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<br />("\ <br />',.". <br />.<<_.."c..:-, :~ <br />. <br /> <br />Funding: <br /> <br />The meter replacement program would be funded through the water utility fund. At this time <br />there is a positive capital balance in the Water Utility Fund. A portion of the balance could be <br />used to fmance this project. All ofthe numbers presented in this case are close estimates, but <br />will require additional refmement before a program is established. <br /> <br />Staff is recommending Option A. a five year replacement program would have the benefit of <br />eliminating the contracted meter reading costs in only five years which is also our contract <br />time with Opus 21. The City of Ramsey is also a growing city with a small amount of water <br />accounts and the advantage of the builders paying up front for all new accounts would save <br />the city money in the future. <br /> <br />Action Statement: <br /> <br />Based upon discussion <br /> <br />CCWS: <br /> <br />02/12/08 <br /> <br />. Page 2 <br />