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. � <br /> - 2 - <br /> Area 2 - Ash Avenue <br /> Expenditures• <br /> Total properties within boundary - 66 <br /> Watermain installation costs $ 117,880 <br /> Revenue• <br /> Number signing agreement - 47 � <br /> Tapping fees $ 67,727 <br /> 10-year water billing (present worth) 75,952 <br /> Total Revenue $ 143, 679 <br /> Ratio Revenue 143 . 679 _ 1.22 <br /> Expenditures 117,880 <br /> Area 3 - Cloyds Drive <br /> Exnenditures• <br /> Total propert�es within boundary - 21 <br /> Watermain installation costs $ 21,000 <br /> Revenue• <br /> Number signing agreement - 10 <br /> Tapping fees $ 12,012 <br /> l0-year water billing (present worth) 16, 160 <br /> Total Revenue $ 28, 172 <br /> Ratio Revenue 28 • 1�2 - 1.34 <br /> Expenditures 21, 000 <br /> Area 4 - Tennison Court <br /> Expenditures: <br /> Total properties within boundary - 34 <br /> Watermain installation costs $ 16, 000 <br /> Revenue• <br /> Number signing agreement - 7 <br /> Tapping fees $ 7,282 <br /> 10-year water billing (present worth) 11.312 <br /> Total Revenue $ 18,594 <br /> Ratio Revenue 18 , 594 _ 1.16 <br /> Expenditures 16, 000 <br /> Based on the above, it is financially feasible to furnish <br /> water to the above-noted four areas; plus the fact that, <br /> historically, many other owners not presently signing up for <br /> water do so subsequently after the mains are installed. <br />