the first week of March, 2006. Funding for this portion of the project <br />construction is available from the Trustee Account. <br /> <br /> <br />~1 <br /> <br />Chu Chang, P.E. <br />Manager, Engineering and <br />Construction <br /> <br /> <br />I atterson <br />0 munity Development <br />Services Director <br /> <br />JP/PD:ss <br />sIIibrary/reportslphong/Award_Recycle Water ProjectRWS_Bid 1 <br /> <br />Page 3 of 3 <br /> <br />6.1D <br />Page 3 <br /> <br />?¡jJ-- <br /> <br />Everett <br />City Manager <br /> <br />.,-"^,....,..",..._"..._,..,--,,_.._- --,-,-".. <br /> <br />,-_..,-,..".._"",--_..",..-,. , <br />