HomeMy WebLinkAbout01 11 2016 Municipal Debt/Water and Sewer Rates PresentationMu
n
i
c
i
p
a
l
D
e
b
t
/
W
a
t
e
r
an
d
S
e
w
e
r
F
u
n
d
s
Ja
n
u
a
r
y
1
1
,
2
0
1
6
Ag
e
n
d
a
Ov
e
r
v
i
e
w
o
f
t
h
e
C
i
t
y
’
s
D
e
b
t
P
o
s
i
t
i
o
n
Di
s
c
u
s
s
t
h
e
2
0
1
6
P
r
o
j
e
c
t
s
CI
P
S
t
r
a
t
e
g
y
Wa
t
e
r
a
n
d
S
e
w
e
r
F
u
n
d
s
20
1
7
T
a
x
L
e
v
y
20
1
6
P
r
o
j
e
c
t
s
–
M
a
n
i
t
o
u
R
o
a
d
–
P
u
b
l
i
c
W
o
r
k
s
R
o
o
f
R
e
p
l
a
c
e
m
e
n
t
–
V
e
h
i
c
l
e
R
e
p
l
a
c
e
m
e
n
t
Fu
n
d
i
n
g
–
T
a
x
L
e
v
y
–
W
a
t
e
r
/
S
e
w
e
r
F
u
n
d
s
C
o
n
t
r
i
b
u
t
i
o
n
Fi
n
a
n
c
i
a
l
I
m
p
a
c
t
s
20
1
7
T
a
x
L
e
v
y
P
r
o
j
e
c
t
i
o
n
:
20
1
7
I
n
c
r
e
a
s
e
R
e
v
i
s
e
d
A
m
o
u
n
t
V
a
r
i
a
n
c
e
Am
o
u
n
t
%
A
m
o
u
n
t
%
A
m
o
u
n
t
Ex
p
l
a
n
a
t
i
o
n
Ge
n
e
r
a
l
F
u
n
d
L
e
v
y
30
0
,
0
0
0
3.
0
%
30
0
,
0
0
0
3.
0
%
C
u
r
r
e
n
t
P
r
o
j
e
c
t
i
o
n
CI
P
L
e
v
y
35
6
,
4
0
0
3.
5
%
13
2
,
0
0
0
1.
3
%
(2
2
4
,
0
0
0
)
Re
v
i
s
e
d
p
l
a
n
p
r
o
j
e
c
t
i
o
n
Eq
u
i
p
m
e
n
t
R
e
p
l
a
c
e
m
e
n
t
P
l
a
n
32
3
,
0
0
0
3.
3
%
32
3
,
0
0
0
3.
3
%
In
c
r
e
a
s
e
n
e
e
d
e
d
t
o
g
e
t
t
o
$
6
0
0
,
0
0
0
a
n
n
u
a
l
l
y
pl
u
s
n
e
w
d
e
b
t
s
e
r
v
i
c
e
Fa
c
i
l
i
t
i
e
s
M
a
n
a
g
e
m
e
n
t
P
l
a
n
75
,
0
0
0
0.
7
%
75
,
0
0
0
0.
7
%
P
u
b
l
i
c
W
o
r
k
s
R
o
o
f
R
e
p
l
a
c
e
m
e
n
t
Ex
i
s
t
i
n
g
D
e
b
t
L
e
v
y
77
,
0
0
0
0.
7
%
77
,
0
0
0
0.
7
%
I
n
c
r
e
a
s
e
i
n
e
x
i
s
t
i
n
g
d
e
b
t
l
e
v
y
Im
p
a
c
t
o
n
2
0
1
7
P
r
o
p
e
r
t
y
T
a
x
L
e
v
y
1,
1
3
1
,
0
0
0
11
.
2
%
90
7
,
0
0
0
9.
