Page 297 - City of Watauga FY22 Adopted Budget

CIP AND CAPITAL PROJECTS FUNDS

Justification: The aging water lines throughout the City are old and present frequent
maintenance issues. Systematic replacement will reduce maintenance costs and
customer problems.

Operating Impact: Savings of approximately $15,000 annually are expected in
decreased maintenance issues for the system after completion of this project. The debt
service to cover the 2017 bond issuance began in FY2018 and the debt service for the
2019 debt issuance began in FY2020.

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