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DEPARTMENT OF NATURAL RESOURCES AND ENVIRONMENTAL CONTROL

DEPARTMENT OF NATURAL RESOURCES AND ENVIRONMENTAL CONTROL. Delaware Water Pollution Control Revolving Loan Fund City of Rehoboth Beach December 15, 2008 DIVISION OF WATER RESOURCES FINANCIAL ASSISTANCE BRANCH Terry L. Deputy, CEcD.

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DEPARTMENT OF NATURAL RESOURCES AND ENVIRONMENTAL CONTROL

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  1. DEPARTMENT OF NATURAL RESOURCES ANDENVIRONMENTAL CONTROL Delaware Water Pollution Control Revolving Loan Fund City of Rehoboth Beach December 15, 2008 DIVISION OF WATER RESOURCES FINANCIAL ASSISTANCE BRANCH Terry L. Deputy, CEcD

  2. Delaware Water Pollution Control Revolving Loan FundCity of Rehoboth Beach • Presentation Purpose • To provide the City of Rehoboth Beach with an overview of the Delaware Water Pollution Control Revolving Loan Fund (WPCRLF) • To provide an overview of possible wastewater user rates, given an assumedproject cost, assumingthat the project is fully funded through the WPCRLF, and other cost variables taken from the Stearns & Wheler Report. • To be a resource to the City of Rehoboth Beach once a wastewater disposal option is selected.

  3. Delaware Water Pollution Control Revolving Loan FundCity of Rehoboth Beach • Clean Water SRF Overview • 1987 - Federal grant assistance for construction of wastewater facilities was replaced with a revolving loan fund program • Communities are required to repay wastewater infrastructure loans, thereby providing a source of funds for new loans • 1990 - Delaware Water Pollution Control Revolving Loan Fund program was created; federal capitalization grants seed the program along with required twenty percent state matching funds • Clean Water Advisory Council, is charged with evaluating, establishing, and recommending strategies, plans, and procedures to help ensure the long-term provision of adequate wastewater facilities in Delaware

  4. Delaware Water Pollution Control Revolving Loan FundCity of Rehoboth Beach • Assumption: Project Cost - CWSRF loan $36,000,000 • Annual Debt Service @ 3.06% /20 years 2,419,951 • Estimated annual O,M, R cost* 418,000 • Total Annual Cost $ 2,837,951 • Initiation of Operations: 2012 • Projected MHI: 2012 $ 72,051 • EDU’s @ Initiation of Operations:* • Residential: 2,115 • Commercial: 1,302 • Total EDU’s 3,417 • Residential share of Total SRF loan annual cost @ 62% $ 1,759,530 • Projected Annual Residential Cost per EDU $ 832 • Existing Annual Rate per EDU( in 2012 $s)* 344 $ 1,176 • Affordability index per EDU 1.63 * Stearns & Wheeler, LLC report, 2005

  5. Delaware Water Pollution Control Revolving Loan FundCity of Rehoboth Beach Questions

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