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Assume service charges equal
to 1C<y/f of the water bill, or
$5.00 minimum & $6.50 average
Average income from connection
charges over first 20 years $3,140
Average income from
service changes equals $0,825
Total average annual
income $13,165
Average annual operating
costs $ 2,620
Net average
annual income $10,545 Assuming a 40 year, Wbond issue or loan with a 1.1 coverage, the above annual income will finance $164,000 This leaves a balance of $86,000 to be financed with outside assistance. If a federal grant <»r grants are provided, the amount needed will equul 34.4' f of the | reject cost. It seems probably that this amount could be provided by a combination of funds from the Farmer’s Home Administration and the Water Pollution Control Administration. It is recommended that plans be developed for the Sperryville Sewerage System.
The above preliminary costs and rates are set forth in the aforesaid report of Martin-t lifford & Associates, and shall be subject to increase and other adjustments to the extent found necessary.
In witness whereof the Hoard of Supervisors of Rappahannock County, Virginia, has caused these articles 1 o be executed in the name of Rappahannock County, Virginia by J. N. Miller, Chairman of the Hoard of Supervisors of Rappahannock Conuty to be affixed hereto and attached by the Clerk of the Hoard.
This 12th duv of April, 11168. s/K. M. .IONFS
s/J. N. MIIvLKR, Chairman
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