PROJ00204 App Letter - Laserfiche WebLink

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. . . based on the $35.2 million cost estimate. Seven million of the $9.6 million was authorized from the Perpetual Base Account of the Severance Tax Trust Fund. . Proiect UDdate Unexpected delays in bidding, a new 10,000-foot long tunnel and the fact that earlier cost estimates did not take into account construction difficulties in environmentally sensitive areas have all resulted in a substantial increase in costs in the last two years. The final cost is now estimated at $55,360,000 as summarized in Table 1. Table 1. Plateau Creek Pipeline Cost Summary Planning and permitting $2,500,000 Design engineering 2,300,000 Easements and rights of way 150,000 Phase I pipeline construction 2,720,000 Other costs 225,000 Sub-total to date $7,895,000 Phase II pipeline construction (bid amount) 44,200,000 Phase II engineering, inspection and other costs 3,265,000 Total estimated project cost $55,360,000 The first phase of the project involved 1.5 miles of pipeline and was completed in May 1999. The second and final phase consists of about 13 miles of pipeline and two long tunnels. Project completion is scheduled for October of2001. To date, the District has spent about $7.9 million for planning, permitting, engineering, rights of way and easements and construction. Remaining project costs are estimated at $47.5 million. . The following information was. for the most oart. oresented in the staffs memos to the Board ofMav and November 1998. The Sources of Funding and Financial Summary sections have been uodated based on .jnformation recently orovided bv the District. The Discussion and Recommendation sections have been revised to address the new funding request. Proiect Sponsor The District service area encompasses about 240 square miles in the Grand Junction metropolitan area with the exception of about seven square miles served by the City of Grand Junction and several smaller communities. Table 2 gives some selected characteristics of the District. . 2