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HomeMy WebLinkAbout021317_cabs02JEFFERSON COUNTY BOARD OF COUNTY COMMISSIONERS COUNTY ADMINISTRATOR'S BRIEFING AGENDA REQUEST TO: Board of County Commissioners r -- r FROM: Philip Morley, County Administrat DATE: February 13, 2017 G= RE: Briefing re: Port Hadlock Wastewater System STATEMENT OF ISSUE: Public Works Director/County Engineer Monte Reinders will lead a briefing to the Board of County Commissioners regarding the financing and status of the Port Hadlock Wastewater System project. Community Development Director Patty Charnas will also attend. ANALYSIS: The Irondale & Port Hadlock Urban Growth Area (UGA) is an unincorporated UGA designated in the County's Comprehensive Plan. Under Washington State's Growth Management Act (GMA), urban growth areas are required to have "fundamental urban services," including public sewers. The area is currently served by private septic systems. Without a public sewer system, development in the area is limited by its current "transitional rural zoning." Future urban zoning has been approved for the UGA, but cannot be put into effect until a wastewater collection and treatment system is constructed. The County has completed final plans and specifications for the wastewater treatment plant, influent pipeline, and effluent reuse/infiltration area, and acquired the land for those facilities. Design of the gravity collection system that will be under the roads in the UGA has been completed to the 10% level. Construction of the Port Hadlock Wastewater System cannot begin until funding that is both affordable and sustainable is acquired. Jefferson County continues to seek funding for the sewer system. A current 2 -page flyer about the project, and a 2015 financial plan by Katy Isaksen & Associates are attached to this memo as background for the February 13 briefing. FISCAL IMPACT: None from the briefing. RECOMMENDATION: Hear the briefing and engage in dialogue with staff about funding for the project. REVIE D BY: i Philip Morle , ounty Adminis for Date x . =future Wastewater Future Sewer Treatment Plant - — a �K `% , :. E Reuse Site ¢� AD-R per 5'acres Without;Sewer Vacant Und'i DweNmg n � j _ =`• r 7z v? Co my iibr y & _ hlmaeum 4 410 6) —i _f Pgmar�r Sch pi (!4rnptJ§ Zr � {. -f §-:St-- fi '� / AF Large Grocery St�o�e + Cannot Expand r1 I1-ICrYEI 5t� Sl �..1�. `- .r''A` Jr•G?f may, . !�i £`i i,i dU'.0 �'�` � '- '� • .� Popular R taurant "Ajax Cafe" K gsy'Rd -0W0r 4ya r/0cf Close definitely — Septic Failure Port Hadlock Urban Growth Area (UGA) & Sewer • Only UGA in Unincorporated Jefferson County • Characterized by Urban Densities Along 2 State Highways • Currently Served by 100's of Old Septic Systems • Sewer Mandated by State Growth Management Act (GMA) • Without Sewer - Commercial, Retail, Multi -family, Senior & Low Income Housing, Light Industrial Cannot Expand • County's Economic Growth and Jobs Tied to Development Opportunity in UGA • 1,290 acres • 3,580 (2010 Population) Grows to 5,398 in 20 Years • Sewer Addresses Water Quality Iss&ogle Earth Imagery date: 7/20/2016 40 V18.23" N 122145'54.95' W elegy 131 ft eye alt 7720 ft 0 Port Hadlock Urban Growth Area (UGA) — Wastewater Treatment Project Jefferson County Completed! Next Steps... Port Hadlock Wastewater System, $45,200,000 Existing Grants, C1 inn nnn Sewer User $10,200,OC Program Grants, $9,000,000 xisting County, $3,900,000 ISsv':rmli • Without a sewer, economic growth, development, and jobs cannot be created in the UGA • High density and multi -family low income and senior housing are not possible without sewer • Sewer infrastructure is challenging and expensive to develop "from scratch" • Sewer costs to users must be affordable • Port Hadlock has a relatively low Median Household Income level (60% of State MHI) • Without significant investment from the State and Federal Government, the sewer is just not affordable 4ppropriations, • Without State/Federal assistance, sewer will cost over $20,000/residence to connect + $21,000,000 $87.00/month for O&M • Jefferson County is seeking a minimum of $30 Million in assistance from State and Federal sources to bring user costs into an affordable range and see this required prosect succeed. Contact Information Jefferson County Department of Public Works - 623 Sheridan Street, Port Townsend, WA 98368 Monte Reinders, P.E., Jefferson County Public Works Director, (360) 385-9160 Jefferson County District 2 Commissioner: David Sullivan, (360) 385-9100 P 206.706.8893 PO Box 30008 Seattle, WA 98113-2008 Katy@kisaksenassoc1ates.com Katy Isaksen & Associates Utility Financial Planning for Local Government QW) MEMORANDUM Date: October 23, 2015 To: Monte Reinders, Jefferson County Public Works Director From: Katy Isaksen, KI&A Cc: Kevin Dour, Tetra Tech Subject: Updated Financial Plan for Port Hadlock Wastewater System INTRODUCTION AND SUMMARY This technical memorandum presents the updated financial plan deliverable for Task 300.5—Financial Plan Refinement for the Phase I Collection System LID Formation Support Services Contract (4055351693). The original financial plan was developed for Chapter 9 of the Jefferson County Port Hadlock UGA Sewer Facility Plan dated September 2008. It was updated following the 30% design cost estimates for the Port Hadlock Wastewater Facility, Reclamation Plant and Influent Pipeline on May 25, 2012. Since that time, final plans and specifications have been completed for the wastewater treatment plant, influent pipeline, and wastewater reuse (infiltration) area. In addition, all land needed for construction of these facilities has been acquired by the County. Tetra Tech has subsequently updated the following design documents with updated costs: • 100% Design Cost Estimate, Reclamation Facility and Influent Pipeline, 12/31/13 (Costs include construction, 10% contingency and 9.5% sales tax) • 10% Opinion of Probable Construction Cost, Core and Rhody Drive Collection System, 5/6/14; Final Revisions (Costs include 20% contingency) • Estimated Annual Operations and Maintenance (O&M) Costs, 1/17/14 • Estimated Short Lived Asset Replacement, 1/17/14 • No change to the population projections by Jefferson County. This financial plan update indicates that a substantial infusion of grant assistance will be required to bring the user -financed portion of the project into an affordable range using commonly accepted measures of affordability (as explained later). The financial plan in the approved 2008 Facility Plan relies on the establishment of a local improvement district (LID) to finance the full cost of the collection system. Given the current collection system cost estimates and depressed property values (a measure of "demand"), the special benefit provided at this time as a result of the project would be substantially short of the amount needed to finance the entire cost of the collection system (see Draft Formation Special Benefit/Proportionate Assessment Study by McCauley and Associates LTD, November 2013). An additional challenge continues to be that Jefferson County is not eligible to apply for funding from grant or low-interest loan programs until the LID is established, but an LID is extremely difficult to establish without secured grant and loan funding to present to the affected property owners. Considerations that may make the project more feasible from a financing perspective are as follows: • Reduce the amount to be financed and paid back by users through the acquisition of new grants. • Attempt to finance the construction without formation of an LID. • Wait for further economic recovery, which may result in greater commercial development interest in the Port Hadlock/Irondale area. This would result in property value increases and more interest by property owners to invest in sewer. Updated Financial Plan for Port Hadlock Wastewater System Page 1 Wait for a revision to the Washington State Growth Management Act that may allow use of urban zoning together with the installation of sewer service and not require the sewer system to be in place prior to any use of urban zoning. Convene a meeting of the financial Tech Team, made up of representatives of state and federal funding assistance programs to discuss this updated financial plan and the options for moving forward. The use of urban zoning as an economic development tool for Jefferson County is not able to be financed at this level with traditional infrastructure funding sources without substantial grant assistance. PORT HADLOCK WASTEWATER FACILITY PROJECT The Port Hadlock Wastewater Facility Project consists of a new wastewater treatment facility (WWTF), collection system and financing for side sewers to serve the Port Hadlock/Irondale Urban Growth Area (UGA). As approved in the 2008 Facility Plan, the project is phased to begin in Port Hadlock and expand to the Irondale area over a 20 -year period, ultimately serving approximately 1,290 acres. The area is currently served by septic tanks that will be decommissioned when existing properties are connected to the sewer system. • The initial phase is planned to construct the wastewater treatment plant, the effluent re -use (infiltration) ponds, the main influent pipeline and pump station, and a portion of the gravity collection system. The initial collection system has been refined from the Facility Plan to include the Core and Rhody areas, for approximately 500 acres. These are primarily the commercial zones along SR -116 (Core) and SR -19 Rhody Drive. • Subsequent phases—The treatment facilities are planned for modest improvements to add 3 days' storage and Ultraviolet Disinfection #3 approximately 5 years after the initial phase. A major expansion is planned for approximately 11 years after completion of the initial phase to provide capacity for a portion of Residential Area #2 and all of Residential Areas #3 and #4. The collection system is planned to expand to the old Alcohol Plant area in approximately the third year after completion of the initial phase, Residential Area #1 in year 6, Residential Area #2 in year 9, and Residential Areas #3 and #4 beginning in year 14. Given the complexity of beginning a new sewer system and the slow economic growth in the area, a conservative financial test was developed to demonstrate what might happen if the system began with the Core and Rhody Drive areas and then paused for a period of years instead of the steady progression of expansion laid out above. In other words, test to see if the system could be sustainable without further expansion and limited solely to in -fill in the initial phase area. System Components The financial plan has been developed around the concept that system components fall into one of three categories: a) Common and shared b) Local c) On-site. The common and shared facilities include the water reclamation facility, reuse facilities and influent pipeline. These facilities are a shared responsibility of all system users. The local facilities are the sewer collection lines and local pump stations that serve each neighborhood to bring the sewage to the main influent pipeline and the treatment plant. The on-site costs are those necessary to connect each home Updated Financial Plan for Port Hadlock Wastewater System Page 2 or business to the sewer stub at the edge of the property line and right-of-way. The on-site costs are the responsibility of the individual property owner connecting to the sewer. Typically these costs are not included in the system costs; however, they are included here to allow the County to pursue funding if available, to encourage customers to connect early and be able to finance the costs over time. The 10% Opinion of Probable Construction Costs (completed by Tetra Tech in late 2013/early 2014) for the collection system in the initial phase (Core and Rhody) includes three categories: • Mainline sewers and pump stations • Service laterals in the right-of-way • Service connections on private property. This financial plan assumes that local costs include mainline sewers and service laterals in the right-of- way. On- site costs include the service connections on private property. Estimated Project Cost for Initial Phase The estimated project costs for the initial phase have been updated with the 100% design estimate of the WWTF and the 10% design estimate of the collection system, as shown in Table 1. The costs were estimated at the end of 2013, assuming hypothetical mid -point of construction one year later. These costs do not include planning work performed prior to 2011. Jefferson County has completed the land acquisition for the common/shared facilities. A utility operations startup item has been added at the estimated cost of operations for the first year. This addition anticipates that the staff would be hired and trained prior to sewer customers being connected. The costs will need to be updated for construction inflation at the time the project moves forward. An allowance for project restart is included to refresh the technical, environmental and permitting to meet requirements that are current at such time. The current estimated cost for the Phase I (Core and Rhody) collection system (including design, land acquisition and construction management) is roughly double what can be financed through an LID as explained later. Together with the current depressed property values, the preliminary special benefit can support approximately $6,000,000 to $8,000,000 (50%-60% of special benefit) and the remaining collection system would need to be financed with grants or outside of the LID. If the collection system were to be constructed without establishing an LID, the savings would be $1,600,000, but the new connections would have to pay for the collection system through higher connection fees or monthly rates. Updated Financial Plan for Port Hadlock Wastewater System Page 3 Table 1: Estimated Project Cost for Initial Phase ESTIMATE AT 100% DESIGN WWTF,10% COLLECTION SYSTEM I UPDATED COSTS ($2014) ESTIMATED PROJECT COSTS (excludes Facility Plan and previous planning/UGA efforts) Preliminary/Other Land Acquisition $1,400,000 Completed Environmental/Cultural Review $276,000 Completed Permitting $60,000 Completed Other Preliminary (fund, public involvement, etc.) 30% $316,000 Completed Public involvement/information $73,000 Ongoing Other (Value Engineering/LID/Legal) $500,000 Ongoing County Project Administration $525,000 Ongoing Utility Operations Startup $220,000 Subtotal Preliminary $3,370,000 Water Reclamation & Pipeline - Common Construction 1 $15,496,000 Design: 30% $500,000 Completed Design: final & bid documents $1,785,000 Completed Project Restart @ 1% $155,000 Construction Management @ 10% $1,550,000 Subtotal Common $19,486,000 Future Storage and UV3 to complete initial capacity $782,000 Year 6 Total Common Facilities (Treatment, Reuse & Pipeline) $23,638,000 Initial Collection System: Core & Rhody Construction z $13,818,000 Land Acquisition for Pump Stations $25,000 Design @ 15% $2,073,000 Construction Management @ 10% $1,382,000 Establish LID (20% of assumed $8,000,000 LID)' $1,600,000 Subtotal Initial Collection System $18,898,000 Total System w/Initial Collection System $42,536,000 Option: Include Initial Side Sewer Cost 3 $2,675,000 Total Project Cost $45,211,000 1 Tetra Tech Water Reclamation Facility and Influent Pipeline 100% Cost Estimate 12-30-2013 ENR Adjusted 2. Tetra Tech 10% Opinion of Probable Construction Costs Core and Rhody Drive Collection System includes • Mainline sewers in right-of-way and pump stations • Service laterals in right-of-way. 3. Tetra Tech 10% Opinion of Probable Construction Costs Core and Rhody Drive Collection System includes • Service Connection on Private Property. 