Laserfiche WebLink
The City shall establish and maintain a separate Water Expansion Fund and a Water Capital <br />Replacement Fund. <br />The Water Expansion Fund shall be funded primarily by connection fees, and will provide <br />for future expansion of the water system. <br />The City shall perform a water connection fee review at least bi-annually to ensure that <br />future water customers contribute fairly and equitably towards expansion projects <br />necessary to serve their needs. Reviews may be necessary within a shorter duration due to <br />changing conditions or facility needs. <br />The Water Capital Replacement Fund shall be funded primarily by replacement accruals <br />charged to existing users through the water rate structure. <br />To construct replacement and expansion facilities, the City may utilize other financing <br />alternatives such as debt financing, and seek other funding sources such as development <br />exactions. In addition to the specific financial policies stated above, the Water enterprise <br />funds are subject to the "Financial Policies of the City of Pleasanton" which were adopted <br />by Resolution No. 90-131. <br />226 <br />