0
%
(2
2
4
,
0
0
0
)
De
b
t
Ma
r
c
h
2
0
1
5
W
o
r
k
s
h
o
p
Ex
i
s
t
i
n
g
D
e
b
t
–
A
m
o
u
n
t
b
y
T
y
p
e
–
A
n
n
u
a
l
P
a
y
m
e
n
t
s
Sc
e
n
a
r
i
o
A
(
I
m
p
l
e
m
e
n
t
N
e
w
S
t
r
a
t
e
g
y
)
Am
o
r
t
i
z
e
d
e
b
t
w
i
t
h
i
n
1
5
y
e
a
r
p
e
r
i
o
d
o
r
l
e
s
s
(
s
t
a
r
t
i
n
g
w
i
t
h
2
0
1
5
bo
n
d
i
s
s
u
a
n
c
e
)
St
r
u
c
t
u
r
e
f
u
t
u
r
e
d
e
b
t
p
a
y
m
e
n
t
s
t
o
a
c
h
i
e
v
e
t
o
t
a
l
a
n
n
u
a
l
d
e
b
t
s
e
r
v
i
c
e
le
v
y
o
f
$
3
.
2
m
i
l
l
i
o
n
o
r
l
e
s
s
Sc
e
n
a
r
i
o
B
(
C
o
n
t
i
n
u
e
E
x
i
s
t
i
n
g
S
t
r
a
t
e
g
y
)
Am
o
r
t
i
z
e
d
e
b
t
o
v
e
r
1
0
y
e
a
r
p
e
r
i
o
d
St
r
u
c
t
u
r
e
f
u
t
u
r
e
d
e
b
t
p
a
y
m
e
n
t
s
t
o
a
c
h
i
e
v
e
l
e
v
e
l
a
n
n
u
a
l
p
a
y
m
e
n
t
s
Bo
t
h
S
c
e
n
a
r
i
o
A
a
n
d
B
a
r
e
c
o
n
s
i
s
te
n
t
w
i
t
h
C
i
t
y
p
o
l
i
c
y
,
C
o
u
n
c
i
l
ga
v
e
d
i
r
e
c
t
i
o
n
t
o
p
r
o
c
e
e
d
w
i
t
h
S
c
e
n
a
r
i
o
A
.
C
i
t
y
P
o
l
i
c
y
s
t
a
t
e
s
:
Th
e
C
i
t
y
w
i
l
l
p
a
y
b
a
c
k
d
e
b
t
w
i
t
h
i
n
a
p
e
r
i
o
d
n
o
t
t
o
e
x
c
e
e
d
t
h
e
ex
p
e
c
t
e
d
u
s
e
f
u
l
l
i
f
e
o
f
t
h
e
c
a
p
i
t
a
l
im
p
r
o
v
e
m
e
n
t
,
w
i
t
h
a
t
l
e
a
s
t
5
0
%
o
f
th
e
p
r
i
n
c
i
p
a
l
r
e
t
i
r
e
d
w
i
t
h
i
n
2
/
3
o
f
t
h
e
t
e
r
m
o
f
t
h
e
b
o
n
d
i
s
s
u
e
.
6
7 67%78%
0.
0
%
10
.
0
%
20
.
0
%
30
.
0
%
40
.
0
%
50
.
0
%
60
.
0
%
70
.
0
%
80
.
0
%
90
.
0
%
1
2
3
4
5
6
7
8
9
1
0
N
u
m
b
e
r
o
f
Ye
a
r
s
fr
o
m
Cu
r
r
e
n
t
Ye
a
r
P
e
r
c
e
n
t
o
f
Pr
i
n
c
i
p
a
l
R
e
t
i
r
e
d
In
c
l
u
d
e
s
Ex
i
s
t
i
n
g
D
e
b
t
an
d
P
l
a
n
n
e
d
20
1
5
T
h
r
u
20
1
9
B
o
n
d
Is
s
u
a
n
c
e
Sc
e
n
a
r
i
o
A
‐
Ex
i
s
t
i
n
g
D
e
b
t
Pl
u
s
N
e
w
De
b
t
Ex
t
e
n
d
e
d
Te
r
m
s
Sc
e
n
a
r
i
o
B ‐
Ex
i
s
t
i
n
g
D
e
b
t
Pl
u
s
Ne
w
De
b
t
at
10
‐Ye
a
r
Terms
*G
r
a
p
h
a
s
p
r
e
s
e
n
t
e
d
a
t
3
/
2
3
/
1
5
w
o
r
k
s
h
o
p
.