4. The LID is assumed to be able to accommodate $8,000,000 based on 60% of special benefit. The cost to establish an LID includes a required 10% guaranty fund, 6.5% allowance for interim interest & financing, and 3.5% allowance for final bond financing costs (total 20% of LID -financed construction). Updated Financial Plan for Port Hadlock Wastewater System Page 4 FUNDING TO DATE Jefferson County has been working diligently on fund-raising in order to make the cost more affordable to the residents and businesses in Port Hadlock. Table 2 summarizes the funding that has been obtained to date. The County has been working with all possible funding agencies to attract grants that do not have to be repaid, has sold bonds to be repaid with the .09 Rural County Sales Tax (known as the Public Infrastructure Fund (PIF) in Jefferson County), and has begun borrowing from a $10 million Public Works Trust Fund (PWTF) loan at 0.5% interest (approximately $1.7 million has been borrowed through 2014 to match a federal EPA grant used for completion of the final plans and specifications and property acquisition). Table 2: Funding Secured to Date Source GRANT WA Dept. of Ecology Reclaimed Water Grant USDA -RD Predevelopment SAAP Federal Appropriation (EPA Admin) Subtotal Grant LOCAL 2011 LTGO Bond Issue to be repaid by Rural Co. Sales Tax (PIF Fund) Subtotal Local LOAN 2011 PWTF loan Amount $197,797 Preliminary design 30% $25,000 National Environmental Protection Act compliance $970,000 2010 federal appropriation toward design $1,192,797 $2,202,190 45% local match for SAAP & portion land acquisition, .09 Rural Co Sales Tax sunsets in 2027 $2,202,190 $10,000,000 Other preliminary, land acquisition, begin construction Subtotal Loan $10,000,000 Approx. $1.7 million used through 2014 TOTAL FUNDING TO DATE $13,394,987 1 LTGO = Limited -tax general obligation SAAP = Special Appropriation Act Projects (EPA grant program) PIF = Public Infrastructure Fund USDA -RD = U.S. Department of Agriculture Rural Development PWTF = Public Works Trust Fund program Congressman Norm Dicks was instrumental in obtaining a federal appropriation for the design of the reclamation plant, influent pipeline and reuse facilities. The PWTF loan allowed the County to meet the local match for the grant to bring the design of the treatment facilities to 100% and was important in allowing the County to move forward. The loan was also used to cover some of the property acquisition costs as well as special benefit assessment work and 10% design level work and cost estimating for the Core and Rhody (initial phase) collection system. The loan came with a five-year deferral to allow time for construction and customers to connect to the new system. Payments will begin in June 2017. Jefferson County has committed 50% of its .09 Rural County Sales Tax to this project. In 2011, the County issued approximately $2.2 million in limited general obligation bonds for sewer improvements (local match and land acquisition). This bond amount was the best estimate of what the annual PIF funds could support. Updated Financial Plan for Port Hadlock Wastewater System Page 5 ADDITIONAL FUNDING NEEDED Given the projects costs of approximately $45.2 million and $13.4 million of funding obtained so far, Table 3 demonstrates that approximately $31.8 million is needed to have full funding for the initial project phase. Table 3: Additional Funding Needed for Initial Phase Total System w/Initial Collection System $42,536,000 Option: Include Initial Side Sewer Cost $2,675,000 Total Project Cost $45,211,000 LESS: FUNDING IN HAND $13,394,987 Additional Funding Needed $31,816,013 Funding Needed with Initial Side Sewer (Rounded) $31,820,000 This scenario includes the option of the County borrowing $2.7 million for the first year on-site side sewer costs to provide incentive for early connection. The incentive would be to allow financing of the on-site costs over time for those property owners that connect in the first year. After that point, each customer would be responsible for obtaining funding for their own on-site side sewer costs. The project has proceeded as far as possible with the state and federal funding programs until a local improvement district is formed for the collection system. The advantage of using funding programs for construction financing is to obtain a lower interest rate than the open bond market and also to have some access to grant funding to match low interest loans offered within some programs. All programs want to be partners in successful projects and this project has the interest of the key funding programs—they are already funding partners. From the funding program perspective, the formation of an LID demonstrates local commitment to the project and increases the probability of success. If Jefferson County were to consider proceeding without using LID financing, they should discuss this option with the funding programs to ensure that the project remains eligible for funding. Jefferson County has been working with a Tech Team made up of key funding program representatives and this would be an appropriate topic to discuss at a future meeting. BORROWING FOR CONSTRUCTION Jefferson County will be the owner/operator of the system as presented in the approved Facility Plan. This is important because Jefferson County will need to borrow the funds for construction and will be responsible for repayment. This responsibility can be shared with property owners through local improvement districts for the local collection system. The County may contract for services, such as operations, maintenance and billing, from the PUD or other provider, but the County will be responsible for repayment of the funds borrowed. PLAN FOR DEBT REPAYMENT The approved Facility Plan anticipates that the County will obtain as many grants as possible, borrow funds for construction and have customers make repayment in some combination using the following mechanisms: a) Connection Charges—Common facilities (water reclamation facilities, influent pipeline, and reuse (infiltration) area) would be repaid through connection charges paid by property owners when connecting to the system. The Facility Plan called for the connection charges to be averaged over the 20 years as requested by the County. However, in the slower growth scenario Updated Financial Plan for Port Hadlock Wastewater System Page 6 referred to as "Initial Area (Core & Rhody Drive areas) and Pause," the costs must be identified and shared appropriately. b) LID Assessments—The collection system (sewer lines in neighborhood and local pump stations where necessary) would be funded by establishing local improvement districts as provided by law under Revised Code of Washington 36.94.220. This would provide group financing for the property owners and allow them to pay their assessments over 15 to 20 years. The traditional method is for the County to sell LID bonds after construction is complete, all costs have been finalized, the pre -payment period has closed and assessments have been finalized. If other financing is available, such as a Public Works Trust Fund (PWTF), Department of Ecology or USDA -Rural Development low-interest loan, the LID mechanism can also be used as the method for repayment and could result in a lower cost to the property owners. (The LID mechanism allows property owners to pay their assessment over a period of 15 to 20 years instead of paying all at once.) Generally, the LID must be formed before being eligible to apply for funding. Currently the estimated cost for the Phase I (Core and Rhody) collection system (including design, land acquisition and construction management) is roughly double what can be financed through an LID, as explained later. c) Property Owner Self-Funding—On-site costs to connect a home or business through a side sewer to the property line will vary by property, depending on the size and shape of the lot, topography, and existing landscaping or pavement that may have to be restored. The side sewer connection and decommissioning of existing septic tanks are assumed to be the responsibility of the property owners. The County could seek to borrow for the initial on-site costs to provide incentive for early connections of existing development by allowing the property owners to finance their side sewer costs over a number of years with the LID assessment. d) Monthly Rates—Because this is a new system without existing customers, it is assumed that the debt payments will not be funded through monthly sewer rates. The monthly sewer rates are assumed to include the operations, maintenance, billing, administration and replacement reserves required to operate the wastewater system. Until the final construction financing is known, it is assumed that the initial debt repayment will be funded by connection charges and LID assessments and not by monthly rates. RECOVERING CAPITAL COSTS FROM SEWER USERS The cost categories are used to fairly allocate costs among sewer customers in a manner that strikes a balance between ensuring fiscal sustainability for the County, the sewer utility and easing the burden on sewer customers where possible. Table 4 summarizes the plan for recovering the capital costs from sewer customers. Table 4: Paying for Capital Costs Cost Element Description Payment Method When to Pay Common - Common & shared portions of system— Sewer Connection Pay upon connection to sewer GENERAL treatment plant, influent pipeline, reuse area Charge system Shared- Collection system—sewer lines, local pump LID Assessment Pay over 15 to 20 years when LOCAL stations and service laterals in the right-of-way sewer line comes to neighborhood On -Site - Connection between home/business and Up to property Pay upon connection to sewer SIDE SEWER sewer stub at property line owner system Updated Financial Plan for Port Hadlock Wastewater System Page 7 Equivalent Residential Units For planning purposes, the system is described in equivalent residential units (ERUs). This allows the costs to be determined on a per residential unit basis. The approved Facility Plan assumes an ERU is equal to 2.2 population equivalents, 60 gallons per day (gpd) per person, 132 gpd per one residential dwelling unit, or 4,000 gallons of water per month per dwelling unit. There are an estimated 599 ERUs in the initial phase to be connected in the first year, based on Tetra Tech's flow and loads analysis (presented in the Facility Plan) using population projections from Jefferson County. This was confirmed with water customer records from Jefferson County PUD in 2006. The 20 -year total is 4,201 ERUs in the approved 2008 Facility Plan (see 100% Design Cost Estimate of the Reclamation Facility and Influent Pipeline for planned ERUs and flow for the Initial Phase 1). For the "Core & Rhody Drive Areas and Pause" scenario described earlier, there are 2,272 projected ERUs in the 20 -year planning period. Both of these scenarios include assumptions of new development and redevelopment to increase sewer customers in each of the 20 years. The County will need to adopt policies and procedures to administer the sewer utility, including the definition of assigning ERUs to multifamily residential, multi -unit commercial and higher strength commercial customers. Estimated Cost per ERU for Initial Phase (Core and Rhody) Given the estimated project cost and components described above, Table 5 summarizes the estimated cost per ERU for the initial phase of Core and Rhody Drive areas. (See Appendix I for a map of the initial phase.) The cost for an average connection would be $16,600 per ERU plus on-site costs (described in more detail below). The common and shared costs are divided by the initial capacity of 2,482 ERUs. The initial collection system costs are divided by the Core & Rhody Drive area of 2,272 ERUs. Table 5: Estimated Cost per ERU for Initial Phase CONNECTION CHARGE + LID ASSESSMENT FOR CORE + RHODY This alternative divides the initial Phase 1 system costs by the initial Core + Rhody ERUs a. Initial Common & Shared Costs Preliminary/Other $3,370,000 Common/Shared Treatment/Reclamation Facilities $19,486,000 Future to Meet Capacity (3 -day storage, UV -3) $782,000 Less: Existing Grants & Local PIF Funding -$3,394,987 Subtotal $20,243,013 Initial Capacity ERUs 2,482 a. Connection Charge due upon connecting $8,200 per ERU b. + LID Assessment Initial Collection System Costs $17,298,000 Establish LID (20% of assumed $8,000,000 LID) $1,600,000 Subtotal 20 -Year Collection System Cost $18,898,000 Core & Rhody Drive 20 -Year ERUs 2,272 b. LID Assessment paid over 20 years $8,400 per ERU c. Connection Charge + LID Assessment this Scenario $16,600 per ERU + On -Site Costs The connection charge of $8,200 per ERU is based on the initial common/shared facilities required to provide capacity for Core + Rhody Drive areas ($20.2 million) divided by the initial capacity of 2,482 ERUs for the Phase 1 treatment facilities. The initial collection system LID assessment is based on the Updated Financial Plan for Port Hadlock Wastewater System Page 8 estimated cost for Core and Rhody areas ($18.9 million) divided by the 2,272 ERUs planned in those areas at build -out and averages $8,400 per ERU. This phasing provides 210 ERUs of additional capacity (2,482 ERUs available minus 2,272 ERUs in initial phase) at the treatment plant that could be sold before the need to expand the treatment facilities. The estimated costs are shown on a per-ERU basis. An ERU is equal to a residential dwelling unit or 4,000 gallons of water per month (see also Equivalent Residential Units). In addition, each property will be responsible for installing the side sewer on its property to connect the home or business to the system at the property line. This cost will vary by property depending on the length of the sewer on each lot, the amount of pavement/landscaping restoration, etc. Recent contractor activity indicates an average of $3,000 per residential gravity connection (see On -Site Costs