HISTORICAL BACKGROUND - FINANCIAL INFORMATION
The Indian/Pickeral Lake system was constructed in 1997. The first 20 years, after the completion, the South County Sewer & Water Authority (SCSWA) focused on debt repayment of the construction costs. In December of 2017, the final payment on the construction bond was paid off, from collection of sewer assessments, plus the $20.00/month debt service fee added to the quarterly user bill.
In 2018 the SCSWA received a Asset Manangement Grant (SAW grant). Over the next 2-3 years, the Authority and Engineers from Wightman & Associates Inc., plan to develop and "Asset Management Plan" to determine when and what components will need rehabilitation or replacement. This plan will be available to public upon replacement. As part of the analysis (and grant conditions) the Authority must review rates and charges to ensure that adequate funding is in place for the upcoming repairs and replacement obligations.
Beginning in January of 2018, the Debt Service Fee has been replaced by a "Repair and Replacement" fee to provide for a portion of the upcoming repairs and replacements that will be identified through the Asset Management Plan, which is currently being developed.