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SUMMARY OF UTILITY USER FEES INCLUDED IN THE CIP
<br /> FY 2009 -10 FY 2010 -11 FY 2011 -12 FY 2012 -13 TOTAL
<br /> WATER $919,146 $1,019,429 $1,719,613 $1,819,627 $5,477.815
<br /> SEWER $1,515,409 $1,319,765 $1,323,231 $1,319,862 $5,478,267
<br /> TOTAL $2,434,555 $2,339,194 $3.042,844 $3,319,489 $10,965,082
<br /> Vineyard Avenue Specific Plan Loans
<br /> In March 2007, the City Council approved the Vineyard Avenue Corridor Infrastructure Financing Plan
<br /> (Financing Plan) to fund water and sewer projects included in the Vineyard Avenue Corridor Specific
<br /> Plan (VCSP). This Financing Plan included three loans from the CIP Water and Sewer Fund as follows:
<br /> VINEYARD AVENUE SPECIFIC PLAN LOANS
<br /> Loan Description and Source Amount
<br /> Sewer CIP Replacement and Improvement $1,178,625
<br /> Water CIP Replacement and Improvement Loans (2) $7,231,944
<br /> Total $8,410,569
<br /> In accordance with the Financing Plan, repayment of the loans is programmed to come from the
<br /> following sources:
<br /> VINEYARD AVENUE SPECIFIC PLAN LOAN PAYMENT SOURCES
<br /> Sources for Loan Pa ment Amount
<br /> Future Vine and Corridor S.ecific Plan Fees $5,326,000
<br /> Reimbursement Due Cit from Develo•ers and Agencies $2,429,569
<br /> Potential Fourth Tier Water Rate Adjustment $655,000
<br /> Total 58,410,569
<br /> At the time of Council's action, staff indicated it would track loan payments as part of the CIP. As can
<br /> be assumed, at this time, due to the lack of development activity, there has not been any significant
<br /> collection of revenue to repay these loans. However, the table below reflects the status to date.
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