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• Input on prioritization criteria. <br /> Deliverables <br /> • Agenda and minutes for the two workshops under this task <br /> • Draft Chapter 7—Capital Improvement Plan <br /> • CIP Database <br /> Assumptions <br /> • For budgeting purposes, one hundred (100) capital improvement projects are assumed to <br /> be developed with up to two hundred total alternatives. <br /> • Cost estimates will be based on current market factors, as well as recent City specific <br /> construction bids and industry standards, and are Class 5 per AACE International <br /> Recommended Practice No. 56R-08 with an anticipated accuracy range of+100%to -50%. <br /> • Operation and maintenance costs will be qualitative and relative based on high, medium, <br /> and low O&M investment and cost. <br /> • Up to four(4) Murraysmith staff will attend the Prioritization Workshop, which will be two <br /> (2) hours in duration. This workshop is assumed to be virtual. <br /> • Overlapping underground utility CIPs will be limited to those currently available and be <br /> used in CIP prioritization. <br /> • Up to four (4) Murraysmith staff will attend the Final CIP Workshop, which will be two (4) <br /> hours in duration. This workshop is assumed to be virtual. <br /> Task 12 — Financial Strategy <br /> Objective <br /> Perform a financial analysis to fit the Capital Improvement Plan (CIP) — including the Water <br /> Pollution Control Facility (WPCF), the Port Gardner Storage Facility (PGSF), and collection system <br /> —within the constraints of the funding generated from the current rate ordinance. <br /> Work Tasks <br /> 12.1 Revenue Requirement Financial Plan <br /> Overlay the CIP onto the available funding resulting from the City's multi-year rate ordinance. Scale <br /> the forecast period to align with the multi-year rate ordinance or the CIP, whichever is longer. <br /> City of Everett MURRAYSMITH 2023 Comprehensive Sewer Plan <br /> March 2021 21 <br />