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What will the funds from the Capital Initiation Fee be used for?

April 26, 2017Capital fee funds initiation Used

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What will the funds from the Capital Initiation Fee be used for?

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A. The fund use will be limited to capital expenditure-related items only. This will include new or replacement facilities recommended by the Long Range Planning Committee and approved by the Board, funding the Capital Reserve Fund, debt service or retirement, interest on debt and an additional funding source for annual capital expenditures.