Comments on: PO Council Ponders its Next Move on SKIA Sewers http://pugetsoundblogs.com/south-kitsap/2008/09/05/po-council-ponders-its-next-move-on-skia-sewers/ Reporter Chris Henry talks about life in the county seat of Port Orchard and surrounding areas. Wed, 17 Mar 2010 03:59:54 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Bob Meadows http://pugetsoundblogs.com/south-kitsap/2008/09/05/po-council-ponders-its-next-move-on-skia-sewers/comment-page-1/#comment-2245 Bob Meadows Mon, 08 Sep 2008 19:04:39 +0000 http://pugetsoundblogs.com/south-kitsap/?p=870#comment-2245 How has this $4.5 million figure been calculated? "With financing, the expansion cost $21.5 million, of which $4.5 million represents expanded capacity set to be dedicated to SKIA." From the city's annual financial report, it appears that $16 million was raised by issuing bonds which will be repaid by everyone served by the treatment plant. Another $5 million or so of the cost apparently came from the city and the sewer district's reserve funds. When you say "with financing," it makes it look as though you are including the future interest payments on those bonds. The $21.5 million cost of the expansion doesn't include interest payments. How has this $4.5 million figure been calculated?
“With financing, the expansion cost $21.5 million, of which $4.5 million represents expanded capacity set to be dedicated to SKIA.”

From the city’s annual financial report, it appears that $16 million was raised by issuing bonds which will be repaid by everyone served by the treatment plant. Another $5 million or so of the cost apparently came from the city and the sewer district’s reserve funds.

When you say “with financing,” it makes it look as though you are including the future interest payments on those bonds. The $21.5 million cost of the expansion doesn’t include interest payments.

]]> By: Jerry Harless http://pugetsoundblogs.com/south-kitsap/2008/09/05/po-council-ponders-its-next-move-on-skia-sewers/comment-page-1/#comment-2244 Jerry Harless Mon, 08 Sep 2008 18:18:01 +0000 http://pugetsoundblogs.com/south-kitsap/?p=870#comment-2244 Cities suing one another. Now there is a wise use of scarce tax dollars in a down economy. "It’s just not fair to the rate-payers if we don’t have the expansion growth that we anticipated" Somebody should have thought of that when they bet the rate-payers money on an unrealized land grab. That "somebody" would have been the city council members at the time... Cities suing one another. Now there is a wise use of scarce tax dollars in a down economy.

“It’s just not fair to the rate-payers if we don’t have the expansion growth that we anticipated” Somebody should have thought of that when they bet the rate-payers money on an unrealized land grab. That “somebody” would have been the city council members at the time…

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