Fluvanna Water ROI Report Suprises

By. Brian Rothamel, Field Officer

PALMYRA — Rivanna District supervisor Joe Chesser has released the Thomas Jefferson Planning District Commission (TJPDC) return on investment on an online message board. The ROI was expected to be released early last week. According to multiple sources, there is high internal debate between county staff, Board of Supervisors and the TJPDC.

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Chesser released the ROI on Focus on Fluvanna’s Future Facebook group page. After his initial post he wrote, “Below is the latest ROI that the County staff had developed by the TJPDC. The staff has some issue with this ROI. They feel that the formulas used are inaccurate.  “The County asked TJPDC to recheck their work. TJPDC reviewed and found that there were minor change but did not change the results. Please take a look.”

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View the ROI here

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Multiple sources close to the debate have said the changes county staff have desired result in the Aqua proposal coming out near or even below the Department of Corrections (DOC) proposal. Reportedly, TJPDC has rejected these changes.  The ROI Chesser released, reportedly directly from TJDPC without changes, has the Aqua plan making money annual by year four under ‘expected growth’ projections. It would make money cumulatively by year seven under expected growth. In 20 years, it would cumulatively make $34 million.

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Under a slow growth projection, the Aqua pipeline makes money annually in the sixth year. By the 15th year it would make $2.9 million cumulatively. Overall, slow growth has the county making $6.6 million over 20 years.

Using the released ROI, the DOC only plan makes money annually in years five through eight but then starts losing money again. In year 20, it is making $39,212 a year but overall it has lost $1.785 million. The issue being under the DOC plan, water usage is capped at 75,000 gallons per day of usage requiring another water source for anything over 75,000 gallons.

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The Board of Supervisors will have a public hearing on the Aqua public-private partnership agreement on Aug. 7 at 7 p.m. in the Fluvanna County High School auditorium.

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The Free Enterprise Forum’s coverage of Fluvanna County is provided by a grant from the Charlottesville Area Association of REALTORS® and by the support of readers like you.

bryan-rothamel

Bryan Rothamel covers Fluvanna County for the Free Enterprise Forum.  He is the founder of the Fluco Blog.  Additional writings can be found at www.Flucoblog.com

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