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The approximats value of the existing tank, then, is: <br />RCN —133,000 X $2.25 <br />Depreciation (straight line) 29/54 X $299,200 <br />Estimateci RCNI.D <br />Altemate Approach: <br />RCN <br />Assume insulated with 75/yr life, <br />Depreciation = 29/75 X $293,000 <br />Less approximate cost of insulation <br />Estimated RCNLD <br />$299,040 <br />- 173 <br />E� . i �Ti <br />$299,OQ0 <br />-$115,000 <br />_�5Q.000 <br />$134.000 <br />The above represents the estimate of value for cflnstrucctian of the tank. To this shouid be <br />added approxima#ely '{ 5% for planning, design and construction phase services. <br />It is our opinion tt�at a reasonable approx�mate valuatian for t1�e <br />tank is <br />Commen#ary <br />_! �f� <br />� The above valuation does no# include: <br />�1. The value of the site <br />�3. The value of iniet-outlet pipeiines connecting the tank to the system ar other <br />improvements which are part of the system's water starage component. <br />� <br />Recommendation <br />� it is rec�mmended that the Dis#rict consider {probably) repairing and insulating the existing tank. <br />This should provide customers with wamne� water in the winter, pre�ent further structural <br />damage from interior ice; and reduce exteriar freeze thaw spalling. <br />e red by: <br />���l,,,l�drG. �--• <br />Ronald C. Mc ughlin .E. 8� L.S. <br />P:IPROJEC7'SUiRS 07-18�7•18�83 Swa� Nesi1RCM Memo ta PBoddie re Storage TaMc.doc <br />