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<br />Laporte Area Water Authority <br />Capital Recovery <br /> <br />Capital Recovery estimate for LAPAWA's share South East Plant Upgrade <br />at .06 cents per thousand gallons of usage and two percent interest charge based on billing <br />for usage. <br /> <br />City of Laporte cost per thousand <br /> <br />1,338,284,000 gallonsx .06 <br />two percent interest of $10,000 dollars <br />80,297.04/88577x 10,000 <br />Total <br /> <br />$80,297.04 <br /> <br />$9,065.22 <br />$89,362.26 <br /> <br />City of Morgans Point cost per thousand <br /> <br />65,000,000 gallons x .06 <br />two percent interest of $10,000 dollars <br />3,900/88577x 10,000 <br /> <br />3,900.00 <br /> <br />Total <br /> <br />440.29 <br />$4,340.29 <br /> <br />City of Shore Acres cost per thousand <br /> <br />73,000,000 gallons x .06 <br />two percent interest cost of $10,000 dollars <br />4,380/88577 x1 0,000 <br /> <br />4,380.00 <br /> <br />Total <br /> <br />494.49 <br />$4,874.49 <br /> <br />Capital Recovery Cost <br /> <br />$98,577.04 <br /> <br />Number of years to recover investment of <br />$500,00 dollars <br /> <br />5.7 <br /> <br />$98,577 per year x 5.68 years <br />amount owed to Utility Fund <br />two percent interest cost <br /> <br />$559,917.59 <br />$500,000.00 <br />$59,917.59 <br />