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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Project Contingency <br /> <br />The base costs are using current 1977 construction costs. <br />The contingency fund depends on when the project will be built, <br />inflation, and unknowns still existing in the design, must be <br />considered in the final budget allocations. It is anticipated <br />the total project could be constructed in one (1) calendar year <br />provided funding could be mads available. <br /> <br />Estimated 1977 construction <br /> <br />20% contingency includin~ water rights <br /> <br />Sub-total: <br /> <br />Engineering, Survey, Inspection, <br />Administration <br /> <br />Total: <br /> <br />$662,571 <br />132,514 <br />$795,085 <br /> <br />218,646 <br /> <br />$1,013,731 <br /> <br />Project inflation of construction has been at the rate of <br />over 6% per year. A five (5) year cost project due to inflation <br />would be as follows: <br /> <br />Year <br /> <br />Project Costs (6% inflation) <br /> <br />INCREASE <br /> <br />1977 <br />1978 <br />1979 <br />1980 <br />1981 <br /> <br />$1,013,731 <br />$1,074,554 <br />$1,139,027 <br />$1,207,368 <br />$1,278,811 <br /> <br />The applicant is not financially strong enough to build the <br />total project without the assistance of several 100% GRANTS. <br /> <br />31 <br /> <br />Based on the period of September 1976 to September 1977 the <br />Operation and Maintenance Budget was about $9,272.00 for repair <br />work on the system, monthly operator's fee of $50jmonth and a <br />billing clerk for $50jmonth. Past maintenance was nearly always <br />donated time, per the Council discussions of the system. <br /> <br />~ <br /> <br />~ <br /> <br />~ <br /> <br />30 <br /> <br />'" <br />