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(3) Connection fee revenue estimates are based on the <br /> escalating connection fee rate per single family dwelling <br /> unit equivalent ($432 in 1987/88, $466 in 1988/89, and $500 <br /> in 1989/90) applied to City's staff estimates of additional <br /> single family dwelling unit equivalent connections. <br /> <br /> (4) Operation and maintenance expenses as budgeted in <br /> 1987/88 are projected to increase at the rate of 6% per <br /> year. " <br /> <br /> (5) Rental payments to be paid from enterprise <br /> revenues for Capital Project I and the corporation yard <br /> project will commence on September 15, 1989 at an average <br /> annual amount of approximately $899,000. <br /> <br /> On the basis of the foregoing assumptions and projections, <br />it is estimated that 1989/90 revenues available for other <br />purposes, after payment of projected operation and maintenance <br />costs plus 1967 Water Revenue Bond debt service, will <br />approximate 1.86 times estimated Lease Payments allocable to <br />Capital Project I. <br /> <br /> 29 <br /> <br /> <br />