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Vineyard Hills Water Pumping Pump Station Design fees (remaining) $100,000 Construction Estimate $2,000,000 Construction Support $200,000 Subtotal $2,300,000 Zone 7 Turnout 6 Improvements Zone 7 design review $20,000 Design fees $40,000 Construction Estimate $300,000 Construction Support $50,000 Subtotal $410,000 Total for Required VCSP Water Facilities $8,531,206 Water Reservoir Funding for the Reservoir and Rough Graded Access Road Ideally then, and as provided in the VCSP Financing Program adopted by Council on March 7, 2000, the water reservoir, .access road, pump station and turnout necessary to serve the VSCP area would be funde,¢ solely from the VCSP fees collected from developers in the VCSP area. On the other hand, any over-sizing of these facilities to serve existing or planned new development in areas outside the VCSP area would typically be funded from the City's Water Expansion Fund and/or the City's Water Replacement/Improvement Fund. In addition, because the VCSP and Financing Program recognized that the need for new facilities would occur before adequate funds could be generated from specific plan fees from new development, it was envisioned that the City would use the Water Expansion and Water Replacement Funds to front the cost to construct all the remaining water facilities in the VCSP area, i.e., the tank access road, the pump station and the turnout. To the extent the facilities were constructed to serve development wiWin the VCSP area, the City's Water Funds would be paid back from VCSP fees (collected at the time of fmal map approval). Of the residential dwelling units within the VCSP area (189 new, 14 existing), 127 have already paid their VCSP fees, leaving 76 units that still need to pay their fees. However, the need to build all of the water facilities required for the VCSP exists now, so that they can be in service as close to the summer peak demand period of 2007 as possible. Currently, there is approximately $3.5 million remaining in the CIP project fund for the Vineyard Corridor Water System Improvement Project, CIP No. 011023. This CIP Project was initially set up to fund some of the water system facilities within the VCSP. There is also approximately $2.6 million in the VCSP Infrastructure Project Fund (the current balance of the VCSP fees collected) for a total of $6.1 million. However, of the $2.6 million VCSP SR 06:152 Page 10 of 13