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<br />8e <br />Page 41 <br /> <br />Table 5 <br />Capital Improvement Program Summary <br />(In $ Millions) <br /> <br /> I Water Recycled Water FY ! <br /> I <br /> Renair & Renlacement Conservation Proiect r11 Total <br /> I <br />Prior FYs I NA NA , $26,090,011 $26,090,011 <br /> i <br /> I i <br />FY 2006-07 $2,000,000 $ 250,000 i 23,648,720 25,898720 <br />FY 2007-08 2,000,000 250,000 I 13,957,676 16,207,676 <br />FY 2008-09 2,000,000 250,000 I 8,672,093 10,922,093 <br /> i <br />FY 2009-1 0 2.000.000 250,000 2,250,000 <br />Total $8,000.000 $1,000,000 $72,368,500 $81,368,500 <br /> <br />[1J Total Recycled Water Project costs, including Phase 2 (assuming the City proceeds with Phase 2), are estimated at <br />~os:: '1.11'2 flrv, <br />~V-.J, P'h,J,UUU. <br />Source: City of Redwood City - Finance Department. <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. <br /> <br />Table 5 above excludes funding for potential water tanks that the City anticipates will be <br />needed to serve both existing customers and future development during emergency responses. <br />The cost of the water tanks (through existing tank retrofit and/or installation of a new tank or <br />tanks) for the City's portion is estimated to be approximately $4 million, which the City has not <br />yet determined how to finance. <br /> <br />26 <br />