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<br />Policy 2-2: The City will maintain a high level of <br />financial stability and will not compromise <br />its long-term integrity to achieve short-term <br />benefits. <br /> <br />Policy 2-3: Long-term revenue bonds will be used WDen it <br /> <br />lS desirable to spread the cost of capital <br />assets over their useful life. In financing <br /> <br />these improvements, the City will establish <br /> <br />rates and debt financing patterns, terms, and <br /> <br />repayment schedules sufficient to maintain at <br /> <br />least 50% equity In its system over the <br /> <br />long-term planning horizon. <br />Policy 2-4: The City will take full advantage of existing <br /> <br />differences between interest rates on <br /> <br />tax-exempt and taxable securities and will <br /> <br />take advantage of all iwvestment opportunities <br />of cash on hand. <br /> <br />Objective 3: To establish rates and charges for service which <br /> <br />will assign costs of the expansion of the utility <br /> <br />system on nevI develo}Aflent In a fair and equitable <br /> <br />manner. <br /> <br />Policy 3-1: The City will establish a capital recovery fee <br /> <br />for the water and wastewater system which will <br /> <br />assess and asslgn costs of expanslon on new <br /> <br />development. <br /> <br />Policy 3-2: The City will establish Limi'ced Purpose <br /> <br />Municipal utility Districts only where it lS <br /> <br />found to be advantageous for the long-term <br /> <br />good of the utility system. <br /> <br />Policy 3-3: The City vlil1 attemp'c to set "life line" rates <br /> <br />by 1985 and after a determination lS made by <br /> <br />City Council that a convincing public <br />necessity requires it. <br />