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Parkville Water District <br />May 11, 2010 <br />Page 4 of 5 <br />Agenda Item 14c <br />HDPE pipe. To minimize disturbance the pipeline will follow an existing abandoned power-line <br />easement. The pipeline will end at a connection to an existing District pipeline that extends from <br />Evans Gulch Reservoir to the treatment plant. Water from this Project can be delivered either <br />directly to the treatment plant or to storage in Evans Gulch Reservoir. The cost estimate for <br />Alternative No. 1 is $2,520,000. <br />Alternative No. 2- Canterbury Pump Station and Use of Existing Wet Well and Pipeline. This <br />Alternative is similar to Alternative No. 1 with the exception that water will be delivered via a <br />1,800 ft long 12-inch diameter pipeline to the historic portal of the Canterbury Tunnel. The District <br />has an existing wet well at this location where the water was historically captured by the District <br />and delivered to its distribution system. This option does not allow flow through the upper zones of <br />the distribution system and is more expensive. The cost estimate for Alternative No. 2 is <br />$2,820,000. <br />Engineering and construction component costs for the selected alternative are estimated as follows: <br />Pump & Well $ 1,381,000 <br />Powerline $ 86,000 <br />Pipeline $ 881,000 <br />Engineering Fees 172 000 <br />TOTALS $ 2,520,000 <br />Final design is expected to be complete in the summer of 2010 and construction is projected is to <br />occur in the falUwinter of 2010. <br />Financial Analysis <br />Table 1 shows a summary of the financial aspects of the loan request. The District is considered a <br />Low-Income Municipal borrower and therefore will receive an interest rate of 4.0% for a 30-year <br />term (Financial Policy #7). <br />Table 1. Project Financial Summary <br />PROJECT/LOAN <br />Pro'ect Cost $2,520,000 <br />CWCB Loan $1,820,000 <br />CWCB Loan Includin 1% Service Fee) $1,838,000 <br />CWCB Annual Loan Pa ent $106,300 <br />CWCB Loan Obli ation (includin 10% debt reserve fundin $116,900 <br />Pro'ect Cost er Acre-Foot 1,086 AF recovered) $2,320/AF <br />Number of Ta s 2,336 <br />Debt Service er Ta er month $4.17/mo. <br />