below). Once a property is connected to the sewer, monthly sewer rates will begin (see also Initial Monthly Sewer Rate). The 2008 Facility Plan estimated sewer costs per ERU based on the total 20 -year facility costs (initial phases and subsequent expansions) divided by the 4,201 ERUs anticipated to connect over the 20 -year planning period, as required for Growth Management Act planning. (See Appendix B, Scenario 1). This financial plan tests the sustainability of the initial phase if there is a long pause before expansion into the residential areas. Therefore the initial phase common and shared costs are divided by the initial capacity of 2,482 ERUs, which includes 2,272 ERUs Core & Rhody plus 210 additional ERUs of capacity built into the plant before a major expansion is needed. (See Appendix B, Scenario 2). While the 2008 Facility Plan showed that it was feasible to sewer the entire UGA in the 20 -year planning horizon, it is more conservative to plan for the initial phase and then a long pause, since expansion of the sewer into residential areas may take significantly longer given the funding challenges and lack of re -development pressure in these built -out areas. This would be a more traditional method of growing a sewer system— expanding when there is demand. This would allow the system to "get off the ground" and function and grow with demand and as dictated by the availability of funding—from developer extensions, LIDS, grants, borrowing, monthly rates, etc. On -Site Costs In addition to paying the connection charge (for common and shared costs) and LID assessment (for the collection system), individual property owners will be responsible for installing the side sewer on their property to connect their home or business to the system at the property line. This cost will vary by property depending on the length of the sewer on each lot, the amount of pavement/landscaping restoration, etc. The Facility Plan estimate was $3,500 per residential connection. Based on recent contractor activity, this is currently estimated to average $3,000. The 10% design effort completed by Tetra Tech in late 2013 estimated a range of costs for the Core area ($4,800) and Rhody Drive area ($13,200). Some properties are below the sewer line and cannot be served by gravity service. Instead, these properties will require a grinder pump to pump the effluent up to the sewer line. These costs are estimated to average $21,900 in the Core area and $23,500 in the Rhody Drive area. Because this range was so wide, local contractors were contacted in fall 2015 to obtain examples of recent bids. (See Appendix J). A contractor active in the Mason County Belfair area provided an average residential connection for an existing home of $2,000 to $3,000 including decommissioning the existing septic tank. The same contractor suggested commercial gravity connections were averaging an Updated Financial Plan for Port Hadlock Wastewater System Page 9 additional $200 to $300 over the residential connections. For pumped systems, the residential average is $8,000 including grinder pump and electrical connection. Larger commercial pumped systems require a larger duplex grinder pump system and average $20,000. Another contractor provided bid tabulations for grinder pump connections for the Sacheen Lake Water & Sewer District. These pumped residential connections averaged $7,600 including existing system connection and septic tank pumping. (See Appendix J) Local Improvement District A local improvement district is a financing mechanism that allows a capital improvement that benefits certain properties to be financed by the benefitting properties. A special benefit district would be formed to include the benefitting properties. Then the cost financed by the LID would be shared among the properties within the LID through a special assessment. The special assessment can be paid outright without interest or over a number of years with interest based on the underlying financing. Roads and sewer collection systems are the type of improvements that are well suited for an LID to allow the special assessments to be paid over a number of years. The LID would be administered by Jefferson County and all properties within the LID boundary would receive a special benefit assessment. The assessment can be paid over a 15- to 20 -year period. State law provides this financing mechanism to the County under Revised Code of Washington 36.94.220. The formation of a special benefit district must follow certain procedures, including specific notices and hearings, and a test that demonstrates that the assessment cannot exceed the special benefit received from the improvement (availability of sewer). The special benefit reflects the value of the property before and after sewer is available. The limit to financing available under an LID is the amount of special benefit. For more information on LIDS, the Municipal Research and Services Center has prepared the Local and Road Improvement Districts Manual for Washington State. It is available at the center's website, www.MRSC.org. The estimated average LID assessment of $8,400 per ERU is shown in Table 5 for the initial phase. However, the LID costs are not anticipated to be spread on an ERU basis. A separate feasibility study was conducted in 2013 by a specialized appraisal firm (Macaulay & Associates, LTD) to determine the special benefit and ensure that the project meets the required statutory test that the assessment cannot exceed the special benefit. The process of establishing LIDS is specified in law and Jefferson County has a team identified to assist. The property owners will have the option to pay their total assessment up- front without interest or pay the assessment with their property taxes over 15 to 20 years. The number of years for repayment will be determined when the final financing is obtained. Special Benefit Appraisal A draft Formation Special Benefit /Proportionate Assessment Study was prepared for the Core and Rhody areas in November 2013 by Macaulay & Associates, LTD. The draft estimated special benefit (or increase in property values resulting from the availability of sewer) for the initial area was $13,289,000. A typical project would proceed with a cost (or amount to be financed by an LID) within the range of 50%-75% of the special benefit to provide economic incentive for property owners to participate in the project. For this project, the range would be $6,645,000 to $10,000,000 to be financed by the LID. In order to meet this test, either the amount of the collection system to be financed would need to be reduced or the property values increased in relation to the project cost (over which only the "market" has influence). Obtaining grants would reduce the amount to be financed. Updated Financial Plan for Port Hadlock Wastewater System Page 10 In order to bring the costs into a more affordable range, the County has estimated that $21 million in additional grants will be required. $12 million are necessary to bring the LID assessments into a feasible range and the remaining grant would be applied to the common and shared facilities. Table 6 demonstrates costs per connection could be reduced to $7,400 per ERU plus on-site costs if $21 million in additional grants is obtained. Table 6: Estimated Cost per ERU with $21 Million in Additional Grants CONNECTION CHARGE + LID ASSESSMENT FOR CORE + RHODY I Future Grants = $21,000,000 This alternative reflects LID Assessment Available with Special Benefits Studv in 2014. a. Initial Common & Shared Costs Preliminary/Other Common/Shared Treatment/Reclamation Facilities Future to Meet Capacity (3 -day storage, UV -3) Less: Existing Grants & Local PIF Funding Less: FUTURE GRANT FUNDING Subtotal Initial Capacity ERUs a. Connection Charge due upon connecting b. + LID Assessment Initial Collection System Costs Establish LID (20% of assumed $6,400,000 LID) Less: FUTURE GRANT FUNDING Subtotal 20 -Year Collection System Cost Core & Rhody Drive 20 -Year ERUs b. LID Assessment paid over c. Connection Charge + LID Assessment this Scenario AFFORDABILITY $3,370,000 $19,486,000 $782,000 -$3,394,987 -$9,000,000 $11,243,013 2,482 $4,600 per ERU $17,298,000 $1,060,000 $12,000,000 $6,358,000 2,272 800 per ERU r ERU + On -Site Costs Each funding program uses its own measure to determine affordability and hardship. The primary programs have begun working together to come to common use of measures where possible. The median household income (MHI) is a fairly common measure for determining affordability of a sewer system. The typical measure is that sewer costs of approximately 2% of median household income on a monthly basis are considered affordable. The sewer costs would include the connection fees, LID assessment and monthly sewer rates. This is very difficult to achieve for a new system and is why most funding programs have some form of recognizing hardship and providing assistance: • PWTF had a lower interest rate and a longer repayment period • The Department of Ecology has lower interest rates and potential for a grant portion (up to $5 million) • USDA -Rural Development has lower interest rates and adjusts the grant portion of the offer • The Community Development Block Grant (CDBG) program has its own hardship requirement. Washington State Office of Financial Management estimates median household income for the state and counties. For projected 2014, the most recent available, Washington State annual MHI is shown as $58,686 (1% increase from 2012). Jefferson County MHI is shown as $48,189 (a 4% decrease from 2012) Updated Financial Plan for Port Hadlock Wastewater System Page 11 per year or $4,016 per month. At 2%, the sewer cost would need to be approximately $80.00 per month. The County would need substantial grant funding to bring the new system costs in at an affordable level (using the above measures of affordability) and will be seeking to attract grants to assist in this effort. The Department of Ecology publishes a median household income table as part of its funding guidelines each year. This includes the American Community Survey (ACS) data that is based on the June 2014 5 -year estimate. The Port Hadlock/Irondale census -designated place is shown with annual MHI of $30,775, 2% at $616 or monthly 2% at $51.00. In the same table, Washington State is shown with annual MHI of $59,374. In the two years since 2012, Washington State has increased 1 percent and Port Hadlock/Irondale has decreased 4 percent. While the numbers vary by source, it is clear that Jefferson County, and particularly the Port Hadlock/Irondale area, has lower MHI than the Washington State average. Table 7 summarizes the comparison of MHI to Washington State for the two published sources. Table 7: Compare MHI to Washington State Office of Financial Management Department of Ecology App L Annual Median Household Income 2014 ACS Jun14 Washington State $58,686 $59,374 Jefferson County $48,189 Port Hadlock/Irondale census designated place $30,775 Percentage of State MHI 82.1% 51.8% USDA -Rural Development also considers MHI in determining the mix of grant to loan. The ACS data in Table 7 is acceptable. If a community does not feel that the ACS data properly reflects its community, it may conduct an income survey performed by an independent third party. If an income survey is performed, the result must be used instead of the ACS data. In order to qualify for CDBG, an income survey has been required in the project area, to be conducted by a third -party. With the American Community Survey data on-line following the 2010 Census, it is possible that some published data may be acceptable. Any pre -requisites should be coordinated with the CDBG program staff prior to beginning a survey effort. SOURCES OF CONSTRUCTION FUNDING State and Federal Appropriations Jefferson County has been working with state legislators to attempt to acquire a state appropriation to help reduce the cost of the system to residents. With the current state budget issues, this is not easy to accomplish and the County is continuing its efforts. The County has also been attempting to acquire another federal appropriation and is finding that the federal budget issues have reduced the opportunities. The County will continue these efforts as well. Key Funding Programs With state and federal budget challenges, the typical funding programs have experienced a reduction in the capital available to grant and loan. Each program requires that the project come in at the appropriate time and attempt to fit into the program's parameters. If the fit is not there, then the County will wait for the next year or two-year period to fit in. The key programs include: Updated Financial Plan for Port Hadlock Wastewater System Page 12 • Public Works Trust Fund (PWTR current funding partner—The County has obtained one low- interest loan from this program for $10 million at 0.5% interest over 20 years. A five-year deferral is provided for a new system to allow time to construct the system before debt repayment begins. The PWTF program has been undergoing changes in the legislature, and the 2014 list that included an additional loan for this project was not funded. It appears that the interest rates have been increased to be 60% of the interest rate on bonds (approximately 2.7%). The annual or biennial rounds are typically open with applications due by May. The PWTF Board develops a draft list in August to be forwarded to the legislature. Funds are available the following July, assuming the legislature passes the bill. This program is currently on a funding hiatus, subject to future state legislative action. • Department of Ecology Water Quality Assistance, current funding partner—The application cycle is once per year, with applications due by the end of October and funds available the following July. In order to apply for construction funding, the County must have Ecology -approved plans and specs. (The County has obtained Ecology approval for the WWTF and reuse facilities and would need to complete design and obtain approval for the collection system. Depending on how long the funding pursuit lasts, some approval areas may need to be revisited). Ecology uses an interest rate and grant continuum to assist in funding hardship communities. The higher the level of hardship, the lower the interest rate: • The non -hardship interest rate is 60% of the bond market rate each year; 2016 loans are at 2.4% for 20 years. • Moderate hardship (2% to 3% MHI) is 1.6% interest. • Elevated hardship (3% to 5% MHI) is 0.8% interest. • Severe hardship (5%+ MHI) is 0.0% interest. A maximum grant of $5 million is available for hardship projects. So far, 30 -year repayments have not been allowed but have been discussed as potential. Additional principal forgiveness may be available for green projects, possibly in the $500,000 