Agenda - 05-19-1992 - Laserfiche WebLink

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22 M �3Glff4 More importantly, the 1977 purchase and sales agreements between OWASA and the Tows. "provide that OWASA will in part "provide and maintain such swage collection and treatment facilities as may be required under applicable laws and regulations to meet the reasonable needs of the Town" (emphasis added) as then and thereafter constituted. These agreements also included OWASA's "pledge and unequivocal assurance that it will use its best efforts in good faith" to extend sewers in annexation areas where required by State law as a condition of annexation. The latter commitments were important considerations for the Town in selling its wastewater lines and one -half interest in the Mason Farm wastewater treatment plant. The only financial consideration by OWASA in acquiring the Town's wastewater system, excluding payment for trucks and other equipment, was OWASA's assumption of debt payments on Town sewer bonds. The amount of these payments as scheduled from 1976 -77 through 1992 -93 is about $2 million. However, if the present value of these payments were calculated based on a 10% annual discount rate, the time - discounted value was only about $1 million. The sale of the Town's sewer system and half interest in the wastewater treatment plant on these very favorable terms further, emphasises the importance of OWASA's commitments to meet the community's wastewater needs. B. Assistance to low income families We recommend that the Town enter into discussions with OWASA and other interested local governments regarding possible means of cooperatively assisting low - income families with water and sewer costs. The Town can continue to assist iaw income families in Chapel Sill with water and sewer costs through the Tow's water and sewer reserve of sales taxes collected in the 19809, and with Community Development grant funds as in past years. VII. Other matters As noted in previous discussion with the Council, OWASA does not maintain the portion of private sewer laterals which is in public right -of -way. we think there should be public discussion.and consideration of whether OWASA customers should share the risk of repairing laterals in right- of-way by paying for this as an OWASA service. Such a policy would be similar to OWASA's maintenance of water connection laterals and meters in public right of way.