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� r o <br /> COMPUTATION RE SECOND 5/23/66 <br /> AMENDMENT TO AGREEMENT <br /> 4 <br /> t CALCULATION OF SEWAGE RATE <br /> f Not applicable to Clay Utilities, Inc. <br /> Avg. Operating Revenues <br /> for 1963,1964 & 1965 $832,300 <br /> Income required to offset <br /> increased operating cost. <br /> 1 . Chlorination of effluent 90,000 <br /> 2. Funding of Improvement Account 145,000 <br /> 3. Office & Meter Expense 50,000 <br /> 4. Sewer Maint. & Repair 225,000 1' <br /> 5. Payment to City General Fund <br /> in lieu of Taxes 67,200 2. <br /> Required Future Operating Revenues $1,409,500 <br /> Operating Expenses not applicable to Clay Utilities, Inc. <br /> 1 . Sewer Maint. & Repair. Since Clay will be building, <br /> maintaining and repairing their sewer system which will be <br /> connected directly to the plant and they will use no part of <br /> the city system this cost is not applicable. <br /> 2. Payment in Lieu of Taxes. Clay will pay a 20% surcharge <br /> due to being outside of corporate limits. This surcharge is <br /> based on the Corporation not paying city taxes. <br /> Calculation of Clay reduction: <br /> 225,000 + 67,200 x100 20.73% <br /> 1, 09,500 <br /> New Rate = 100% + 20% - 20.73% = 99.27% <br /> New Rate adjusted to 100% <br />