Minutes-9/8/1998 (3)

CITY OF TIFFIN CAPITAL IMPROVEMENT PLAN FINANCIAL CONSIDERATIONS - SEPTEMBER 8, 1998 1. Basic Assumptions on Financial Projections * TIF Revenues - will peak at $161,940 - then level * Water Revenues - 10% increase per year for three years - then level * Sewer Revenues - 10% increase per year three years - then level * Recommended limit on available debt service capacity - 70% 2. Continuation of debt payment of 1995 G.O. Bond from the water and sewer funds. 3. Review Project List and Ranking and discuss the various ways to fund the projects. 4. The City's new water rates have been in effect for 16 months. The new sewer rates have been in effect for 12 months.