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TOTAL PROJECT COSTS* <br /> <br />ITEM <br /> <br />TOTAL ELIGIBLE INELIGIBLE <br /> <br />Expansion of Plant No. 2 <br />Expansion of Main Lift Station <br />Installation of 20" DIA <br /> 3,700 ft. F.M. <br />New Collection Sewers <br />Collection System Rehabilitation <br />Plant No. I Demolition <br />Lift Station for Mini-system 8 <br /> <br />$4,398,400 $4,398,400 <br />727,800 727,800 <br /> <br />239,700 239,700 -- <br />140,280 108,280 32,000 <br />201,600 142,900 58,700 <br />43,800 -- 43,800 <br />371,200 371,200 -- <br /> <br />TOTAL <br /> <br />$6,122,780 $5,988,280 $134,500 <br /> <br />*Does not include Step I costs. <br /> <br />The following table shows the expected local and federal shares for <br /> <br />this project. <br /> <br />FEDERAL AND LOCAL SHARE OF PROJECT COSTS <br /> <br />Sludge land application (alternative <br /> technology)-85% federal funding <br /> <br />All other project costs-75% federal <br /> funding <br /> <br />Ineligible costs <br /> <br /> TOTAL <br /> <br /> ELIGIBLE <br />FEDERAL LOCAL TOTAL <br /> <br />187,850 $ 33,150 $ 221,000 <br /> <br />4,325,460 <br /> <br />$4,513,310 <br /> <br />1,441,820 5,767,280 <br />134,500 <br /> <br />$1,609,470 $5,988,280 <br /> <br /> If the City of San Marcos chooses to fund its share of the project by <br />revenue bonds, such bonds could currently be obtained for approximately <br />12.5% for 20 years. The annual debt service would be approximately <br />$235,000 per year. <br />SCHEDULE <br /> <br /> Because of the pollution problems and continued inflation, it would <br />be best if the design and construction is accomplished as soon as possible. <br />The proposed schedule would also be the best approach in obtaining the <br />funds from EPA as soon as possible. EPA has, for all practical purposes, <br /> <br /> <br />