8
$0
$5
0
0
,
0
0
0
$1
,
0
0
0
,
0
0
0
$1
,
5
0
0
,
0
0
0
$2
,
0
0
0
,
0
0
0
$2
,
5
0
0
,
0
0
0
$3
,
0
0
0
,
0
0
0
$3
,
5
0
0
,
0
0
0
$4
,
0
0
0
,
0
0
0
$4
,
5
0
0
,
0
0
0
20
1
5
2
0
1
6
2
0
1
7
2
0
1
8
2
0
1
9
2
0
2
0
2
0
2
1
2
0
2
2
2
0
2
3
2
0
2
4
2
0
2
5
2
0
2
6
2
0
2
7
2
0
2
8
2
0
2
9
2
0
3
0
Ta
x
Le
v
y
fo
r
De
b
t
Se
r
v
i
c
e
Sc
e
n
a
r
i
o
A ‐
Ex
i
s
t
i
n
g
De
b
t
Pl
u
s
Ne
w
De
b
t
at
11
to
15
Yr
Te
r
m
s
2019 Bonds 2018 Bonds 2017 Bonds 2016 Bonds 2015 Bonds Exisiting Debt
*G
r
a
p
h
a
s
p
r
e
s
e
n
t
e
d
a
t
3
/
2
3
/
1
5
w
o
r
k
s
h
o
p
.
0.
0
%
0.
5
%
1.
0
%
1.
5
%
2.
0
%
2.
5
%
3.
0
%
P
r
i
o
r
L
a
k
e
L
a
k
e
v
i
l
l
e
J
o
r
d
a
n
S
a
v
a
g
e
S
h
a
k
o
p
e
e
C
h
a
s
k
a
B
u
r
n
s
v
i
l
l
e
F
a
r
m
i
n
g
t
o
n
L
a
k
e
E
l
m
o
M
e
d
i
n
a
S
h
o
r
e
w
o
o
d
Co
m
p
a
r
i
s
o
n
o
f
G
.
O
.
D
i
r
e
c
t
D
e
b
t
B
u
r
d
e
n
(G
.
O
.
D
i
r
e
c
t
D
e
b
t
O
u
t
s
t
a
n
d
i
n
g
D
i
v
i
d
e
d
b
y
E
s
t
i
m
a
t
e
d
M
a
r
k
e
t
V
a
l
u
e
*
)
No
t
e
s
t
o
c
h
a
r
t
:
1
.
O
u
s
t
a
n
d
i
n
g
d
e
b
t
i
s
a
s
o
f
J
a
n
u
a
r
y
4
,
2
0
1
6
.
3
.
C
i
t
i
e
s
s
e
l
e
c
t
e
d
f
o
r
c
o
m
p
a
r
i
s
o
n
w
e
r
e
b
a
s
e
d
o
n
ph
y
s
i
c
a
l
l
o
c
a
l
i
t
y
a
n
d
s
i
m
i
l
a
r
c
r
e
d
i
t
r
a
t
i
n
g
t
o
P
r
i
o
r
L
a
k
e
.
4
.
S
o
u
r
c
e
o
f
d
a
t
a
i
s
c
r
e
d
i
t
r
a
t
i
n
g
r
e
p
o
r
t
s
a
n
d
o
f
f
i
c
i
a
l
fi
n
a
n
c
i
a
l
s
t
a
t
e
m
e
n
t
s
.
