Annexing Areas in Clay & German Township

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r page 4. 4. Street Lighting The annual cost of street lighting is approximately $1,200 per mile. On the basis of 72 miles of streets, the cost will be $86,400. 5. Sanitary Sewer Service Trunk sewers would be provided for the a of $950,000, worth of 12, 15 and 18 inch pumping stations. The replacement costs and pumping station in the proposed area Inc. are estimated to be worth $120,000. trunk sewer system would be $1,070,000. rea by the construction diameter pipes plus 2 sewage of the existing sewers owned by Clay Utilities, The total cost for the Based on 50 miles of local sewers, the cost of construction is estimated to be $2,112,000. If the City participates in 50% of this cost, this would re- sult in a cost of $1,056,000. Financing of this construction could be accomplished in several ways. First, Federal Water and Sewer Grants are expected in the near future for this type of construction. Based on 75% Federal participation, 10% State participation, and the remainder from local sources, the local cost would be $318,900. In the event this type of financing was unavailable, general obligation (G.0) bonds could be issued for the construction of trunk sewers in the amount of $1,070,000. Based on 5% Interest and 25 year term, the annual cost would be $75,919. The City has the bonding capacity to float this amount of loans. 6. Trash and Garbage Collection This service is provided for a fee of $3.00 per month per family and is currently a self- supporting service: No City costs are assigned to this service. The service is available on demand from City residents. 7. Water Service The construction of feeder mains including toll road crossings, U.S. 31 crossings and an additional well field plus the replace- ment costs of the Clay Utilities, Inc. installation is estimated to be $819,000. This cost would be covered by a Water Works Revenue Bond issue. The bonds would be repaid by revenues and therefore no cost is assigned to the City. 8. Parks The City proposes to assume the maintenance of Clay Park at any esti- mated annual cost of $15,000. It is further proposed to light the baseball diamond at a cost of $65,000. and add additional bleachers at a cost of $10,000. Additional playground equipment for the Clay Park and the school sites would cost about $7.,000. The annual cost would be $42,333.