City of Lake Stevens 1/31/2020 - Laserfiche WebLink

EXHIBIT C Cost Sharing-Replacement and Relocation of Everett Transmission Lines Due to Extension of 91st Ave SE by Lake Stevens TL2 TL3 TL4 Total Background Data: Capital Cost Estimate(2020 dollars) $ 302,000 $ 302,000 $ 302,000 $ 906,000 Pipe Material Concrete Steel Concrete Date of Original Construction 1993 1936 1960 Age in 2020(Yrs) 27 84 60 Tentative agreement:share cost based on remaining life of transmission lines(TLs). Everett Analysis of Cost Share: Assumed Total Useful Life(Yrs) 100 100 100 Remaining Useful Life(Yrs) 73 16 40 Everett Cost Share: Present Value of Construction $ 302,000 $ 302,000 $ 302,000 $ 906,000 Remaining Useful Life 73 16 40 Present Value-Everett Cost Share $ 81,540 $ 253,680 $ 181,200 $ 516,420 Everett%of Total 27% 84% 60% 57% Present Value-Lake Stevens Cost Share $ 220,460 $ 48,320 $ 120,800 $ 389,580 Lake Stevens%of Total 73% 16% 40% 43% Reconciliation $ 302,000 $ 302,000 $ 302,000 $ 906,000 Lochner/Murraysmith Design Contract,Supplement 3 • All Tasks of the Supplment 3 Murraysmith(transmission line subconsultant)scope of work fees(since they pertain directly to the Transmission Line portion of the work)are eligible for cost share per the percentages indicated above. • Task 2(Tasks 2.1 through 2.3)of the Lochner Supplement 3 Scope of Work fees(pertain to the Transmission Line relocation design)are eligible for cost share per the percentages indicated above. • Task 3 and Task 4 of the Lochner Supplement 3 Scope of Work fees(pertain to roadway design)are NOT eligible for cost share. • Task 1 and Task 5 of the Lochner Supplement 3 Scope of Work fees pertain to both transmission line and roadway work. 10%of the total of the Task 1 and Task 5 fees pertain to transmission line work and are eligible for cost share. Example: Everett cost share = 0.10*0.57*Task 1 and Task 5 Lochner fees