4
.
*
D
e
b
t
r
a
t
i
o
f
i
g
u
r
e
s
d
o
n
o
t
i
n
cl
u
d
e
G
.
O
.
R
e
v
e
n
u
e
s
u
p
p
o
r
t
e
d
d
e
b
t
a
n
d
a
r
e
c
o
m
p
u
t
e
d
o
f
f
a
E
s
t
i
m
a
t
e
d
M
a
r
k
e
t
V
a
l
u
e
.
An
n
u
a
l
D
e
b
t
L
e
v
y
CI
P
S
t
r
a
t
e
g
y
Ph
y
s
i
c
a
l
A
p
p
r
o
a
c
h
–
C
o
m
p
l
e
t
e
2
m
i
l
e
s
a
n
n
u
a
l
l
y
–
R
e
p
a
i
r
a
s
n
e
e
d
e
d
–
O
t
h
e
r
M
a
j
o
r
A
s
s
e
t
s
Fi
n
a
n
c
i
a
l
C
o
n
s
i
d
e
r
a
t
i
o
n
s
–
I
s
s
u
e
D
e
b
t
–
P
a
y
a
s
y
o
u
G
o
–
C
o
m
b
i
n
a
t
i
o
n
Im
p
a
c
t
s
o
f
E
a
c
h
Wa
t
e
r
/
S
e
w
e
r
F
u
n
d
s
Ra
t
e
s
–
O
p
e
r
a
t
i
o
n
s
a
n
d
M
a
i
n
t
e
n
a
n
c
e
–
C
a
p
i
t
a
l
P
r
o
j
e
c
t
s
–
I
n
t
e
r
f
u
n
d
T
r
a
n
s
f
e
r
s
–
D
e
b
t
S
e
r
v
i
c
e
–
C
o
m
p
l
i
a
n
c
e
w
i
t
h
F
i
n
a
n
c
i
a
l
P
l
a
n
Ra
t
e
P
r
o
j
e
c
t
i
o
n
s
–
P
a
y
a
s
y
o
u
G
o
–
I
s
s
u
e
D
e
b
t
$3
.
6
5
$
3
.
6
5
$3
.
9
5
$4
.
0
7
$
4
.
0
7
$4
.
1
8
$4
.
9
7
$5
.
5
2
$6
.
0
8
$6
.
2
4
$6.41 $6.58 $0.00$1.00$2.00$3.00$4.00$5.00$6.00$7.00
$0
$5
0
0
,
0
0
0
$1
,
0
0
0
,
0
0
0
$1
,
5
0
0
,
0
0
0
$2
,
0
0
0
,
0
0
0
$2
,
5
0
0
,
0
0
0
$3
,
0
0
0
,
0
0
0
$3
,
5
0
0
,
0
0
0
$4
,
0
0
0
,
0
0
0
$4
,
5
0
0
,
0
0
0
$5
,
0
0
0
,
0
0
0
20
1
0
2
0
1
1
2
0
1
2
2
0
1
3
2
0
1
4
2
0
1
5
2
0
1
6
2
0
1
7
2
0
1
8
2
0
1
9
2
0
2
0
2
0
2
1
Se
w
e
r
En
t
e
r
p
r
i
s
e
Fu
n
d
Ex
p
e
n
s
e
s
Ca
s
h
Ex
a
m
p
l
e
In
t
e
r
f
u
n
d
Tr
a
n
s
f
e
r
De
b
t
Se
r
v
i
c
e
Ci
t
y
O&
M
MC
E
S
Fe
e
s
Ca
p
i
t
a
l
Im
p
r
o
v
e
m
e
n
t
Pr
o
j
e
c
t
s
Fu
n
d
Re
s
e
r
v
e
To
t
a
l
Wa
s
t
e
w
a
t
e
r
Us
a
g
e
Ch
a
r
g
e
(P
e
r
10
0
0
ga
l
)
20
1
6
C
I
P
P
r
o
c
e
s
s
$3
.
