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For the oversized sewer extension the developer would be credited a portion of the <br />$260,000 each year for the term of the agreement based upon the total amount of sewer <br />availability surcharge fees collected and the ratio of the project's eligible credit to the <br />total credits for all approved excess capacity projects. <br />Sewer Fund Disbursement Example: <br />If there were three approved projects with total eligible credits of $1,000,000 and <br />OWASA collected $100,000 during the year from the sewer availability fee surcharge <br />applied to all new connections to the public sewer system, the disbursements would be <br />calculated as follows: <br />A B C D <br /> RATIO OP PROJECT'S FUNDS DISBURSED <br />APPROVED ELIGIBLE CREDIT TO TOTAL TO PROJECT <br />PROJECTS CREDIT CREDIT FOR ALL DEVELOPER <br /> PROJECTS (fees collected x Col. C) <br /> (Col. B/$1 M <br />A $300,000 30% $30,000 <br />B $260,000 6% $6,000 <br />C $440,000 44% $44,000 <br />TOTALS $1,000,000 100% $100,000 <br />