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TABLE III <br /> <br /> INDUSTRIAL SERVICE AREA TRUNK SANITARY SEWER <br /> <br /> FINANCING SUMMARY <br /> <br /> (R.E.C. Basis) <br /> <br />Estimated Net Trunk Cost <br />Charge per R.E.C. <br />Total R.E.C.'s* <br /> <br />Total Assessed Cost (1271.8 x <br />$398.29) = $506,545.22 <br /> <br />Tax Increment Financing $633,990.48 <br /> <br />$1,140,535.70 <br /> <br /> $398.29 <br /> 1,271.8 <br /> <br />* One-acre Commercial/Industrial Lot = 5.5 R.E.C.'s <br /> <br />Water System <br /> <br />Based on the City's assessment ordinance, it is recommended to <br />assess the water trunk source and storage on a R.E.C. basis. <br /> <br />As is in the case of sanitary sewer, to utilize the R.E.C. <br />charge, the total system cost must be determined. Based on the <br />estimated cost in the City's Comprehensive Water Plan and todays <br />ENR index, the current estimated cost per R.E.C. for water <br />trunk, source and storage facilities is $885.87. <br /> <br />12 <br /> <br /> <br />