6
5
$
3
.
6
5
$3
.
9
5
$4
.
0
7
$
4
.
0
7
$4
.
2
2
$4
.
3
7
$4
.
9
2
$5
.
4
7
$5
.
6
8
$5.90 $6.12 $0.00$1.00$2.00$3.00$4.00$5.00$6.00$7.00
$0
$5
0
0
,
0
0
0
$1
,
0
0
0
,
0
0
0
$1
,
5
0
0
,
0
0
0
$2
,
0
0
0
,
0
0
0
$2
,
5
0
0
,
0
0
0
$3
,
0
0
0
,
0
0
0
$3
,
5
0
0
,
0
0
0
$4
,
0
0
0
,
0
0
0
$4
,
5
0
0
,
0
0
0
$5
,
0
0
0
,
0
0
0
20
1
0
2
0
1
1
2
0
1
2
2
0
1
3
2
0
1
4
2
0
1
5
2
0
1
6
2
0
1
7
2
0
1
8
2
0
1
9
2
0
2
0
2
0
2
1
Se
w
e
r
En
t
e
r
p
r
i
s
e
Fu
n
d
Ex
p
e
n
s
e
s
20
1
6
De
b
t
Ex
a
m
p
l
e
$3
.
6
5
$
3
.
6
5
$3
.
9
5
$4
.
0
7
$
4
.
0
7
$4
.
2
2
$4
.
3
7
$4
.
5
2
$4
.
6
9
$4
.
8
6
$5.04 $5.22 $0.00$1.00$2.00$3.00$4.00$5.00$6.00
$0
$5
0
0
,
0
0
0
$1
,
0
0
0
,
0
0
0
$1
,
5
0
0
,
0
0
0
$2
,
0
0
0
,
0
0
0
$2
,
5
0
0
,
0
0
0
$3
,
0
0
0
,
0
0
0
$3
,
5
0
0
,
0
0
0
$4
,
0
0
0
,
0
0
0
$4
,
5
0
0
,
0
0
0
20
1
0
2
0
1
1
2
0
1
2
2
0
1
3
2
0
1
4
2
0
1
5
2
0
1
6
2
0
1
7
2
0
1
8
2
0
1
9
2
0
2
0
2
0
2
1
20
1
6
‐20
2
1
De
b
t
Ex
a
m
p
l
e
In
t
e
r
f
u
n
d
Tr
a
n
s
f
e
r
De
b
t
Se
r
v
i
c
e
Ci
t
y
O&
M
MC
E
S
Fe
e
s
Ca
p
i
t
a
l
Im
p
r
o
v
e
m
e
n
t
Pr
o
j
e
c
t
s
Fu
n
d
Re
s
e
r
v
e
To
t
a
l
Wa
s
t
e
w
a
t
e
r
Us
a
g
e
Ch
a
r
g
e
(P
e
r
10
0
0
ga
l
)
Se
w
e
r
S
y
s
t
e
m
R
a
t
e
s
Ca
s
h
E
x
a
m
p
l
e
2
0
1
6
D
e
b
t
A
l
l
D
e
b
t
Ye
a
r
R
a
t
e
$
C
h
a
n
g
e
%
C
h
a
n
g
e
R
a
t
e
$
C
ha
n
g
e
%
C
h
a
n
g
e
R
a
t
e
$
C
h
a
n
g
e
%
C
h
a
n
g
e
20
0
9
$3
.
6
5
$
3
.
6
5
$
3
.
6
5
20
1
0
$3
.
6
5
$
0
.
0
0
0
%
$
3
.
6
5
$
0
.
0
0
0
%
$
3
.
6
5
$
0
.
0
0
0
%
20
1
1
$3
.
6
5
$
0
.
0
0
0
%
$
3
.