to $1,000,000 range. • Community Development Block Grant (CDBG)—This federally funded program has seen reductions in recent years. It may still be possible to apply for up to $1 million to help reduce the cost to the lowest income residents connecting in the initial phase. The County must prioritize this project in order to apply for and use the funding. The application would be through the Department of Commerce at the State of Washington. An income survey would likely be required in order to apply and would take some time to complete. • U.S. Department of Agriculture -Rural Development, current funding partner—This federally funded program is already a funding partner and is tracking the project to be a partner in the construction of the system. The state allocation is typically about $5 million in grants and $21 million in loans per year. The state has been successful in obtaining more than its share from the national office for good projects, such as this one. The split would likely be 25% grant and 75% loan with up to 40 -year repayment. The grant is the last portion of funding to be used for construction. The current interest rate for intermediate hardship communities is 2.75% (adjusted every quarter). There is an open application process that does not have an annual cut- off. It is assumed that this application would be prepared and submitted at the same time as for other construction funding and the programs would work together. • USDA—Community Programs—There is a grant program specific to connection charges for income qualified low-income property owners. The property owner would apply directly to the program. Updated Financial Plan for Port Hadlock Wastewater System Page 13 Washington State Community Economic Revitalization Board (CERB)—The CERB program could be used to supplement a grant of up to $1 million if funds are available. This program focuses on economic development and job creation and retention. A private partner would likely need to sign a letter of commitment to the number of jobs. SEWER OPERATING BUDGET Once the system is constructed, the sewer utility will need to manage and operate the system. An estimated sewer operating budget has been developed based on the annual O&M cost projections from Tetra Tech. Other elements have been added, including billing, state taxes and administration. A reserve fund for emergencies and future capital also must be built up over time. Estimated Annual Operations and Maintenance Costs Tetra Tech estimated the annual O&M costs for each year based on the anticipated facilities in service, flow and ERUs connected for the 20 -year planning period. Tetra Tech also prepared a version for the initial system (Core + Rhody Drive area and Pause). This did not change the initial costs because there was no change in the initial facilities. The labor estimate of 1.24 full time equivalent (FTE) staff members reflects the level of effort necessary to complete the recommended O&M tasks (appropriate for contracting for services). Based on operating experience from other small wastewater treatment facilities in the area, Jefferson County was more comfortable with 2.0 FTEs if operating the new system, to ensure coverage of the key certified operator positions. Table 8 summarizes the annual costs. Table 8: Estimated Annual O&M Costs Port Hadlock Sewer O&M Program Annual Cost Operations & Maintenance Labor - FTE = 2.0 $187,000 Other Annual O&M Costs $111,900 Total Annual O&M Costs (unescalated) $298,900 Alternative Operations & Maintenance Labor - FTE = 1.24 + growth $116,500 Other Annual O&M Costs $111,900 Total Annual O&M Costs (unescalated) $228,400 Other annual O&M costs, including, power, chemicals, biosolids handling, and supplies, are included in the estimated annual O&M costs. An allowance for membrane replacement is also considered an annual cost in this analysis. Appendix E provides more details on the O&M costs. Initial Sewer Operating Budget The financial plan treats the capital costs related to construction of the sewer facilities as separate from the annual operating costs of running the utility from day to day. The sewer operating budget includes operations and maintenance, billing, state taxes and administration, contributions to a replacement fund for short-lived assets and building a reserve for emergencies and future expansion of the sewer treatment facilities. Table 9 shows the initial sewer operating budget at $621,000, or $87.00 per ERU per month based on 599 ERUs. See Appendix E.2 for further information about the operating budget. Tetra Tech estimated short-lived assets that would need to be replaced in spans of 1 to 5 years, 6 to 10 years and 11 to 15 years. Like the annual O&M, the cost of replacing the equipment, etc. was converted to a cost per ERU. A cost was determined for each 5 -year interval and added together for a total of Updated Financial Plan for Port Hadlock Wastewater System Page 14 $9.83. This was rounded up to $10.00 per ERU. The short-lived asset calculations are included in Appendix D. The emergency reserve is assumed to be built up over a number of years at $50,000 per year. Table 9: Initial Sewer Operating Budget Initial Monthly Sewer Rate The initial monthly sewer rate is estimated to be $87.00 per ERU based on the estimated operating budget of $620,850 shown in Table 9. The estimates and allowances contained in the 2008 Facility Plan (totaling $60.00 per ERU per month) have been updated to reflect an estimated initial sewer operating budget following a review of the Mason County Belfair Sewer Program and typical Jefferson County indirect and interdepartmental charges, as seen with the Solid Waste utility. The current estimate of $87.00 per ERU per month is less than other new systems (Belfair is $96.00 per ERU per month with the County funding debt payments) but is higher than some methods of determining affordability. These measures should be clearly discussed with potential funding sources to be sure all are of a common understanding before proceeding. Grants are not generally available for annual operating budget costs. The following alternatives are available for the County's consideration in order to reduce the sewer program costs to a more affordable level: Contract for operations and maintenance services to reduce the operator staffing to the levels estimated by Tetra Tech. Options include Jefferson County PUD; Water & Wastewater Services, LLC, which provides contract services to Fort Flagler State Park wastewater treatment plant; West Sound Utility District, which has offered services in past years; and others that may be qualified and available. Contract for billing and receipting with Jefferson County PUD. A cost estimate has not been obtained to determine how the costs might compare. Certain details would need to be Updated Financial Plan for Port Hadlock Wastewater System Page 15 Monthly Cost per Port Hadlock Annual Sewer Program Initial Budget ERU Operations & Maintenance Labor - FTE = 2.0 $187,000 Other Annual O&M Costs $111,900 Total Annual O&M Costs (unescalated) $298,900 $42.00 Administration/Billing/State Tax Billing - Salary/Benes, 0.5 FTE $28,750 Management & Accounting Management $51,700 Communication/Travel/Advertising $5,500 Insurance (Liability & Property) $30,000 State Excise Tax $14,000 Interfund Professional Service $50,000 Professional Services/Consulting $20,000 Subtotal Administration $199,950 $28.00 Short -Lived Assets $72,000 $10.00 Build up Emergency Reserve $50,000 $7.00 Estimated Operating Budget $620,850 $87.00 Initial Monthly Sewer Rate The initial monthly sewer rate is estimated to be $87.00 per ERU based on the estimated operating budget of $620,850 shown in Table 9. The estimates and allowances contained in the 2008 Facility Plan (totaling $60.00 per ERU per month) have been updated to reflect an estimated initial sewer operating budget following a review of the Mason County Belfair Sewer Program and typical Jefferson County indirect and interdepartmental charges, as seen with the Solid Waste utility. The current estimate of $87.00 per ERU per month is less than other new systems (Belfair is $96.00 per ERU per month with the County funding debt payments) but is higher than some methods of determining affordability. These measures should be clearly discussed with potential funding sources to be sure all are of a common understanding before proceeding. Grants are not generally available for annual operating budget costs. The following alternatives are available for the County's consideration in order to reduce the sewer program costs to a more affordable level: Contract for operations and maintenance services to reduce the operator staffing to the levels estimated by Tetra Tech. Options include Jefferson County PUD; Water & Wastewater Services, LLC, which provides contract services to Fort Flagler State Park wastewater treatment plant; West Sound Utility District, which has offered services in past years; and others that may be qualified and available. Contract for billing and receipting with Jefferson County PUD. A cost estimate has not been obtained to determine how the costs might compare. Certain details would need to be Updated Financial Plan for Port Hadlock Wastewater System Page 15 negotiated, including collections of past due accounts. Jefferson County will be responsible for making debt repayment. At a point in the growth of the utility, a minimum emergency fund balance should be established and the rest would be available for expanding the sewer treatment system or funding debt service associated with the expansion. A rate study should be planned for 3 to 5 years into operations to review and update the rates, reserves and financial plan. The sewer reserve is not planned to fund any collection system expansion. Instead, the sewer collection system or sewer lines will be expanded by future local improvement districts or developer extensions. 20 -Year Cash Flow Test The 20 -year projected cash flow has been updated to reflect current estimates of funds flowing into and out of the sewer fund. Two alternatives are provided in Appendix H with grants of $21 million: • With Funding Program Grants ($10 million) and Loans ($20.7 million) + State/Federal Appropriations ($11 million)—Appendix H.1. includes funding program grants of $5 million from Ecology and $5 million from USDA -RD, with $11 million in additional grants from either state or federal appropriations. In addition to using the existing PWTF loan ($8.3 million available), the initial phase would require total loans of $20.7 million with borrowing the initial on-site costs ($2.7 million) to provide incentive for initial connections. This scenario includes formation of an LID for $7 million. • With State/Federal Appropriations ($21 million) and borrowing ($18 million)—Appendix H.2. shows the projected cash flow with an additional $21 million in either state or federal appropriations and a total of $18 million in borrowing, including the existing $8.3 million from the existing PWTF loan. This assumes that an LID will not be formed and the County will not borrow for the on-site costs. These alternatives are provided to demonstrate the variety of funding opportunities that may be available. Additional PWTF loans may or may not be available, depending on actions in the legislature. One test assumed funding only from funding programs, including $10 million in grants ($5 million from Ecology and $5 million from USDA -RD). The program grants in addition to the existing PWTF loan are not sufficient to fund the initial phase, therefore this scenario is not included. CONCLUSION The funding of this project is a major undertaking that will require piecing together a financing package from various sources. When doing so, the County should consider the ongoing administrative burden of managing several funding sources. The 20 -year cash flow examples in Appendix H include splitting the funding sources by the major system elements (general, local and on-site). Two alternatives are provided to demonstrate the variety of funding opportunities that may be available. Additional PWTF loans may or may not be available, depending on actions in the state legislature. The other alternatives include the following: a) Use the existing $10 million PWTF loan and take advantage of funding assistance program grants (estimated to be $5 million from Ecology and $5 million from USDA -RD) to help make the project affordable to the community. The remainder would be financed by loans from the same programs. Even with the programmatic grants ($10 million), an additional $11 million is needed from federal/state appropriations to establish a reasonable connection charge and an affordable LID (total grants equal to $21 million). Updated Financial Plan for Port Hadlock Wastewater System Page 16 b) Attempt to finance without forming an LID by selling general obligation bonds ($10.8 million), use the existing PWTF ($8.3 million) and appropriations/grants totaling $21 million. This would eliminate the difficulty and cost of forming an LID but would require higher connection fees or monthly fees to cover bond payback. c) Supplement the examples by applying to CDBG for a $1 million grant to help reduce the cost for the lowest income residents. d) Continue monitoring grant programs for potential new sources or the return of the State and Tribal Assistance Grant (STAG) program. e) Continue the pursuit of state and federal appropriations. Once connected to the system, it is estimated that monthly rates for ongoing operations would be $87.00 per equivalent residence. Other properties (commercial and industrial) would calculate the number of ERUs by dividing their monthly water usage by 4,000 gallons. It may be possible to reduce this cost by contracting or sharing services. In order to keep up with the interest on the financing package, it will be important to adjust the connection charges each year in the future. The County will also have 210 additional ERUs beyond those estimated to be needed for the initial phase area that can be sold to properties that require more sewage service, used to accommodate developer extensions that may wish to connect, or for additional LIDS. After 210 ERUs, a major expansion of the treatment facilities will be required. A commentabautERUs—This plan is based on an assumption of how many and when ERUs will connect. This is especially critical in regard to the revenue (how quickly it is received) and the costs per ERU (how much). A cash flow model is available in Appendix H. There are currently 599 ERUs estimated in the initial Core and Rhody area. The cash flow model makes assumptions about the rate of additional connections each year (about 10% increase per year). A slower than predicted connection rate could result in a revenue shortfall, necessitating increased rates or subsidies