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<br />a. Over the life of the project, charges for water and sewer <br />facilities should be approximately equal to their costs <br />(based upon construction of combined facilities). <br /> <br />b. In particular years where excess cost of water and sewer <br />_ facilities occurs because large-scale investments are <br />required, ad valorem tax revenues could contribute to <br />water and sewer facilities debt service. <br /> <br />c. In particular years where excess sewer and water revenues <br />exist (remaining benefits), these could be allocated to <br />repay other facilities debt charges. <br /> <br />d. In no case, however, should aggregat~water and sewer <br />charges exceed aggregate water and sewer facilities <br />costs over the project life; nor should such charges <br />exceed the upper competitive rates charged elsewhere in <br />the San Francisco region where similar development condi- <br />tions exist. <br /> <br />These guidelines were the basis for the pro-forma analysis contained <br />in the feasibility study and are further adhered to in the proposed <br />ordinance. <br /> <br />JLK:kmh <br />5-9-69 <br /> <br />~ <br /> <br />~ <br /> <br />T <br />