6
5
$
0
.
0
0
0
%
$
3
.
6
5
$
0
.
0
0
0
%
20
1
2
$3
.
9
5
$
0
.
3
0
8
%
$
3
.
9
5
$
0
.
3
0
8
%
$
3
.
9
5
$
0
.
3
0
8
%
20
1
3
$4
.
0
7
$
0
.
1
2
3
%
$
4
.
0
7
$
0
.
1
2
3
%
$
4
.
0
7
$
0
.
1
2
3
%
20
1
4
$4
.
0
7
$
0
.
0
0
0
%
$
4
.
0
7
$
0
.
0
0
0
%
$
4
.
0
7
$
0
.
0
0
0
%
20
1
5
$4
.
1
8
$
0
.
1
1
3
%
$
4
.
2
2
$
0
.
1
5
4
%
$
4
.
2
2
$
0
.
1
5
4
%
20
1
6
$4
.
9
7
$
0
.
8
0
1
9
%
$
4
.
3
7
$
0
.
1
5
4
%
$
4
.
3
7
$
0
.
1
5
4
%
20
1
7
$5
.
5
2
$
0
.
5
5
1
1
%
$
4
.
9
2
$
0
.
5
5
1
3
%
$
4
.
5
2
$
0
.
1
6
4
%
20
1
8
$6
.
0
8
$
0
.
5
5
1
0
%
$
5
.
4
7
$
0
.
5
5
1
1
%
$
4
.
6
9
$
0
.
1
6
4
%
20
1
9
$6
.
2
4
$
0
.
1
6
3
%
$
5
.
6
8
$
0
.
2
1
4
%
$
4
.
8
6
$
0
.
1
7
4
%
20
2
0
$6
.
4
1
$
0
.
1
7
3
%
$
5
.
9
0
$
0
.
2
2
4
%
$
5
.
0
4
$
0
.
1
8
4
%
20
2
1
$6
.
5
8
$
0
.
1
7
3
%
$
6
.
1
2
$
0
.
2
3
4
%
$
5
.
2
2
$
0
.
1
9
4
%
$2
.
6
5
$
2
.
6
5
$3
.
1
5
$3
.
4
0
$3
.
6
5
$4
.
1
5
$4
.
4
0
$4
.
9
0
$5
.
0
5
$5
.
2
0
$5.35$5.51 $0.00$1.00$2.00$3.00$4.00$5.00$6.00
$0
$1
,
0
0
0
,
0
0
0
$2
,
0
0
0
,
0
0
0
$3
,
0
0
0
,
0
0
0
$4
,
0
0
0
,
0
0
0
$5
,
0
0
0
,
0
0
0
$6
,
0
0
0
,
0
0
0
20
1
0
2
0
1
1
2
0
1
2
2
0
1
3
2
0
1
4
2
0
1
5
2
0
1
6
2
0
1
7
2
0
1
8
2
0
1
9
2
0
2
0
2
0
2
1
Wa
t
e
r
En
t
e
r
p
r
i
s
e
Fu
n
d
Ex
p
e
n
s
e
s
Ca
s
h
Ex
a
m
p
l
e
In
t
e
r
f
u
n
d
Tr
a
n
s
f
e
r
De
b
t
Se
r
v
i
c
e
O & M Co
s
t
s
Ca
p
i
t
a
l
Im
p
r
o
v
e
m
e
n
t
Pr
o
j
e
c
t
s
Fu
n
d
Re
s
e
r
v
e
Wa
t
e
r
Us
a
g
e
Ch
a
r
g
e
(Under 25,000 gal)
$2
.
6
5
$
2
.
6
5
$3
.
1
5
$3
.
4
0
$3
.
6
5
$4
.
1
5
$
4
.
1
5
$4
.
2
7
$4
.
4
0
$4
.
5
3
$4
.