from other sources to cover the deficit. A potential shortfall in the number of connections could require an interfund loan or some mechanism to meet the debt repayment. However, the initial operating budget was divided by 599 ERUs to determine the monthly fee of $87.00 per ERU. Additional customers would bring down the cost per ERU and help cover inflation during the first six years. The rates should be reviewed annually with the budget process. The County will also need to adopt policies and procedures to administer the sewer utility, including the definition of assigning ERUs to multifamily residential, multi -unit commercial and higher strength commercial customers. Given this updated financial plan, it is recommended that Jefferson County convene a meeting of the financial Tech Team (established at the Infrastructure Assistance Coordinating Council conferences) to discuss the County's options for moving forward. The Tech Team is led by Peter McMillin of USDA -RD and includes representatives from PWTF, Ecology, CDBG, CERB, Growth Management and other relevant funding assistance programs. Updated Financial Plan for Port Hadlock Wastewater System Page 17 APPENDICES APPENDIX A Additional Funding Needed for Construction of Initial Phase—Includes the initial capital costs with construction management, the funding secured to date, and additional funding needed for construction of the initial phase Core and Rhody Drive areas. APPENDIX B. Sharing Capital Costs—This appendix details two alternatives for sharing the costs of constructing a new sewer system: B.1 Without Additional Grants; and B.2 With $21 Million in Additional Grants. Each page shows: Capital costs spread over the full 20 -year connections (this does not fit the initial Core + Rhody and pause scenario) Initial capital costs spread over the ERUs for Core + Rhody Drive areas (includes connection charge + LID assessment) Initial capital costs spread for Core + Rhody Drive areas (all costs in the connection charge, no LID). APPENDIX C. Potential Impact on Sample Property Types—Appendix C.1 identifies the potential impact on a variety of sample property types in the Core & Rhody Drive areas based on the project budget, additional grants to be obtained, connection charge and range of special benefits. Because the assessments can be paid over a number of years, Appendix C.2 demonstrates the estimated annual payments for a variety of sample assessment amounts. APPENDIX D. Short -Lived Assets— This appendix presents the analysis of short-lived asset replacement provided by Tetra Tech. APPENDIX E. Annual O&M Costs—E.1 includes the 20 -year estimated annual operations and maintenance costs by Tetra Tech. E.2 includes the difference in cost between 1.24 FTE vs. 2.0 FTE. E.3 shows the estimated O&M costs for the initial phase Core and Rhody Drive areas. APPENDIX F. Estimated Sewer Program and Monthly Rate per ERU—The table and graphic demonstrate the portion of the sewer program for O&M, billing/state tax/administration, replacement for short- lived assets and emergency reserve. The monthly rates do not include debt service. APPENDIX G. Estimated PWTF Debt Payments—A debt schedule is estimated for the existing $10 million PWTF Loan and the alternative of borrowing only $1.7 million to complete the local match for the EPA grant and 10% design on the collection system. APPENDIX H. 20 -Year Sewer Outlook—Two alternatives are provided for funding the initial phase of Core and Rhody Drive areas: H.1. Use funding programs for grants ($10 million) & loans ($20.7 million) + add $11 million state/federal appropriations for total additional grants = $21 million H.2. Assume no LID, additional state/federal appropriations ($21 million), existing PWTF loan ($8.3 million) and general obligation bonds ($10.8 million). No borrowing for initial on-site costs. These alternatives are provided to demonstrate the variety of funding opportunities that may be available. Additional PWTF loans may or may not be available depending on actions in the legislature. APPENDIX I. Map of Initial Phase (Core & Rhody Drive areas) APPENDIX J. Recent Contractor Costs for On -Site Connections Updated Financial Plan for Port Hadlock Wastewater System Page A-1 APPENDIX A. Additional Funding Needed for Construction of Initial Phase ESTIMATE AT 100% DESIGN WWTF,10% DESIGN COLLECTION SYSTEM UPDATED COSTS ($2014) ESTIMATED PROJECT COSTS (excludes Facility Plan and previous planning/UGA efforts) Preliminary/Other Land Acquisition $1,400,000 Completed Environmental/Cultural Review $276,000 Completed Permitting $60,000 Completed Other Preliminary (fund, public involvement, etc.) 30% $316,000 Completed Public involvement/information $73,000 Ongoing Other (Value Engineering/LID/Legal) $500,000 Ongoing County Project Administration $525,000 Ongoing Utility Operations Startup $220,000 Subtotal Preliminary $3,370,000 Water Reclamation & Pipeline - Common Construction 1 $15,496,000 Design: 30% $500,000 Completed Design: final & bid documents $1,785,000 Completed Project Restart @ 1% $155,000 Construction Management @ 10% $1,550,000 Subtotal Common $19,486,000 Future Storage and UV3 to complete initial capacity $782,000 Year 6 Total Common Facilities (Treatment, Reuse & Pipeline) $23,638,000 Initial Collection System: Core & Rhody Construction z $13,818,000 Land Acquisition for Pump Stations $25,000 Design @ 15% $2,073,000 Construction Management @ 10% $1,382,000 Establish LID (20% of assumed $8,000,000 LID)' $1,600,000 Subtotal Initial Collection System $18,898,000 Total System w/Initial Collection System $42,536,000 Option: Include Initial Side Sewer Cost 3 $2,675,000 Total Project Cost $45,211,000 LESS: FUNDING IN HAND $13,394,987 Additional Funding Needed $31,816,013 Funding Needed with Initial Side Sewer (Rounded) $31,900,000 1 Tetra Tech Water Reclamation Facility and Influent Pipeline 100% Cost Estimate 12-30-2013 ENR Adjusted 2. Tetra Tech 10% Opinion of Probable Construction Costs Core and Rhody Drive Collection System includes A. mainline sewers in right-of-way and pump stations B. service laterals in right-of-way. 3. Tetra Tech 10% Opinion of Probable Construction Costs Core and Rhody Drive Collection System includes C. Service Connection on Private Property. 4. The LID is assumed to be able to accommodate $8,000,000 based on 60% of special benefit. The cost to establish an LID includes a required 10% guaranty fund, 6.5% allowance for interim interest & financing, and 3.5% allowance for final bond financing costs (total 20% of LID -financed construction). Updated Financial Plan for Port Hadlock Wastewater System Page A-2 FUNDING SECURED TO DATE Source Amount GRANT WA Dept. of Ecology Reclaimed Water Grant $197,797 Preliminary design 30% USDA -RD Predevelopment $25,000 National Environmental Protection Act compliance SAAP Federal Appropriation (EPA Admin) $970,000 2010 federal appropriation toward design Subtotal Grant $1,192,797 AL LOCAL 2011 LTGO Bond Issue to be repaid by Rural Co. $2,202,190 45% local match for SAAP & portion land acquisition, .09 Rural Sales Tax (PIF Fund) Co Sales Tax sunsets in 2027 Subtotal Local $2,202,190 LOAN - 2011 PWTF loan $10,000,000 Other preliminary, land acquisition, begin construction Subtotal Loan $10,000,000 Approx. $1.7 million used through 2014 TOTAL FUNDING TO DATE $13,394,987 LTGO = Limited -tax general obligation SAAP = Special Appropriation Act Projects (EPA grant program) PIF = Public Infrastructure Fund USDA -RD = U.S. Department of Agriculture Rural Development PWTF = Public Works Trust Fund program Updated Financial Plan for Port Hadlock Wastewater System Page A-3 APPENDIX B.1. Sharing Capital Costs—No Additional Grants Port Hadlock UGA Wastewater Treatment UPDATED 10/12/15 FUNDING ALTERNATIVES FOR CAPITAL COSTS' GRANTS = SO 1 CONNECTION CHARGES FOR COMMON & SHARED TREATMENT/REUSE FACILITIES + LID FOR COLLECTION This alternative divides all 20 -year costs by all 20 -year ERU's This alternative divides the initial Phase 1 system costs by the initial Core+Rhody ERU's a. 20 -year costs / 20 -year ERU's Preliminary/Other $3,370,000 Water Reclamation & Pipeline- Common $19,486,000 Future Water Reclamation Facilities $12,198,000 Less: Existing Grants & Local PIF Funding -$3,394,987 Less: Existing Grants & Local PIF Funding $31,659,013 20 -Year ERU's 4201 a. Connection Charge due upon connecting $7,600 per ERU b. + LID Assessment to be determined by individual phase 20 -year Collection System Costs $51,088,096 Establish Multiple LID's $4,904,000 Subtotal 20 -year Collection System Cost $55,992,096 20 -Year ERU's 4201 b. LID Assessment paid over 20 -years $13,400 per ERU c. Connection Charge + LID Assessment this Scenario $21,000 per ERU + On -Site Costs 2 CONNECTION CHARGE + LID ASSESSMENT FOR CORE+RHODY This alternative divides the initial Phase 1 system costs by the initial Core+Rhody ERU's a. Initial Common & Shared Costs Preliminary/Other $3,370,000 Common/Shared Treatment/Reclamation Facilities $19,486,000 Future to Meet Capacity (3 -day storage, UV -3)z $782,000 Less: Existing Grants & Local PIF Funding -$3,394,987 Less: Existing Grants & Local PIF Funding $20,243,013 Initial Capacity ERU's 2482 $37,541,013 a. Connection Charge due upon connecting $8,200 per ERU b. + LID Assessment $16,500 per ERU + On -Site Costs Initial Collection System Costs $17,298,000 Establish LID (20% of assumed $8,000,000 LID) $1,600,000 Subtotal 20 -year Collection System Cost $18,898,000 Core & Rhody Drive 20 -Year ERU's 2272 b. LID Assessment paid over 20 -years $8,400 per ERU c. Connection Charge + LID Assessment this Scenario $16,600 per ERU + On -Site Costs 3 ALL IN CONNECTION CHARGE FOR CORE+RHODY (NO LID) This alternative assumes initial costs are divided by Core+Rhody ERU's for connection charges. There is No LID. a. Initial Common & Shared Costs Preliminary/Other $3,370,000 Common/Shared Treatment/Reclamation Facilities $19,486,000 Future to Meet Capacity (3 -day storage, UV -3)z $782,000 Initial Collection System Costs $17,298,000 Less: Existing Grants & Local PIF Funding -$3,394,987 $37,541,013 Core+RhodyERU's 2272 a. Connection Charge due upon connecting $16,500 per ERU + On -Site Costs 1 All costs are shown in 2014 dollars. This assumes that all connection charges would increase each year to reflect cost escalation to be sure that future facilities costs would be covered. z The County would have an option to fund the future facilities improvements (3 -day storage and UV -3 total $782,000) through rates. The above scenarios include those costs in the connection charges. Updated Financial Plan for Port Hadlock Wastewater System Page A-4 APPENDIX B.2. Sharing Capital Costs—With $21 Million Additional Grants Port Hadlock UGA Wastewater Treatment UPDATED 10/12/15 FUNDING ALTERNATIVES FOR CAPITAL COSTSI GRANTS = 521.000.000 1 CONNECTION CHARGES FOR COMMON & SHARED TREATMENT/REUSE FACILITIES + LID FOR COLLECTION This alternative divides all 20 -year costs by all 20 -year ERU's This alternative divides the initial Phase 1 system costs by the initial a. 20 -year costs / 20 -year ERU's a. Initial Common & Shared Costs Preliminary/Other $3,370,000 Water Reclamation & Pipeline - Common $19,486,000 Future Water Reclamation Facilities $12,198,000 Less: Existing Grants & Local PIF Funding -$3,394,987 -$3,394,987 $31,659,013 20 -Year ERU's 4201 -$21,000,000 a. Connection Charge due upon connecting $7,600 per ERU b. + LID Assessment to be determined by individual phase 20 -year Collection System Costs $51,088,096 Establish Multiple LID's $4,904,000 Subtotal 20 -year Collection System Cost $55,992,096 20 -Year ERU's 4201 Less: FUTURE GRANT FUNDING b. LID Assessment paid over 20 -years $13,400 per ERU Less: FUTURE GRANT FUNDING -$5,000 -$21,000,000 c. Connection Charge + LID Assessment this Scenario $16,000 per ERU + On -Site Costs 2 CONNECTION CHARGE + LID ASSESSMENT FOR CORE+RHODY This alternative divides the initial Phase 1 system costs by the initial Core+Rhody ERU's a. Initial Common & Shared Costs Preliminary/Other Preliminary/Other $3,370,000 Common/Shared Treatment/Reclamation Facilities $19,486,000 Future to Meet Capacity (3 -day storage, UV -3)Z $782,000 Less: Existing Grants & Local PIF Funding -$3,394,987 Less: FUTURE GRANT FUNDING -$9,000,000 -$21,000,000 $11,243,013 Initial Capacity ERU's 2482 Core+RhodyERU's 2272 a. Connection Charge due upon connecting $4,600 per ERU b. + LID Assessment Initial Collection System Costs $17,298,000 Establish LID (20% of assumed $6,400,000 LID) $1,060,000 Less: FUTURE GRANT FUNDING -$12,000,000 Subtotal 20 -year Collection System Cost $6,358,000 Core & Rhody Drive 20 -Year ERU's 2272 b. LID Assessment paid over 20 -years $2,800 per ERU c. Connection Charge + LID Assessment this Scenario $7,400 per ERU + On -Site Costs 3 ALL IN CONNECTION CHARGE FOR CORE+RHODY (NO LID)Z This alternative assumes initial costs are divided by Core+Rhody ERU's for connection charges. There is No LID. a. Initial Common & Shared Costs Preliminary/Other $3,370,000 Common/Shared Treatment/Reclamation Facilities $19,486,000 Future to Meet Capacity (3 -day storage, UV -3)z $782,000 Initial Collection System Costs $17,298,000 Less: Existing Grants & Local PIF Funding -$3,394,987 - GRANT FUNDED -$21,000,000 $16,541,013 Core+RhodyERU's 2272 a. Connection Charge due upon connecting $7,300 per ERU + On -Site Costs 1 All costs are shown in 2014 dollars. This assumes that all connection charges would increase each year to reflect cost escalation to be sure that future facilities costs would be covered. Z The County would have an option to fund the future facilities improvements (3 -day storage and UV -3 total $782,000) through rates. The above scendarios include those costs in the connection charges. Updated Financial Plan for Port Hadlock Wastewater System Page A-5 APPENDIX C.1. Potential Impact on Sample Property Types This collaboration between KI&A and Jefferson County was to identify the potential impact on a variety of sample property types based on the project budget, additional grants, connection charge and ranges of special benefits. The property type samples below are based on the scenario where Total Assessments = $6,358,000 + Connection Charge = $4,600 per ERU + On-site depends on the individual property. SUMMARY Port Hadlock UGA Wastewater Treatment - Initial LID Property Examples Estimated Collection System Project Cost to be funded by grants & LID ALLPROPERTIES WITHIN THE ND WILLRECEIVE AN ASSESSMENT- TO BE PAID OVER 20 YEARS + CONNECTION CHARGES ARE PAID WHEN CONNECTING TO SEWER + ON-SITE COSTS Additional Grant Toward Common & Shared = $9,000,000 I TT_in_n�ner FRIT ERU's for Connection Charge Additional Grant Toward Initial Collection System =$12,000,000 Based on existing water meters & water usage 11 Total UD Assessments this Scenario $6,358,000 2 $9,200 1 meter Property Use Example Properties Estimated