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connection charges to help finance the plant expansion and to provide for <br />depreciation funding. A $1 million phase one of the treatment plant <br />expansion was undertaken in 1994, and the principal payment for this <br />project is due in 1996. The balance of the treatment plant expansion project, <br />estimated at $4.8 million, is proposed to be undertaken in 1996 with the first <br />bond payment due in 1997. Funding for this plant expansion project still <br />needs to be approved by the City Council. <br />I] <br />