6
7
$4.81 $0.00$1.00$2.00$3.00$4.00$5.00$6.00
$0
$1
,
0
0
0
,
0
0
0
$2
,
0
0
0
,
0
0
0
$3
,
0
0
0
,
0
0
0
$4
,
0
0
0
,
0
0
0
$5
,
0
0
0
,
0
0
0
$6
,
0
0
0
,
0
0
0
20
1
0
2
0
1
1
2
0
1
2
2
0
1
3
2
0
1
4
2
0
1
5
2
0
1
6
2
0
1
7
2
0
1
8
2
0
1
9
2
0
2
0
2
0
2
1
Wa
t
e
r
En
t
e
r
p
r
i
s
e
Fu
n
d
Ex
p
e
n
s
e
s
20
1
6
De
b
t
Ex
a
m
p
l
e
$2
.
6
5
$
2
.
6
5
$3
.
1
5
$3
.
4
0
$3
.
6
5
$4
.
1
5
$4
.
2
7
$4
.
4
0
$4
.
5
3
$4
.
6
7
$4
.
8
1
$4.96 $0.00$1.00$2.00$3.00$4.00$5.00$6.00
$0
$1
,
0
0
0
,
0
0
0
$2
,
0
0
0
,
0
0
0
$3
,
0
0
0
,
0
0
0
$4
,
0
0
0
,
0
0
0
$5
,
0
0
0
,
0
0
0
$6
,
0
0
0
,
0
0
0
$7
,
0
0
0
,
0
0
0
20
1
0
2
0
1
1
2
0
1
2
2
0
1
3
2
0
1
4
2
0
1
5
2
0
1
6
2
0
1
7
2
0
1
8
2
0
1
9
2
0
2
0
2
0
2
1
20
1
6
‐20
2
1
De
b
t
Ex
a
m
p
l
e
In
t
e
r
f
u
n
d
Tr
a
n
s
f
e
r
(l
i
n
k
e
d
20
1
2
+
)
De
b
t
Se
r
v
i
c
e
(l
i
n
k
e
d
20
1
2
+
)
O & M Co
s
t
s
(2
)
Ca
p
i
t
a
l
Im
p
r
o
v
e
m
e
n
t
Pr
o
j
e
c
t
s
(l
i
n
k
e
d
20
1
2
+
)
Fu
n
d
Re
s
e
r
v
e
Wa
t
e
r
Us
a
g
e
Ch
a
r
g
e
(U
n
d
e
r
25,000 gal)
W
a
t
e
r
S
y
s
t
e
m
R
a
t
e
s
Ca
s
h
E
x
a
m
p
l
e
2
0
1
6
D
e
b
t
A
l
l
D
e
b
t
Ye
a
r
R
a
t
e
$
C
h
a
n
g
e
%
C
h
a
n
g
e
R
a
t
e
$
C
ha
n
g
e
%
C
h
a
n
g
e
R
a
t
e
$
C
h
a
n
g
e
%
C
h
a
n
g
e
20
0
9
$2
.
6
5
$
2
.
6
5
$
2
.
6
5
20
1
0
$2
.
6
5
$
0
.
0
0
0
%
$
2
.
6
5
$
0
.
0
0
0
%
$
2
.
6
5
$
0
.
0
0
0
%
20
1
1
$2
.
6
5
$
0
.
0
0
0
%
$
2
.
6
5
$
0
.
0
0
0
%
$
2
.
6
5
$
0
.
0
0
0
%
20
1
2
$3
.
1
5
$
0
.
5
0
1
9
%
$
3
.
1
5
$
0
.
5
0
1
9
%
$
3
.
1
5
$
0
.
5
0
1
9
%
20
1
3
$3
.
4
0
$
0
.
2
5
8
%
$
3
.
4
0
$
0
.
2
5
8
%
$
3
.
4
0
$
0
.
2
5
8
%
20
1
4
$3
.
6
5
$
0
.
2
5
7
%
$
3
.