Assessment - Pay Over 20 Years 1 Restaurant 1 large Restaurant property @ 62,000 sq it lot size $28,700 2 Restaurant 2 Small Restaurant property @ 16,000 sq ft lot size $7,200 3 Restaurant 3 large Restaurant property @ 54,000 sq ft lot size $19,100 4 Restaurant 4 Small Restaurant property @ 13,000 sq ft lot size $7,200 5 Grocery large Grocery with parking @ 150,000 sq ft (multiple lots) $169,800 6 Gas Station Gas Station property @ 19,000 sq ft lot size $7,200 7 laundry laundry property @ 30,000 sq ft (2 lots) $31,100 8 School Primary School Campus @ 470,000 sq ft $81,300 9 Library Library Property @ 120,000 sq ft $28,700 10 Building Supply etc. Building Supply property @ 108,000 sq ft $28,700 11 Building Supply etc. Nursery property @ 17,000 sq ft $7,200 12 Building Supply etc. Lumber property @ 350,000 sq ft (2 lots) $78,900 13 Building Supply etc. Equipment Rental property @ 38,000 sq ft $19,100 14 Vacant Vacant property @ 30,000 sq ft, comm'I on highway $28,700 15 Multiple Units Small Motel (12 units) $7,200 16 Multiple Units Senior Housing Complex (32 units, 4 buildings) $43,100 17 Multiple Units Apartment Complex $86,100 18 Mobile Home Park Mobile Home Park @ 922,000 sq ft (75 units, 2lots) $95,700 19 Business Park Office/Business Park @ 100,000 sq ft $47,800 20 Strip Mall Small Strip Mall/Shopping (3 lots, 3 buildings) $62,200 21 Professional Office Medical/Dental/Vet property @ 8,000 sq ft $7,200 22 Professional Office Medical/Dental/Vet property @ 38,000 sq ft $19,100 23 Auto Works Auto Mechanic property @ 12,000 sq ft $4,800 24 Auto Works Auto Mechanic property @ 44,000 sq ft $16,700 25 Auto Works Auto Mechanic property @ 110,000 sq ft $57,400 26 Residential - Sing Fam Single Family Res @ <15,D00 sq ft (Core RR -5 - UGA-C) $7,200 27 Residential -Sing Fam Single Family Res @ <15,000 sq ft (Core RR -5 - UGA-C) $12,000 28 Residential - Sing Fam Single Family Res @ 72,000 sq ft (Rhody RR -5 - UGA-LDR) $14,400 29 Residential - Sing Fam Single Family Res @ 78,000 sq ft (Core RR -5 - UGA-MDR) $23,900 30 Residential -Sing Fam Single Family Res @ 44,000 sq ft (Rhody RR -5 - UGA-C) $28,700 Additional Grant Toward Common & Shared = $9,000,000 I TT_in_n�ner FRIT ERU's for Connection Charge Estimated Connection Charge Based on existing water meters & water usage 11 $50,600 1 meter 2 $9,200 1 meter 6 $27,600 1 meter 5 $23,000 1 meter 18 $82,800 1 meter 2 $9,200 1 meter 31 $142,600 2 meters 9 $41,400 1 meter 7 $32,200 2 meters 2 $9,200 1 meter 8 $36,800 1 meter 1 $4,600 1 meter 2 $9,200 1 meter to be determined no meter 2 $9,200 1 meter 6 $27,600 4meters 23 $105,800 1 meter 75 $345,000 1 meter 4 $18,400 1 meter 6 $27,600 3 meters 1 $4,600 1 meter 3 $13,800 1 meter 1 $4,600 1 meter 1 $4,600 1 meter 2 $9,200 1 meter 1 $4,600 per sing fam connection 1 $4,600 per sing fam connection 1 $4,600 per sing fam connection 1 $4,600 per sing fam connection 1 $4,600 persing fam connection Questions to be clarified and discussed - For multiple units -will ERU's be assigned per unit? 1 or less than 1 per unit? Connection charge is shown by water usage in this version What will definition of single family and multiple units be -these are good examples above to think about There can always be a different method of calculating connection charges and charging monthly bills What about multiple unit commercial buildings -strip mall, business park, laundry has 2 lots 2 buildings and 2 meters Onsite costs include connecting the building/home to the sewer stub at the property line. The costs will vary by property. Updated Financial Plan for Port Hadlock Wastewater System Page A-6 APPENDIX C.2. Sample Annual Payments on Assessments With an LID, the property owner has the choice to pay the assessment at the beginning with no interest, or over a specified period of years with interest. The annual assessment amount including interest would be added to the property tax statement each year year. The following table provides examples of the annual payments for a variety of assessment amounts. SAMPLE LID ASSESSMENT ASSl1MPTIONS- ANNUAL PAYMENTS 20 PAYMENTS PER YR 1 ANNUAL INTEREST 3.50% EXAMPLES OF SAMPLE ASSESSMENTS & RELATED ANNUAL PAYMENTS ASSESSMENT: $4,800 $7,200 $12,000 $14,400 $28,700 YEAR 1 408 612 1,020 1,224 2,440 YEAR 2 400 599 999 1,199 2,389 YEAR 3 391 587 978 1,174 2,339 YEAR 4 383 574 957 1,148 2,289 YEAR 5 374 562 936 1,123 2,239 YEAR 6 366 549 915 1,098 2,188 YEAR 7 358 536 894 1,073 2,138 YEAR 8 349 524 873 1,048 2,088 YEAR 9 341 511 852 1,022 2,038 YEAR 10 332 499 831 997 1,987 YEAR 11 324 486 810 972 1,937 YEAR 12 316 473 789 947 1,887 YEAR 13 307 461 768 922 1,837 YEAR 14 299 448 747 896 1,787 YEAR 15 290 436 726 871 1,736 YEAR 16 282 423 705 846 1,686 YEAR 17 274 410 684 821 1,636 YEAR 18 265 398 663 796 1,586 YEAR 19 257 385 642 770 1,535 YEAR 20 248 373 621 745 1,485 TOTAL PAYMENTS $6,564 $9,846 $16,410 $19,692 $39,247 CAUTION: This sample has been prepared for discussion purposes only and is not intended to indicate what the actual interest rate or payments will be. The interest rate will be determined by the market when project financing is complete and final. Updated Financial Plan for Port Hadlock Wastewater System Page A-7 APPENDIX D. Short -Lived Asset Replacement Analysis (provided by Tetra Tech) Subject: Estimated 20 -Year Cash Flow Tt source file: 100% Cost Estimate 12-30-2013.ENRadjusted & S Liv Assets & 20yr cash Date: 17 -Jan -14 Assume grinder pumps will be financial responsibility of affected properties - either through surcharge or direct replacement. Updated Financial Plan for Port Hadlock Wastewater System Page A-8 Short Lived Asset Cost by Years 1 to 5 Year 5 to 10 Year 10 to 15 Year Project Component Base Cost % $ % $ % $ COLLECTION SYSTEM PUMP STATIONS Pump Station 1 Pumps $40,000 2% $800 10% $4,000 75% $30,000 Valves $20,000 $- $- 10% $2,000 Instruments, PLC & programming $30,000 2% $600 10% $3,000 75% $22,500 Generator $50,000 2% $1,000 10% $5,000 75% $37,500 Pump Station 2 Pumps $30,000 2% $600 10% $3,000 75% $22,500 Valves $15,000 $- $- 10% $1,500 Instruments, PLC & programming $25,000 2% $500 10% $2,500 75% $18,750 Generator $40,000 2% $800 10% $4,000 75% $30,000 Pump Station 3 Pumps $30,000 2% $600 10% $3,000 75% $22,500 Valves $15,000 $- $- 10% $1,500 Instruments, PLC & programming $25,000 2% $500 10% $2,500 75% $18,750 Generator $40,000 2% $800 10% $4,000 75% $30,000 Pump Station 4 Pumps $30,000 0% $- 2% $600 10% $3,000 Valves $15,000 $- $- $_ Instruments, PLC & programming $25,000 0% $- 2% $500 10% $2,500 Generator $40,000 0% $- 2% $800 10% $4,000 TREATMENT PLANT Influent Pump Station Pumps $50,596 2% $1,012 10% $5,060 75% $37,947 Valves $22,096 $- $- 10% $2,210 Sampler $4,125 2% $83 10% $413 100% $4,125 Instruments $34,090 2% $682 10% $3,409 75% $25,568 Headworks Odor control $67,550 $- 10% $6,755 75% $50,663 Gates $23,200 $- 2% $464 5% $1,160 Screens $300,000 2% $6,000 10% $30,000 75% $225,000 Sampler $6,819 2% $136 10% $682 75% $5,114 Instruments 18,600 2% $372 10% $1,860 75% $13,950 Admin Building furniture $27,304 2% $546 10% $2,730 75% $20,478 HVAC: furnace, fans, heat pump $12,359 2% $247 10% $1,236 75% $9,269 Plumbing fixtures $23,112 $- 5% $1,156 50% $11,556 Lab equipment $59,740 2% $1,195 10% $5,974 75% $44,805 Instruments, PC & programming $72,650 2% $1,453 10% $7,265 75% $54,488 reatment Facility HVAC: furnace, fans, heat pump $17,281 2% $346 10% $1,728 75% $12,961 Plumbing fixtures $5,360 $- 5% $268 50% $2,680 MBR equipment, excluding membranes $1,538,747 1% $15,387 5% $76,937 50% $769,374 Feed forward pumps $9,000 2% $180 10% $900 75% $6,750 Gates $38,000 $- $- 10% $3,800 Monorail hoist & davit cranes $22,800 $- 5% $1,140 50% $11,400 UV equipment $166,000 2% $3,320 10% $16,600 75% $124,500 C3 pumps $58,179 2% $1,164 10% $5,818 75% $43,634 Valves $72,050 $- $- 10% $7,205 Sampler $6,819 2% $136 10% $682 75% $5,114 Chemical system $3,048 2% $61 10% $305 75% $2,286 Instruments PLC & programming $61,820 2% $1,236 10% $6,182 75% $46,365 Site Generator $206,900 2% $4,138 10% $20,690 75% $155,175 TOTAL 01111111111111 $3,398,245 Max interval duration (years) 5 10 15 Year for ERUs 3 8 13 TOTAL $43,894 $231,153 $1,944,575 NNUAL (divide by maximum interval duration) $8,779 $23,115 $129,638 ERUs in midpoint of interval 776 1480 2825 Cost/ERU/ Mo $4.71 $1.30 $ 3.82 Total Cost/ERU/Mo $9.83 otal Cost/ERU/Mo (Rounded) $10 Subject: Estimated 20 -Year Cash Flow Tt source file: 100% Cost Estimate 12-30-2013.ENRadjusted & S Liv Assets & 20yr cash Date: 17 -Jan -14 Assume grinder pumps will be financial responsibility of affected properties - either through surcharge or direct replacement. Updated Financial Plan for Port Hadlock Wastewater System Page A-8 APPENDIX E.I. Annual O&M Costs -20 -Year Plan (provided by Tetra Tech) Jefferson County Port Hadlock Wastewater System Sewer Operating Budget Prepared by Katy Isaksen & Associates _ This version of estimated Sewer Utility operating costs is a combination of Tetra Tech estimates for O&M and sh,maived assets, administration estimates by KI&A based on typical utility costa and V.- based on Jefferson County cost allocation. Versions indude O&M beginning with 1.24 FTEs and building each year as connections and flow increase (would be typical for mritmrting/shared service) OR O&M begins with 2.0 FTE and remains ur til the need to increase (more likely for a G -y department). For discussion purposes, the 2.0 FTE version is compared for the 20 -year Facility Plan ERUs and for Core+ Rhody Only. Both scenarios have the same start-up costs and ERUs and would grew for increased connections/flow and inflation (not shown in this version). Two Scenarios are provided: -20-Year Facility Plan, Rows 131-158 -Care+Rhody, Rows 183-203 NNUAL COSTS - WWTF Power Labor Replace - parts Lab Supplies Chemicals eiosolid, hauling, treatmer¢ and tipping fee Total annual W WTF costs NNUAL COSTS-COLLFCNON SYSTEM Power Labor Grinder Pump Casts supplies CCN & cleaning Total Annual Cdlecdon system costs NNUAL COSTS -TOTAL $17,144 $17,836 $18,599 $19,467 $107,227 $110,921 $114,640 $118,389 $17,404 $17,404 $17,404 $17,404 $10,000 $10,000 $10,000 $10,000 $3,580 $4,100 $4,660 $5,310 $56,61 64422 $73,311 $83,427 $211,966 $220.682 $238,614 $253,996 $609 $710 $1,156 $1,339 $9,180 $9,180 $9,180 $12,240 $2,040 $2,880 $3,720 $4,560 $4,500 $4,500 $4,500 $6,000 Lo i i i $16,329 $17,270 $18,556 $24,139 $228,294 $241,953 $257,170 $278,135 $20,455 $21,579 $22,864 $24,320 $25,977 $28,500 $31,027 $35,137 $38,411 $42,135 $46,338 $46,432 $47,397 $48,390 $49,410 $122,170 $125,988 $129,849 $133,758 $137,723 $141,848 $146,298 $153,218 $157,946 $166,442 $170,559 $174,278 $178,126 $181,983 $185,850 $17,404 $17,404 $17,404 $17,404 $50,404 $50,618 $51,393 $52,276 $53,280 $21,422 $37,722 $37,747 $38,013 $38,348 $56,661 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $6,040 $6,870 $7,820 $8,900 $10,130 $11,520 $13,110 $14,920 $16,980 $19,330 $21,990 $22,040 $22,650 $23,280 $23,920 $94,939 $108,039 $122,947 $139,912 $159,218 $181,188 $2M,189 $234,(A 267 017 $303,862 $304,564 $312,967 $321,W2 $330,475 $339,593 $271,007 $289,880 $310,883 $334,294 $393,451 $423,673 $458,018 $500,191 $543,634 $563,191 $591,173 $603,464 $617,818 $632,476 $665,433 $1,521 $1,704 $1,886 $2,069 $2,251 $2,434 $2,616 $2,799 $2,981 $3,655 $4,166 $4,676 $5,186 $5,697 $6,207 $12,240 $12,240 $12,240 $12,240 $12,240 $12,240 $12,240 $12,240 $12,240 $12,240 $18,360 $18,360 $18,360 $18,360 $18,360 $5,400 $6,240 $7,080 $7,920 $8,760 $9,600 $10,440 $11,280 $12,120 $12,960 $13,800 $14,640 $15,480 $16,320 $17,160 $6,000 $6,000 $4000 $6,000 $6,000 $4000 $6,000 $6,000 $6,000 $6,000 $9,000 $9,000 $9,000 $9,000 $9,Boo ;i0 55,286 55,286 55,286 55,991 55,991 56,872 56,872 57.280 7 280 7 28 57,280 7 zoo $25,161 $31,470 $32,492 $33,515 $35,242 $36,264 $37,287 $39,191 $40,213 $41,728 $52,605 $53,956 $55,306 $56,656 $58,007 $296,168 $321,350 $343,375 $367,808 $428,693 $459,938 $495,305 $539,382 $583,847 $604,919 $643,778 $657,420 $673,124 $689,132 $723,440 $50,458 $52,615 $189,726 $193,763 $90,733 $91,399 $10,000 $10,000 $24,580 $25,940 $348,962 $358,590 $714,459 $]32,30] $9,574,W2 $6,718 $6,718 $18,360 $18,360 $18,000 $18,840 $9,00o $9,000 14CvS 514,048 $66,125 $65,965 $838,475 $780,584 $799,272 $10,413,087 Lahoramount $116,407 $120,101 $123,820 $130,629 $134,410 $138,228 $142,089 $145,998 $149,963 $154,088 $158,538 $165,458 $170,186 $178,682 $188,919 $192,638 $196,486 $200,343 $204,210 $208,086 $212,123 45 Lahorhours(amour¢/$45.WW,hour) 2,587 2,669 2,752 2,903 2,987 3,072 3,158 3,244 3,333 3,424 3,523 3,677 3,782 3,971 4,198 4,281 4,366 4,452 4,538 4,624 4,714 2080 FTEs (2,080 hours per FTE) 1.24 1.28 1.32 1.40 1.44 1.48 1.52 1.56 1.60 1.65 1.69 1.77 1.82 1.91 2.02 2.06 2.10 2.14 2.18 2.22 2.27 This cost estimate has been prepared inconstant year dollars with all else being equal. There area number of factors that can influence the annual costs, including cost escalation, the number, size and type of customers connected, inflation, reserves and many other factors that are beyond the control of the County. It will be important to review the budget every year to be sure the sewer utility fund will be balanced. The impact of inflation can be managed by adjusting monthly rates if the number of new connections is not sufficient to makeup for the inflation. Updated Financial Plan for Pat Had/ock Wastewater System Page A-9 APPENDIX E.2. Annual O&M Costs -20 -Year Plan With Labor = 1.24 FTE vs. 2.0 FTE Y-1 L 1 2 1 3 1 46 6 - 8 9 10 11 12 13 14 10 16 17 18 19 20 21 ERUe 699 681 776 883 1004 1143 1301 1480 1684 1917 2181 2452 2820 3214 3608 3666 3168 ST2 3918 4088 4201 Estimated Annual 0&M Costs FTE =1.24 +g'owth Lobos (salary/wages, bene,, i.d,,..t) $116,500 $121,000 $124,000 $131,000 $135,000 $139,000 $143,000 $146,000 $150,000 $155,000 $159,000 $166,000 $171,000 $179,000 $189,000 $193,000 $197,000 $201,000 $2a5,aao $209,000 $213,009 Powe' $17,800 $18,600 $19,800 $21,900 $22,000 $23,300 $24,800 $26,400 $28,300 $31,000 $33,700 $38,WCt $41,400 $45,800 $50,600 $51,200 $52,600 $54,100 $55,700 $57,200 $59,400 Replacement pasts W P $17,400 $17,500 $17,500 $17,500 $17,500 $17,500 $17,500 $17,500 $51,500 $50,700 $51,400 $52,300 $53,300 $21,500 $37,800 $37,800 $38,100 $38,400 $5(5,700 $90,800 $91,400 Lab Supplies $10,000 $11,000 $10,000 $10,000 $11,000 $11,000 $11,000 $10,000 $11,000 $10,000 $11,000 $11,000 $11,000 $11,000 $11,000 $11,000 $11,000 $11,000 $11,000 $11,000 $10,000 Chemicals $31600 $4,100 $4,700 $5,400 $(5,100 $6900 $7,900 $$900 $11,200 $11,600 $13,200 $15,000 $17,000 $19,400 $22,000 $22,100 $22,700 $23,300 $24,000 $24,(500 $26 Wc) Grtntle' Pump Costs $2,000 $2,900 $3,800 $4,(500 $s,4ao $6300 $7,100 $8,000 $8800 $9,500 $11,500 $11,300 $12,200 $13,000 $13,800 $14,700 $15,500 $16400 $17,200 $18,000 $18,900 Supplies COII System maintenance $4,500 $4,500 $4,500 $(5,000 $6,000 $6,000 $6,000 $6' o $6poo $6,000 $(5,000 $6,000 $6,000 $6,000 $9,000 $9,000 $9,000 $9,000 $9,000 $9,000 $9,000 CCN&Gleaning $0 $0 $0 $0 $0 $5,300 $5,300 $5,300 $(5,000 $(5,000 $(5,000 $(5,900 $(5,900 $(5,900 $7,300 $7,300 $7,300 $7,300 $7,300 $14,100 $14,100 Bio.kdo healing, t..tM tantl tipping fe $5(5,(500 $64,500 $73,400 $83,500 $95,000 $108,100 $123,000 $141,000 $159,300 $181,200 $20(5,20 $234,700 $257,100 $303,900 $304,(500 $313,000 $321,700 $330,500 $339,(500 $349,000 $358,(500 Total Annual 0&M Costs(...... ted) $228,400 $243,100 $257,700 $278,900 $297,000$322,4W $344,(500 $358,100 $429,100 $451,100 $49(5,000 $540,200 $584,900 $(505,500 $644,100 $658,100 $673,900 $690,000 $724,500 $781,700 $800,400 Anneal Percent Incases. 