I generally agree with Brian Barrett’s letter of 9-21-11. I want to add some addition issues related to 2b and 2C.
Firstly, it is difficult to maintain a utility, expensive too. We have had experience keeping small utility going. Many years ago my wife built a student apartment in Boulder. It has a large solar array that heats 11,000 square feet and preheats hot water for 32 people. The system must be check frequently to see that it is safe and working properly. After seven year, all the collector leaked. We replace them all. Most other components have been replaced over the years. Still adding to and fixing things today. Not easy. Not cheap. Can you imagine what the city will have to learn to do to keep electricity flowing to all of us? And what about Boulder wind storms with down wires and poles with shorted transformers sparking all over the place?
Secondly, What about the interest on $600-plus million at maybe 8% and probably more in the future? (It wont be a municipal bond at 5%, I understand). We are talking about $50 million per year!
Next, What about natural gas? Who is going to provide it? Xcel? Two bills to pay? Two organizations to deal with?
Finally, Back to our apartment, built in 1977. Boulder City water, then, was about $360 per year. Guess what it is today? About $3600.
Recently, we zeroscapted the whole place. No sprinklers. No lawn to water. None at all. Boulder City water bill still $300 to $400 per month.
One of our largest expenses!
Base on all these, and what Barrett and many others have had to say, I plan to vote no on 2b and 2C.