6
5
$
0
.
2
5
7
%
$
3
.
6
5
$
0
.
2
5
7
%
20
1
5
$4
.
1
5
$
0
.
5
0
1
4
%
$
4
.
1
5
$
0
.
5
0
1
4
%
$
4
.
1
5
$
0
.
5
0
1
4
%
20
1
6
$4
.
4
0
$
0
.
2
5
6
%
$
4
.
1
5
$
0
.
0
0
0
%
$
4
.
2
7
$
0
.
1
2
3
%
20
1
7
$4
.
9
0
$
0
.
5
0
1
1
%
$
4
.
2
7
$
0
.
1
2
3
%
$
4
.
4
0
$
0
.
1
3
3
%
20
1
8
$5
.
0
5
$
0
.
1
5
3
%
$
4
.
4
0
$
0
.
1
3
3
%
$
4
.
5
3
$
0
.
1
3
3
%
20
1
9
$5
.
2
0
$
0
.
1
5
3
%
$
4
.
5
3
$
0
.
1
3
3
%
$
4
.
6
7
$
0
.
1
4
3
%
20
2
0
$5
.
3
5
$
0
.
1
6
3
%
$
4
.
6
7
$
0
.
1
4
3
%
$
4
.
8
1
$
0
.
1
4
3
%
20
2
1
$5
.
5
1
$
0
.
1
6
3
%
$
4
.
8
1
$
0
.
1
4
3
%
$
4
.
9
6
$
0
.
1
4
3
%
Co
u
n
c
i
l
D
i
r
e
c
t
i
o
n
Ma
n
i
t
o
u
R
o
a
d
p
r
o
j
e
c
t
–
W
h
a
t
s
h
o
u
l
d
b
e
t
h
e
s
c
o
p
e
a
n
d
f
u
n
d
i
n
g
s
o
u
r
c
e
s
?
CI
P
S
t
r
a
t
e
g
y
–
W
h
i
l
e
t
h
e
r
e
p
l
a
c
e
m
e
n
t
o
f
2
m
i
l
e
s
o
f
i
n
f
r
a
s
t
r
u
c
t
u
r
e
a
n
n
u
a
l
l
y
ma
y
b
e
c
o
r
r
e
c
t
t
o
e
f
f
e
c
t
i
v
e
l
y
m
a
i
n
t
a
i
n
th
e
v
a
r
i
o
u
s
s
y
s
t
e
m
s
,
i
s
i
t
e
c
o
n
o
m
i
c
a
l
l
y
re
a
l
i
s
t
i
c
?
Wa
t
e
r
/
S
e
w
e
r
r
a
t
e
s
–
S
h
o
u
l
d
w
e
c
o
n
t
i
n
u
e
t
h
e
p
r
a
c
t
i
c
e
o
f
p
a
y
i
n
g
c
a
s
h
f
o
r
l
a
r
g
e
ca
p
i
t
a
l
e
x
p
e
n
d
i
t
u
r
e
s
(
t
y
p
i
c
a
l
l
y
a
s
s
o
c
i
a
t
e
d
w
i
t
h
r
o
a
d
p
r
o
j
e
c
t
s
)
o
r
i
s
s
u
e
d
e
b
t
?
Ot
h
e
r
-
H
o
w
d
o
w
e
e
f
f
e
c
t
i
v
e
l
y
c
o
m
m
u
n
i
c
a
t
e
t
h
i
s
c
o
m
p
l
i
c
a
t
e
d
b
u
t
c
r
i
t
i
c
a
l
t
o
p
i
c
to
o
u
r
r
e
s
i
d
e
n
t
s
s
o
t
h
e
y
u
n
d
e
r
s
t
a
n
d
w
h
a
t
t
h
e
C
i
t
y
i
s
t
r
y
i
n
g
t
o
a
c
c
o
m
p
l
i
s
h
?
Qu
e
s
t
i
o
n
s