6.4% 6.0% 8.2% 6.5% 8.(5% 6.9% 6.8% 1(5.(5% 7.5% 7.6% '.9% 8.3% 3.5% 6.4% 2.2% 2.4% 2.4% 5.0% 7.9% 2.4% Cost pe' ERU pe' Month $31.78 $29.73 $27.69 $26.33 $24.64 $23.51 $2208 $20.73 $21.23 $20.05 $18.95 $18.14 $17.26 $15.70 $14.67 $14.96 $14.91 $14.85 $15.18 $15.93 $15.88 Atlministration/Billing/State Tax a .admin ssu$28750 msts will increase by yeast 1.0% Billing- Selary/B..... 0.5 FTE $29,000 $29,300 $29,600 $29,900 $30,200 $30,500 $31,800 $31,100 $31,400 $31,700 $32,000 $32,300 $32(500 $32,900 $33,200 $33,500 $33,800 $34,100 $34,400 $34,700 Management & Accounting Mgmt $51,700 $52,200 $52,700 $53,200 $53,700 $54,200 $54,700 $55,200 $55,800 $56,400 $57,000 $57,600 $58,200 $58,800 $59,400 $60,000 $60,600 $61,200 $61,800 $62,400 $(53,000 Gommunicetion/Tra�eVAtivertising $S,Soo $5,500 $5,700 $5,800 $5,900 $6,000 $6100 $6200 $6300 $6400 $6500 $6,500 $6700 $6800 $6900 $7,000 $7,100 $7,200 $7,300 $7,400 $7,500 I......c,(Liability&Psopesty) $30,000 $30,300 $30,(500 $30,900 $31,200 $31,500 $31,800 $32,100 $32,400 $32,700 $33,000 $33,300 $33,(500 $33,900 $34,200 $34,500 $34,800 $35,100 $35,500 $35,900 $36300 State Excise Tax $14,000 $14,100 $14,200 $14,300 $14,400 $14,500 $14,(500 $14,700 $14,800 $14,900 $15,000 $15,200 $15,400 $15,(500 $15,800 $16 GW $16'200 $16,400 $1666 $16 oW $17,000 Intertuntl Ptofe„ranoI Service $50,000 $50,500 $51,000 $51,500 $52,000 $52,500 $53,000 $531500 $54,000 $541500 $551000 $551600 $561200 $561800 $571400 $58,000 $581600 $59,200 $59,800 $(50,400 $61,000 Profs„ional Services/C.... bog $2Ct, 0 $2Ct, 0 $2Ct, 0 $20,(500 $20,800 $21,000 $21,200 $21,400 $24,(500 $21,800 $22,000 $22,200 $22,400 $22(500 $22,800 $23,000 $23,200 $23,400 $231600 $23,800 $24,000 Subtotal Atlministrafion $199,950 $201,900 $203,900 $205,900 $20],900 $209,900 $211,900 $213,900 $21(5,000 $218,100 $220,200 $222,500 $224,800 $22],100 $229,400 $231,]00 $234,000 $23(5,300 $238,700 $241,100 $243,500 Short -Lived Assets $72,000 $81,800 $93,100 $105,900 $120,500 $137,100 $156100 $177,(500 $202,100 $231,000 $2(51,700 $297,900 $339,000 $385,7W $439,000 $441,000 $452,100 $46416W $477,4W $490,(500 $504,100 Build up Emergency Reserve $501aao $5a,aaa $5a,aaa $5o1aaa $501000 $501000 Estimated Operating Budget $551,350 $57(5,800 $614,700 $640,700 $675,400 $719,400 $712,(500 $759,(500 $847,200 $909,200 $977,900 $1,060,600 $1,148,700 $1,218,300 $1,312,500 $1,329,800 $1,3(50,000 $1,390,900 $1,440,(500 $1,513,400 $1,548,000 Gast pe' ERU pe' Month $7(5.58 $70.53 $64.98 $(50.50 $5(5.04 $52.45 $45.66 $42.77 $41.92 $39.53 $37.36 $35.61 $33.89 $31.58 $29.90 $30.22 $30.08 $29.94 $30.18 $30.85 $30.71 Estimated Annual 0&M Costs FTE=2.0 FTE=2.3 Labor (salary/wages, bene....d, act) $187,000 $117,000 $187,000 $1'7,000 $117,000 $187,000 $117,000 $187,000 $187,000 $117,000 $117,000 $187,000 $187,000 $187,000 $21(5,000 $216,000 $216,000 $21(5,000 $216,000 $21(5,000 $216,000 Powe' $17,800 $18,600 $19,800 $20,900 $22,000 $23,300 $24,800 $26'400 $28,300 $31,000 $33,700 $38,000 $41,400 $45,800 $51,6W $51,200 $52,(500 $54,100 $55,700 $57,200 $59,400 Replacement parts WWTP $17,400 $17,500 $17,500 $17,500 $17,500 $17,500 $17,500 $17,500 $51,500 $50,700 $51,400 $52,300 $53,300 $21,500 $37,800 $37,800 $38,100 $38,400 $56700 $90,800 $91,400 Lab Supplies $10,000 $11,000 $11,000 $11,000 $11,000 $11,000 $10,000 $11,000 $11,000 $11,000 $10,000 $10,000 $11,000 $11,000 $10,000 $11,000 $11,000 $10,000 $11,000 $11,000 $10,000 Chemicals $3,6W $4,100 $4,700 $5,400 $6100 $6900 $7,900 $8,900 $11,200 $11,500 $13,200 $15,000 $17,000 $19,400 $22,000 $22,100 $22,700 $23,300 $24,000 $24,600 $2(5,000 Grtntle' Pump Costs $2,000 $2,900 $3,800 $4,600 $5,4ao $6300 $7,100 $8 WG $&Sea $9,600 $10,500 $11,300 $12,200 $13,000 $13,800 $14,700 $15,500 $16400 $17,200 $18,000 $18,900 Supplies COII System maintenance $4,Soo$4,500 $41500 $6,000 $6,000 $6poo $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6poo $6,000 $9,000 $9,000 $9,000 $9,000 $9,000 $9,000 $9,000 CCN&Cleaning $0 $0 $0 $0 $0 $5,300 $5,300 $5,300 $6 WG $6 WD $6 GW $6,900 $6900 $6,900 $7,300 $7,300 $7,300 $7,300 $7,300 $14,100 $14,100 Bio,oldo hauling, treatment antl tipping to $56,(500 $(54,500 $73,400 $83,500 $95,000 $108,100 $123,000 $141,000 $159,300 $181200 $206,200 $234,700 $257,100 $303,900 $304,(500 $313,000 $321,700 $330,500 $339,600 $349,000 $358,(500 T.tal Annual 0&M Coats( ..... z1ated) $298,900 $309,100 $321,700 $334,900 $349,000 $371,400 $388,(500 $409,100 $4(56,100 $493,100 $524,000 $561,200 $(501,900 $613,500 $571,100 $(581,100 $692,900 $705,000 $735,500 $788,700 803,400 $-,- A Annual Percent Increase 3.4% 3.8% 4.4% 4.2% 6.1% 4.9% 5.3% 13.9% 5.8% 6.3% 7.1% 7.1% 2.1% 9.4% 1.5% 1.7% 1.7%4.3% 7.2% 1.9% Cost pe' ERU p' Month $41.59 $37.80 $34.46 $31.62 $28.96 $27.01 $24.90 $23.03 $23.06 $21.44 $20.02 $18.84 $17.73 $15.90 $15.29 $15.48 $15.33 $15.17 $15.41 $16.08 $15.94 Atlministration/Billing/State Tax a ssu will increase by l.0%Peryea' 1.0% Billing-Selery/Benes, 0.5 FTE 5�8�750 $29,000 $29,300 $29,611 $29,900 $31,200 $30,500 $31,800 $31,100 $31,400 $31,700 $32,000 $32,300 $32,(500 $32,900 $33,200 $33,500 $33,800 $34,100 $34,400 $34,700 Management & Accounting Mgmt $51,700 $52,200 $52,700 $53,200 $53,700 $54,200 $54,700 $55,200 $55,800 $56,400 $57,000 $57,600 $58,200 $58,800 $59,400 $(50,000 $6't' $61,200 $(51,800 $61,400 $(53,000 Communi .b../ o-[/Advo,bn9 $5,5W $5,(500 $5,700 $5,Soo $5,900 $6,000 $(5,100 $6200 $6300 $6,400 $6 KC) $(5,(500 $(5,700 $6,800 $6900 $7'CtW $7,100 $7,200 $7,300 $7,400 $7,500 In surance(Liability&Property) $31,000 $30,300 $30,(500 $30,900 $31,200 $31,500 $31,800 $32,100 $32,400 $32,700 $33,000 $33,300 $33,600 $33,900 $34,200 $34,500 $34,800 $35,100 $35,500 $35,900 $36300 State Excise Tax $14,000 $14,100 $14,200 $14,300 $14,400 $14,500 $14,(500 $14,700 $14,800 $14,900 $15,000 $15,200 $15,400 $15,600 $15,800 $1(5,000 $1(5,200 $1(5,400 $1(5,(500 $1(5,800 $17,000 n ff. d Prof.„;anal Service $51,000 $50,500 $51,000 $51,500 $52,000 $52,500 $53,000 $53,500 $54,000 $54,500 $55,000 $55,600 $5(5,200 $5(5,800 $57,400 $58,000 $58,(500 $59,200 $59,800 $(50,400 $(51,000 Profs„ional Service,/Consalfing $20,000 $20,2W $21,400 $20,600 $20,800 $21,000 $21,200 $21,400 $21,600 $21,800 $22,000 $22,200 $22,400 $22,600 $22,800 $23,000 $23,200 $23,400 $23,600 $23,800 $24,000 Subtotal Atlministrafion $199,950 $201,900 $203,900 $205,900 $2aJ,900 $209,900 $211,900 $213,900 $21(5,000 $218,100 $221,200 $222,500 $224,800 $227,100 $229,400 $231,700 $234,000 $236300 $238,700 $241,100 $243,500 ShoR-Lived Assets $72,000 $81,800 $93,100 $105,900 $120,500 $137,100 $15(5,100 $177,(500 $202,100 $231,000 $261,]00 $297,900 $339,000 $385,700 $439,000 $441,000 $452,100 $4(54,(500 $477,400 $490,(500 $504,100 Build up Emergency Reserve $50,000 $51,000 $51,000 $51,000 $50,000 $50,000 $50,000 $51,000 $51,000 $51,000 $50,000 $50,000 $5a,oaa $5o,00a $50,000 $51,000 $51,000 $50,000 $51,000 $50,000 $51,000 EstimatedOperating Budget $(521,850 $(542,800 $667,700 $696,700 $727,400 $717,400 $806,600 $'51,600 $934,200 $991,200 $1,055,900 $1,131,500 $1,214,700 $1,27(5,300 $1,389,500 $1,402,800 $1,429,000 $1,455,900 $1,501,600 $1,570,400 $1,601,000 Cost pe' ERU pe' Month $8(5.39 $78.(50 $71.75 $(55.79 $(50.36 $55.95 $51.6. $47.89 $46.22 $43.09 $40.34 $37.99 $35.84 $33.09 $31.65 $31.88 $31.61 $31.34 $31.45 $3201 $31.76 This estlmoted.per.ting budget reflects.n[Iclpo[ed Increases due t..ddltl.n.l ERU's.ndfl.w. InJl.[l.n is n.tsh. b-- --d th.tgr.wth In ERU's.t13% psi y­wdl.utpoce lnfl.tl.n. M.re Imp.rt.n[lythe reduc[lons In Cast psi ERU.re not directly rOl dto oreduc[l.n In monthly rotes. The annual budget will be revlewedf.r. balanced program each y- with actual 'W"fl.w.nd casts Any surplus funds will beheld In reserve f.rfu[sewer Improvements. Updated Financial Plan for Pat Hadlock Wastewater System Page A-10 APPENDIX E.3. Annual O&M Costs -If Core & Rhody Drive Areas Only IF Core + Rhody Only year S eru If Core+ Rhody Only: Took Tt O&M cost - labor = year 1. ERU's are based on Jeff Co population estimates provided (2010, 2024, 2030). 1 $ 111,900 599 Assume no additional pump stations 14 $ 302,700 1950 20 $ 349,600 2272 + Labor 1950 Am ual Percent Increase Years 1 - 14 1 0.095051 IF Core + Rhody Only (Year) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 ERU 599 656 718 787 861 943 1033 1131 1239 1356 1485 1626 1781 1950 No change in beginning size of WWTP a collection system 0.07956 Labor -FTE =1.24+growth $116,500 $121,000 $124,000 $131,000 $135,000 $139,000 $143,000 $146,000 $150,000 $155,000 $159,000 $166,000 $171,000 $179,000 Other Annual O&M Costs $111,900 $120,803 $130,414 $140,790 $151,991 $164,083 $177,138 $191,231 $206,445 $222,870 $240,601 $259,744 $280,409 $302,718 Total Annual O&M Costs (unescalated) $228,400 $241,803 $254,414 $271,790 $286,991 $303,083 $320,138 $337,231 $356,445 $377,870 $399,601 $425,744 $451,409 $481,718 Annual Percent Change 5.9% 5.2% 6.8% 5.6% 5.6% 5.6% 5.3% 5.7% 6.0% 5.8% 6.5% 6.0% 6.7% Cost per ERU per Month $31.78 $30.72 $29.52 $28.80 $27.77 $26.78 $25.83 $24.85 $23.98 $23.22 $22.42 $21.82 $21.12 $20.58 a FTE= 2.0 $187,000 $187,000 $187,000 $187,000 $187,000 $187,000 $187,000 $187,000 $187,000 $187,000 $187,000 $187,000 $187,000 $187,000 annual O&M Costs $111,900 $120,803 $130,414 $140,790 $151,991 $164,083 $177,138 $191,231 $206,445 $222,870 $240,601 $259,744 $280,409 $302,718 Total Annual O&M Costs(unescalated) $298,900 $307,803 $317,414 $327,790 $338,991 $351,083 $364,138 $378,231 $393,445 $409,870 $427,601 $446,744 $467,409 $489,718 Annual Percent Change 3.0% 3.1% 3.3% 3.4% 3.6% 3.7% 3.9% 4.0% 4.2% 4.3% 4.5% 4.6% 4.8% Cost per ERU per Month $41.58 $39.10 $36.83 $34.73 $32.80 $31.02 $29.38 $27.87 $26.47 $25.18 $23.99 $22.89 $21.87 $20.93 Administration/Billing/State Tax assumecosts will increase by 1.0%peryear 1.0% Billing - Salary/Benes, 0.5 FTE $28,750 $29,000 $29,300 $29,600 $29,900 $30,200 $30,500 $30,800 $31,100 $31,400 $31,700 $32,000 $32,300 $32,600 Management & Accounting Mgmt $51,700 $52,200 $52,700 $53,200 $53,700 $54,200 $54,700 $55,200 $55,800 $56,400 $57,000 $57,600 $58,200 $58,800 Communication/Travel/Advertising $5,500 $5,600 $5,700 $5,800 $5,900 $6,000 $6,100 $6,200 $6,300 $6,400 $6,500 $6,600 $6,700 $6,800 Insurance (Liability & Property) $30,000 $30,300 $30,600 $30,900 $31,200 $31,500 $31,800 $32,100 $32,400 $32,700 $33,000 $33,300 $33,600 $33,900 State Excise Tax $14,000 $14,100 $14,200 $14,300 $14,400 $14,500 $14,600 $14,700 $14,800 $14,900 $15,000 $15,200 $15,400 $15,600 Interfund Professional Service $50,000 $50,500 $51,000 $51,500 $52,000 $52,500 $53,000 $53,500 $54,000 $54,500 $55,000 $55,600 $56,200 $56,800 Professional Services/Consulting $20,000 $20,200 $20,400 $20,600 $20,800 $21,000 $21,200 $21,400 $21,600 $21,800 $22,000 $22,200 $22,400 $22,600 Subtotal Administration $199,950 $201,900 $203,900 $205,900 $207,900 $209,900 $211,900 $213,900 $216,000 $218,100 $220,200 $222,500 $224,800 $227,100 Short -Lived Assets $72,000 $81,800 $93,100 $105,900 $120,500 $137,100 $156,100 $177,600 $202,100 $230,000 $261,700 $297,900 $339,000 $385,700 Build up Emergency Reserve $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 Estimated Operating Budget $620,850 $641,503 ' $664,414 $689,590' $717,391 " $748,083 $782,138 $819,731 $861,545 " $907,970 $959,501 $1,017,144 $1,081,209$1,152,5181 Cost per ERU per Month $86.39 $78.44 $71.39 $65.11 $59.53 $54.55 $50.11 $46.15 $42.63 $39.48 $36.66 $34.15 $31.90 $29.88 Estimated Operating Budget - Escalated at 3.0% per Year - 2.0 FTE per Year Operating Budget (Escalated @ 3.0%/yr) $620,850 $660,700 $684,300 $710,300 $738,900 $770,500 $805,600 $844,300 $887,400 $935,200 $988,300 $1,047,700 $1,113,600 $1,187,100 Cost per ERU per Month $86.39 $80.79 $73.53 $67.07 $61.31 $56.18 $51.62 $47.54 $43.91 $40.66 $37.76 $35.17 $32.85 $30.78 The reductions in Cost per ERU are not directly related to a reduction in monthly rates. The annual budget will be reviewed for a balanced program each year with actual ERU's, flow and costs. Any surplus funds will be held in reserve for fut sewer improvements. Updated Financial Plan for Pat Hadlock Wastewater System Page A-11 APPENDIX F. Estimated Sewer Program and Monthly Rate Per ERU Port Hadlock Sewer Program per ERU Sewer System O&M $42.00 Administration/Billing/State Tax $28.00 Short -Lived Assets $10.00 Emergency Reserve $7.00 Estimated Monthly Rate per ERU $87.00 Port Hadlock Sewer Monthly Rate $87.00 per ERU per ma $7.00,8% $10.00, 12u $42.00, 48% 0 Sewer System O&M ■ Administration/Billing/ State Tax Short -Lived Assets ■ Emergency Reserve $28.00, 32% Updated Financial Plan for Port Hadlock Wastewater System Page A-12 APPENDIX G. Estimated PWTF Debt Payments This appendix estimates the annual payment for the existing $10 million PWTF loan. Alt. 2 shows that the County has drawn $1.7 million through 2014 as match to the EPA grant for design of the WWTF facilities and 10% design of the collection system. Jefferson County Port Hadlock Wastewater System Prepared by Katy Isaksen & Associates DRAFT 5/27/15 Jeff Co used $1.7M of $10M loan thru 2014, remainder for construction beginning 2015 NOTE - Whether the remainder is borrowed in 2015 or 2016, the accrued interest changes but the principal & interest payments beginning 2018 are the same. DRAW = Assume 20% loan agreement; 25% notice to proceed; 25% when 35% of loan amount spent; 25% when 60% loan amount spent; 5% closeout. Payments due June 1. Updated Financial Plan for Port Hadlock Wastewater System Page A-13 PWTF 1: #PC12-951-052 YEAR PWTF LOAN PRINCIPAL $10,000,000 REPAYMENT INTEREST 0.50% ANNUAL CAPITAL EXP. OVER 20 YEARS Balance Est. DRAW 2012 2013 0 0 1,676,155 1,676,155 2014 0 0 1,676,155 0 2015 0 0 9,876,155 8,200,000 2016 0 0 10,000,000 123,845 2017 166,142 166,142 10,000,000 0 2018 344,828 50,000 394,828 9,655,172 2019 344,828 48,276 393,103 9,310,345 2020 344,828 46,552 391,379 8,965,517 2021 344,828 44,828 389,655 8,620,690 2022 344,828 43,103 387,931 8,275,862 2023 344,828 41,379 386,207 7,931,034 2024 344,828 39,655 384,483 7,586,207 2025 344,828 37,931 382,759 7,241,379 2026 344,828 36,207 381,034 6,896,552 2027 344,828 34,483 379,310 6,551,724 2028 344,828 32,759 377,586 6,206,897 2029 344,828 