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payments from this source. Currently the City's water rates for Tier 3 and 4 residential <br />rates, all commercial and multifamily rates and irrigation rates include a $.10 per 100 <br />cubic feet surcharge for recycled water. These funds, currently approximately $450,000 <br />per year, will be used to repay the loan for the recycled water project. The loan will <br />cover the construction costs associated with developing the recycled water system <br />Submitted by: <br />Daniel Smith <br />Director of Operation Services <br />Fiscal Review: <br />Emily Wagner <br />Director of Finance <br />Attachments: <br />1. Reimbursement Resolution <br />2. Pledged Revenue and Fund Resolution <br />Page 3 of 3 <br />Approved y: <br />Nelson Fialho <br />City Manager <br />