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Fee P
<br />Utility
<br />Monthly
<br />Franchise
<br />Fee*
<br />Estimated Project Costs
<br />(Franchise Fee Portion
<br />Onl See Chart**
<br />Franchise
<br />Revenue
<br />Generated
<br />ranchise Fee
<br />Rebate****
<br />Funds
<br />Remaining
<br />$5.00 per utility
<br />$ 10
<br />2020
<br />$ (259,098)
<br />***
<br />$ 1,471,860
<br />$ (40,443)
<br />$ 1,172,319
<br />$ 10
<br />2021
<br />$ (2,211,174)
<br />$ 1,471,860
<br />$ (40,443)
<br />$ 392,562
<br />$ 10
<br />2022
<br />$ (2,147,291)
<br />$ 1,471,860
<br />$ (40,443)
<br />$ (323,311)
<br />$ 10
<br />2023
<br />$ (2,522,422)
<br />$ 1,471,860
<br />$ (40,443)
<br />$ (1,414,316)
<br />$ 10
<br />2024
<br />$ (2,466,927)
<br />$ 1,471,860
<br />$ (40,443)
<br />$ (2,449,826)
<br />$6.00 per utility
<br />$ 12
<br />2020
<br />$ (259,098)
<br />***
<br />$ 1,695,708
<br />$ (44,343)
<br />$ 1,392,267
<br />$ 12 I 2021 I $ (2,211,174)1 I $ 1,695,708
<br />$ (44,343)1 $ 832,458
<br />$ 12
<br />2022
<br />$ (2,147,291)
<br />$ 1,695,708
<br />$ (44,343)
<br />$ 336,532
<br />$ 12
<br />2023
<br />$ (2,522,422)
<br />$ 1,695,708
<br />$ (44,343)
<br />$ (534,525)
<br />$ 12
<br />2024
<br />$ (2,466,927)
<br />$ 1,695,708
<br />$ (44,343)
<br />$ (1,350,087)
<br />$7.00 per utility
<br />$ 14
<br />2020
<br />$ (259,098)
<br />***
<br />$ 1,926,084
<br />$ (46,521)
<br />$ 1,620,465
<br />$ 14
<br />2021
<br />$ (2,211,174)
<br />$ 1,926,084
<br />$ (46,521)
<br />$ 1,288,854
<br />$ 14
<br />2022
<br />$ (2,147,291)
<br />$ 1,926,084
<br />$ (46,521)
<br />$ 1,021,126
<br />$ 14
<br />2023
<br />$ (2,522,422)
<br />$ 1,926,084
<br />$ (46,521)
<br />$ 378,267
<br />$ 14
<br />2024
<br />$ (2,466,927)
<br />$ 1,926,084
<br />$ (46,521)
<br />$ (209,097)
<br />$7.25 per utility
<br />$ 14.50
<br />2020
<br />$ (259,098)
<br />***
<br />$ 1,980,414
<br />$ (47,021)
<br />$ 1,674,295
<br />$ 14.50
<br />2021
<br />$ (2,211,174)
<br />$ 1,980,414
<br />$ (47,021)
<br />$ 1,396,514
<br />$ 14.50
<br />2022
<br />$ (2,147,291)
<br />$ 1,980,414
<br />$ (47,021)
<br />$ 1,182,616
<br />$ 14.50
<br />2023
<br />$ (2,522,422)
<br />$ 1,980,414
<br />$ (47,021)
<br />$ 593,587
<br />$ 14.50
<br />2024
<br />$ (2,466,927)
<br />$ 1,980,414
<br />$ (47,021)
<br />$ 60,053
<br />$8.00 per utility
<br />$ 16
<br />2020
<br />$ (259,098)
<br />***
<br />$ 2,149,932
<br />$ (48,609)
<br />$ 1,842,225
<br />$ 16
<br />2021
<br />$ (2,211,174)
<br />$ 2,149,932
<br />$ (48,609)
<br />$ 1,732,374
<br />$ 16
<br />2022
<br />$ (2,147,291)
<br />$ 2,149,932
<br />$ (48,609)
<br />$ 1,686,406
<br />$ 16
<br />2023
<br />$ (2,522,422)
<br />$ 2,149,932
<br />$ (48,609)
<br />$ 1,265,307
<br />$ 16
<br />2024
<br />$ (2,466,927)
<br />$ 2,149,932
<br />$ (48,609)
<br />$ 899,703
<br />* Residential Rates only. Commercial/industrial are based on meter size
<br />**See attached chart showing engineers estimate of project costs for years 2020-2024.
<br />***First year of project cost has been reduced by $202,000 which is the remaining 2013 excess road funds
<br />****75% of eligible rebate
<br />Possible Other Funding Sources (one-time funding):
<br />Capital Maintenance Fund: $835,000
<br />Public Improvement Fund (PIR): Approximately $2M not currently committed. Unknown is City's share for Hwy 10
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