31,034 375,862 5,862,069 2030 344,828 29,310 374,138 5,517,241 2031 344,828 27,586 372,414 5,172,414 2032 344,828 25,862 370,690 4,827,586 2033 344,828 24,138 368,966 4,482, 759 2034 344,828 22,414 367,241 4,137,931 2035 344,828 20,690 365,517 3,793,103 2036 344,828 18,966 363,793 3,448,276 2037 344,828 17,241 362,069 3,103,448 2038 344,828 15,517 360,345 2,758,621 2039 344,828 13,793 358,621 2,413, 793 2040 344,828 12,069 356,897 2,068,966 2041 344,828 10,345 355,172 1,724,138 2042 344,828 8,621 353,448 1,379,310 2043 344,828 6,897 351,724 1,034,483 2044 344,828 5,172 350,000 689,655 2045 344,828 3,448 348,276 344,828 2046 344,828 1,724 346,552 0 Total 10,000,000 916,142 10,916,142 10,000,000 Updated Financial Plan for Port Hadlock Wastewater System Page A-13 Updated Financial Plan for Port Hadlock Wastewater System Page A-14 ALT 2: JEFF CO DRAWS $1.7M THRU 2014 YEAR PWTF LOAN PRINCIPAL $1,676,155 REPAYMENT INTEREST 0.50% ANNUAL CAPITAL EXP. OVER 20 YEARS Balance Est. DRAW 2012 2013 0 0 1,676,155 1,676,155 2014 0 0 1,676,155 0 2015 0 0 1,676,155 0 2016 0 0 1,676,155 2017 41,904 41,904 1,676,155 2018 57,798 8,381 66,179 1,618,357 2019 57,798 8,092 65,890 1,560,558 2020 57,798 7,803 65,601 1,502,760 2021 57,798 7,514 65,312 1,444,961 2022 57,798 7,225 65,023 1,387,163 2023 57,798 6,936 64,734 1,329,364 2024 57,798 6,647 64,445 1,271,566 2025 57,798 6,358 64,156 1,213,767 2026 57,798 6,069 63,867 1,155,969 2027 57,798 5,780 63,578 1,098,171 2028 57,798 5,491 63,289 1,040,372 2029 57,798 5,202 63,000 982,574 2030 57,798 4,913 62,711 924,775 2031 57,798 4,624 62,422 866,977 2032 57,798 4,335 62,133 809,178 2033 57,798 4,046 61,844 751,380 2034 57,798 3,757 61,555 693,581 2035 57,798 3,468 61,266 635,783 2036 57,798 3,179 60,977 577,984 2037 57,798 2,890 60,688 520,186 2038 57,798 2,601 60,399 462,388 2039 57,798 2,312 60,110 404,589 2040 57,798 2,023 59,821 346,791 2041 57,798 1,734 59,532 288,992 2042 57,798 1,445 59,243 231,194 2043 57,798 1,156 58,954 173,395 2044 57,798 867 58,665 115,597 2045 57,798 578 58,376 57,798 2046 57,798 289 58,087 0 Total 1,676,155 167, 6161, 843, 771 1,676,155 Updated Financial Plan for Port Hadlock Wastewater System Page A-14 Updated Financial Plan for Port Hadlock Wastewater System Page A-15 COMPARE DEBT PAYMENTS BY ALT: Estimated Annual Debt Payments YEAR Full Loan, $10,000,000, at 0.50% Partial Loan, $1,676,155 at 0.50% 2012 2013 0 0 2014 0 0 2015 0 0 2016 0 0 2017 166,142 41,904 2018 394,828 66,179 2019 393,103 65,890 2020 391,379 65,601 2021 389,655 65,312 2022 387,931 65,023 2023 386,207 64,734 2024 384,483 64,445 2025 382,759 64,156 2026 381,034 63,867 2027 379,310 63,578 2028 377,586 63,289 2029 375,862 63,000 2030 374,138 62,711 2031 372,414 62,422 2032 370,690 62,133 2033 368,966 61,844 2034 367,241 61,555 2035 365,517 61,266 2036 363,793 60,977 2037 362,069 60,688 2038 360,345 60,399 2039 358,621 60,110 2040 356,897 59,821 2041 355,172 59,532 2042 353,448 59,243 2043 351,724 58,954 2044 350,000 58,665 2045 348,276 58,376 2046 346,552 58,087 Total 10,916,142 1,843,771 Updated Financial Plan for Port Hadlock Wastewater System Page A-15 APPENDIX H.1. Estimated 20 -Year Outlook for Initial Area (Core+ Rhody Drive) -Program Funding $10 Million Grants, $20.7 Million Loans, and $11 Million in Additional State/Federal Appropriations (Total Additional Grants= $21 Million) J erson County Port Hatllock Wastewater Sy- P­­ by Katy Isaksen& Associates CASH FLOW PROJECTION -THIS TEST DEMONS' M1ial C.1-0-System=Gore&E-yD areas,P Debt service far PWTF #1 at $10M estimated straight Iii Gons[ruclign_General 28000006 Ass. mes f.Wre stg mge&UV($782,000)Is not be funded In Nelnl0al cgsls Construction: Local 19 000 000 Gons[ruction_ Onsite 2.760660 YEAR Construction 1 2 3 d 5 6 ] Intiial Area: Core • Rh.dy Drive ERU's G.nnectetl 59H 858 718 ]8] 861 943 1033 New FRU 's 599 57 62 69 1 82 90 This Scenario: LID FOR COLLECTION SYSTEM. BORROW FROM PROGRAM S WITH GRANTS $10M. ADD FEDERAUSTATE APPROPRIATION S$11M Ggns[ructign_ Gmnt(General) Gco y $5,666,666 construction_ C-1 L-1) UShRD 35,668666 Feder­WApp.pria (Gem A) $4,666,066 Fed -State Apprgpiatron(Local) $7,668666 C --t- _ Loan PWfF#1 .0 M, 30 yrs@05% $8,366,666 Cgnstruction:L., (GenerallConn) Ecology, 26 yrs@08% $2,709000 Gons[ruction_Lgan(LgcallLID) USDARD, 36 yrs@28% $7,660,666 Construction:Loan(Inkial 0IT-11L USDARD, 30 yrs@28% $2,766,666 cgnr .,charges $1,600 wl$7M gmnt 2,755,4 262,266 285,200 317,466 340,466 377,266 414,006 450,860 490,800 538,266 593,466 848,660 713,000 77],466 236,666 239,266 243,866 248,406 257,666 282260 DD Assessments $O1 M over 3) Yrs@28% 347,964 347964 M7,I8 347964 347964 347,984 347,964 347,964 347,964 347964 347964 347,984 347,964 347,964 347,984 347,964 347964 341,964 347,964 Si de Sewer Reimbursement Sewer Rates $27M aver 30 yrs@28% $87 oer month 134,215 134,215 134,215 134,215 134,215 134,215 134,215 134,215 134,215 134,215 134,215 134,215 134,215 134,215 134,215 134,215 134,215 134,215 134,215 625.356 EGG, 6 749.592 821628 898.884 984492 1878452 1.186.]64 1293516 1,415,664 1556.340 169]544 1,859,364 2,035,806 2680066 2.142288 2.197620 2253.996 2,312,460 2371968 TOTAL SEWER REVENUE $41,780,000 3,380,]56 1,455,092 1,540,81] 1,643,888 1,]43,]42 1,866,713 1,991,326 2,133,211 2,290,017 2,465,889 2,862,612 2,873,251 3,110,221 3,WS%5 2,883,983 2,957,735 3,628,514 3,108,881 3,180,494 3,25],1]5 SEWER EXPENSE 11Maintenance no escalatio 1, increase by ERUs 298,900 381,803 317,414 327,]80 338,991 351,883 364,138 318,231 393,445 408,8]6 42],801 446,]44 46],489 489,718 584,410 519,542 535,128 551,182 567,717 584,]49 BillinglSt TaNAdminls[ration increase by 1%Nr 199959 261,950 293969 206,009 288,859 210,149 212,251 214,373 216,517 216,682 228,16 223078 225,389 227,562 229,837 232,135 234,457 236,802 239 170 241,561 PVVSF 1, $1 OM, 30yr, Syr defenal Ecology, $6.7M, 2P,USDARD, $151M, 30yr USDARD, $27M, 30y1 Subtotal Debt Repaymer Phase II Treatment I encs TOTAL SEWER ER EXP E%PENSI NET OPERATING 11 - SEWER ENDING BALANCE REPLACEMENT RESERVE ISH EMERGENCY/REPLACEMENT Updated Financial Plan for Pat Had/ock Wastewater System Page A-16 APPENDIX H.2. Estimated 20 -Year Outlook for Initial Area (Core+ Rhody Drive) -No LID, $21 Million in Additional State/Federal Appropriations, Existing PWTF Loan $8.3 Million) and $10.8 Million General Obligation Bonds (Total Additional Grants = $21 Million) Jefferson County Poet H.dI.k Wastewater System Constructron: Grant(General) P-gy SO Construct.,: Grant(Local) US -RD $0 I-- tate APpropdatmn(General) $8,000,x,0 Federa05tate Appmpdation(Lgcal) $12,000,660 Construction_ Loan PWTF#1 $83M, 3D yes@0.5% $8308000 Cons[mction_ Loan( Gen I/Conn) Eco logy, 2D yes@0.8% $0 Gonstmction_ Loan(L.-VLID) USD RD, 3D yes@28% $0 Ggnstruction_Loanllnkial 0nSRILUSDARD,3Dyes@28% $0 Gonstmctian_ GOBg Less$16M LID cost 10,809,990 Gonnectan GM1arges 58,5x, wl$21M grant 5,091,599 484,509 52],000 586,599 629,699 697,559 765,000 833,099 918,699 994,599 1,096,500 1,1 H$500 1,317,500 1,436,500 425,000 442,000 450,500 459,000 4]6,999 484,500 DD Assessments $6_i M over 3D yrs@28% - - - - - - - - - - - - - - - - - - - SMeSewerReimbursement $27M over 30 yrs@28% Sewer Rates esl Earned on Balance £B7 per month 10% 625,356 684,864 ]15 821,628 898884 984,492 1,978452 1,180,]64 1,293,516 1,415,664 1,550,346 1,697,544 1,859,364 2,035860 2,088099 2,142,288 2,197,620 2,253,996 2,312,460 2,371968 49210 43]]1 39252 35895 3358] 24848 25326 2]368 31251 36999 44.9]2 55339 6838] 84302 90,629 9]5]6 10.5069 113,119 121832 TOTAL SEWER REVENUE SEWER EXPEN SE $40,100,909 5,]16,855 1218,5]4 1320,353 1441380 1563,]19 1]15,0]9 1868,3x, 2,039,999 2,238884 2,441415 2,683,830 2,941816 3,232,194 3,540,687 2,597,392 2,6]4,917 2,]45,696 2,818,065 2,9 ,15 2,9]8,399 Operations&Maintenance 13,11 g/StTa4Administradon Replacement Fund 1,- lived assets) Reserve Fund(emergencylexpansion) no scalatign, increase increa se by 1% Flat Flat by END, 18,01 361,893 317,414 11,71 31,11 351,113 364,138 3]8231 13,15 11,871 42],691 446,]44 461,499 419,118 51,410 519,542 53511 551,11 56],717 14,- 84,]49Billing/St /y, 199,956 201,959 203,969 206,x,9 268,069 210,149 212,251 214,373 216,517 218682 220,869 223,0]8 225,399 22],562 229,83] 232.136 234,457 236,802 239,170 241,561 12,0x, 72,x,9 1,099 ]20x, 72,x,9 12999 1,099 ]2,0x, 72,099 72,x,9 1,x,0 1,099 72,0x, 72,099 72,069 12,x,9 1,099 ]2,0x, ]20x, 72,099 50,099 50,x,0 50,x,9 50,999 50,x,0 590x, 50,x,9 50,000 50,x,9 50,000 50,099 50,x,9 50,099 50,x,9 50,x,0 59,000 50,000 50,000 50,000 50,x,0 Subtotal Operatinq De R- PWTF1,$1DM, 30yr,Syrdeferral D5D% estimated 620,859 631]52 13,383 655,]98 669,960 683,233 698389 714,61 731962 ]59552 ]]0,470 791,821 814,717 839280 B56247 873,678 891585 999984 928887 948310 175,9991 394,828 393,103 3913]9 389,655 387,931 386,20] 384,483 382,759 381034 379,310 3]],586 375,862 374,138 3]2,414 3]0,699 368,966 35],241 355,517 363,793 Ecology,$6-7M, 2yr 880% - - - - - - - - - - - - - - - - - - - USID A-RD,$15.1 M, 3GYr 280% - - - - - - - - - - - - - - - - - - - USD RD, $2 3G, 280% - - - - - - - - - - - - - - - - - - - GOBonds:$135M,25yr Subtotal Oeb[Repayment Ph -11 Treatmentlmprgvements 460% 3-0av stg raoeUV3 ]35857 735857 735857 735857 735857 735857 735857 735857 ]35857 735857 735857 735857 ]35857 735857 ]35857 735857 735857 ]35857 ]35857 175x,9 1,130,684 1128,960 1,127,235 1,125,512 1,123,]88 1,122,064 1,120,349 1,118,615 1,116,891 1,115,167 1,1IS- 1,111,719 1,108995 1,108,271 1,196,547 1,11,822 1,10.3898 1,191,374 1898659 782.0x, TOTAL SEWER EXPENSE ]95850 1,]82,43] 1,]],343 r 1,783,034 r 1,]94,5]2 2,588021 8 1,829,452 r 1,834944 r 1,850,578 8 1861443 r 1,885638 r 1,905,21 r 382,435 r 1848275 r 1,91,51B r 1,980,224 r 1,998408 r ,18082 r 2.930,261 r 2,941960 NET OPERATING INCOME 4,921006 (543,863) (451989) (335,655) (23,]93) (873,941) 47,847 21,146 388306 573971 798,193 1035,]52 1395758 1,591,413 632,784 694,693 ]49289 81,983 871,318 93,346 SEWER ENDING BALANCE REPLACEMENT RESERVE SHORT-LIVED EMERGENCYIREPLACEMENT RESERVE ASSETS) 4,921,006 4,377,143 3,925,164 3,589,509 3,358,716 2,484,775 2,532,622 2,136,169 3,125,015 3,699,046 4,497,239 5,532,991 6,838,]48 8,430,161 9,062,945 9,757,639 10,506,927 11,311,911 12,183,229 13,113,569 72,000 144,x,0 216,000 288,000 360,000 432,000 504,000 576,000 648,000 720,000 792,000 864,000 936,000 1,008,000 1,080,000 1,1528x, 1,224,000 1,296,11DD 1,368,000 1,440,000 50,x,0 100,x,0 150,000 200,000 2aUDD0 300,000 350,000 400,000 450,000 500,000 550,000 600,000 650,000 700,000 750,Dx, 800,x,0 85080 900,x,0 951ED00 1,000,000 Updated Financial Plan for Pat Hed/a:k Wastewater System Page A-17 Updated Financial Plan for Pat Had/ock Wastewater System Page A-18 APPENDIX J.1. Recent Contractor Costs for On -Site Installations; Mason County Belfair Area L=Flk� TETRA TEC H TELEPHONE CONVERSATION RECORD (USE FOR BOTH INCOMING & OUTGOING CALLS) Job No. 135-12562-13001 CONVERSATION INITIATED BY DATE HOUR Kevin Dour 912412015 4:30pm PERSON CALLED OR RECEIVING CALL TELEPHONE NO. EXTENSION Ron Griffey, Zephyr Construction 360-275-2861 PURPOSE Of REFERENCE Referred to me by Carrie at Mason County (360-427-9670 Ext_ 283 SUMMARY OF POINTS DISCUSSED AND CONCLUSIONS REACHED Ron's company has done sewer service connections on private property in the Belfair area (both gravity and grinder pump installations); both residential and commercial_ I contacted Ron to get information on actual installation costs. Ron provided me the following: • For existing properties, costs are variable depending upon the location of the structure, difficulty accessing the building drain, and variability on siteland restoration_ • Gravity Sewer Connections: o Residential connections are $2,000 - $3;000/property (4 -inch from house to 6 -inch stubeut in RM). o Included in that price is decommissioning the existing septic tank which would be $350 - $400 to pump and another 5350 - $40D to fill_ o Commercial Gravity connections are about $2004300 more; on average due to 6 -inch line and sometimes longer distance from building to stubout_ • Pressure Sewer Connections: o Residential systems are about $8,000/property. E -One Pump System (Cost of system is $3,700-53,800), electrical connection is about $400. Rest of cost is labor, installation of 1- 134 -inch pressure line_ • Commercial systems are more expensive ($20,000/site on average) due to bigger duplex grinder pump system. Updated Financial Plan for Port Hadlock Wastewater System Page A-19 APPENDIX J.2. Recent Contractor Costs for On -Site Installations; Sacheen Lake Water & Sewer District James A. Sewell&As cio — eon 4th street west Hew port, WA 99156 504447-3624 Project Wasocw .er Colfectio-n and treatment Prayers 2013 Owner: Sac—rr LL,e Wr r & Sewer District Date: 5126j2913 EnSine s Suhj: Bid Tahulationfw5cheduleC Estimda Item Description quantity Unit Unit Cart Extareed 173,800.00 S 50,000.00 $ Mmhiimtimn and Menngement $ 35,000.00 $ 34,000.00 S 5,000.00 $ 5,000.00 1 Mmhiliaatimn 1 LS_ $ 20D,003.00 $ 2OOOM n 2 Stormwater& Erosion Canitrnl & Maint,en « 1 LS_ $ 50,1700.00 $ 50.000.00 3 Trench Safety System 1 LS_ $ 10,000.00 $ 10.000.00 4 Traffic Cantro-1 1 IS. $ 15,004.00 $ 15.000.00 S 36,000.90 $ Se ices S 20,000.OD $ 217,000.00 S 11,441.00 $ 1IA41LOO 5 125" HDPE kmime Sdua, -/Curb Stop and Check V2F- 41 Ea. $ 825.00 $ 31825.00 6 Pump Station lnstallati—.15e 5-m— Li—, Contrd Panel,amd Functional Testing 270 Ez $ 4,500.00 $ 1,215,000.00 7 Exisdal; System Connection, Abandonment&Siete Refi:ahifitmi_ 2713 E: $ LOOO 00 $ 270.000.00 a Sept." Pumping and Disposal 1250= G.I. $ 0.40 $ 50,000.00 9 Cedar Creek Resort Pump Stadon[nsAbtiain w}Pressurc Semi. line 1 LS. $ 27,500.017 $ 27.500.00 10 Old Sachem Lake Resort Installation wj Pressure Service Line 1 LS_ $ 135,000.00 $ 15,000.00 11 Rock Exovatimn 2..900 C.T. $ 50.017 $ 145,00000 12 1.S' HDPE Pressure Main,. Single Pipeline Trends 7,006 LF. $ 21.50 $ 150,029.00 13 2'HDPE Pressure Main,Single Pipeline Trench 879 LF. $ 22.50 $ 19,777,50 TOTAL OF BASE BID ITEMS Saks Ta TOTAL OF BASE BID MEMS indudiig Saks Tax S X201,73Y.50 7.61391 $ 167,33159 $ X.3459,063.09 5&LUndergmung Unit Cart E—ded Unhwmeks H.orthwest Unit Cast Exrxreded S 200,000.00 S 2110,000.00 $ 177:800.00 $ 173,800.00 S 50,000.00 $ 50,000.00 $ 35,000.00 $ 34,000.00 S 5,000.00 $ 5,000.00 S 10.000.00 $ 10.000.00 S 10,000.00 $ 10,ODD DD S 10,004.04 $ 10,000.00 S 1,000.00 $ 31,000.00 S 400.00 $ 345,900.00 S 4,3470.110 $ 1,163,000,00 $ 5,100.00 $ 1,377,000.00 S 11000.00 $ 270,000.00 S 1,188.00 $ 3211,760.00 S 0.30 $ 37,500.00 S 0.35 $ 43,750.00 S 35,000.00 $ 35,000.00 S 36,000.90 $ 36.000.00 S 20,000.OD $ 217,000.00 S 11,441.00 $ 1IA41LOO S 50.00 $ 145,DOD.00 $ 5000 $ 145,00000 S 20.00 $ 149,1217.00 S 22.90 $ IK13L D S 2200 $ 19,338.00 5 23.00 $ 20.217.00 2,133,95809 $ X379,009.09 $ 162,180:91 $ 180,80300 $ 2,296,138.81 $ 2,559,403_00 Updated Financial Plan for Port Hadlock Wastewater System Page A-20