I own a park with sewage treatment lagoons and now, after change in city policy, I have the option of connecting to the city’s sewer service.
As this project will involve 2 miles of sewer line, pump stations, much engineering work, this will likely cost $400k.
After all connections have been made, city will maintain this line and pumps. The expenses will be $15.00 per developed lot per month.
Currently, annual expenses for licensing/compliance/ testing $4200 yr.
20 year old 84 lot park/ $215 lot fee. 96% occupancy.
For reasons well explained on this forum, I would prefer city services, but this additional investment and added monthly expense will diminish profitability…do any rule of thumb seem applicable?