Laserfiche WebLink
)-1*- <br /> Elk River <br /> Municipal Utilities <br /> 322 King Avenue phone: 763.441.2020 <br /> Elk River,MN 55330 Fax:-63.441.8099 <br /> November 4, 2003 <br /> To: Elk River Municipal Utilities Commission <br /> John Dietz <br /> Jerry Takle <br /> James Tralle <br /> From: Bryan Adams <br /> Subject: Proposed 2004 Electric and Water Budget <br /> The last three months we have been reviewing the proposed electric and water budgets in <br /> sections. Enclosed for your review, is the completed budget with the changes we have <br /> already discussed. The only change from our previous meeting is the incorporation of the <br /> effects of the water revenue bonds that was approved at the October 2003 meeting. The <br /> principal and interest payments for this bond changed due to the new bond, and <br /> refinancing bonds 1993B and 1994D. <br /> Staff recommend adopting this budget with the understanding that electric revenue bonds <br /> will be sold to finance $750,000 of electric feeder construction plus the cost to relocate <br /> electric lines for Co. Rd. 42 and 39, at the Hwy 101 interchange. <br />