WW Project Pages.xlsx - City of Springfield

MiscellaneousWastewater System Expansion and UpgradesFunding Programmed: YesAccount # NASanitary Sewer Interceptor - Debt Service Improvement SDC Eligibility: 8.3%Project Description: Annual payment of 20 year revenue bonds and State Revolving Fund (SRF) loan to fund the SouthSpringfield Interceptor.Justification: A portion of the South Springfield Interceptor sewer was funded with loans and bonds amortized over a 20year period. The SRF loan of $1,075,000 for Phase 1 resulted in an annual payment of $75,000. In Phase II, the $3.3million revenue bond sold in 1995 resulted in an annual payment of $285,000. The payment on the $2,900,000 DEQRevolving Loan for Phase III in FY 1998 equals $300,000 per year.Project Driver: Springfield desires to provide services to areas within the Urban Growth Boundary (UGB) to promotefuture urban development.Project Trigger: Bond SaleProject Status: In repaymentSpecific Plans/Policies Related to this Project:Council Direction1980 Wastewater Master PlanEXPENDITURE SCHEDULE ($000s)Project Element Total Thru 2011 2012 2013 2014 2015 2016 Beyond 2016Planning $ -Engineering $ -Land/Right of Way $ -Construction $ -Other (Debt Pymt) $ 1,934 $ 606 $ 457 $ 312 $ 315 $ 244Total $ 1,934 $ 606 $ 457 $ 312 $ 315 $ 244 $ - $ -OPERATIONAL IMPACT ($000s)Project Element Total Thru 2011 2012 2013 2014 2015 2016 Beyond 2016Maintenance Costs $ -Personnel Costs $ -Total $ - $ - $ - $ - $ - $ - $ - $ -FUNDING SOURCE ($000s)Source Fund # Total Thru 2011 2012 2013 2014 2015 2016 Beyond 2016Special Assmt. $ -Revenue Bonds 420 $ -User Fees 409 $ 1,914 $ 606 $ 437 $ 312 $ 315 $ 244Federal Aid 420 $ -State Aid 420 $ -SDCs, Imp. 443 $ 20$ 20SDCs, Reimb. 442UnspecifiedTotal $ 1,934 $ 606 $ 457 $ 312 $ 315 $ 244 $ - $ -2012-2016 Capital Improvement Program Page 189