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11 <br /> 4. Connection Charges — Update Connection Charges potentially applicable to new <br /> development consistent with statute (RCW 35.92.025). Evaluate the financial impacts of <br /> imposing these charges. The CIP will designate projects as "replacement" or "expansion", <br /> or provide an allocation between those categories, for use in the connection charge <br /> update. <br /> 5. Rate Forecast and Rate Impacts — Develop a rate forecast which incorporates the capital <br /> and operating requirements identified in the plan. A six-year forecast will estimate annual <br /> rate increases required. For each year, estimate revenues and expenses. <br /> 6. Rate Structure and Conservation — Summarize the City's water rate structure and <br /> document a qualitative review. The review will focus on potential equity concerns or water <br /> conservation opportunities that might be addressed through rate structure revisions. <br /> 7. Recommended Financial Strategy— Document a recommended financial strategy <br /> addressing funding sources, basic financial policies, rates and charges. <br /> 14.3 Client Responsibilities <br /> 1. Provide financial, budgeting, rate and customer reports. <br /> 14.4 Assumptions <br /> 1. The tasks above assume that FCS Group will participate in three (3) on-site meetings as <br /> part of this effort. <br /> 2. Up to three capital financing alternatives will be evaluated. <br /> 3. FCS Group previously developed a cash flow model and a cost-of-service analysis for the <br /> City. The financial analysis will make use of these existing models. <br /> 4. FCS Group will be responsible for QA/QC of the technical aspects of the financial plan as <br /> documented in the above listed tasks. HDR will be responsible for integration of the <br /> financial chapter into the CWP. <br /> 14.5 Deliverables <br /> 1. E-mailed Word document and spreadsheet files of the draft financial plan Chapter 11. <br /> 2. E-mailed Word document and spreadsheet files of final financial plan Chapter 11. <br /> 15.0 Task 15 — Final CWP Assembly <br /> 15.1 HDR Services <br /> 1. Prepare an Executive Summary of the plan to be included at the front of the plan <br /> document. <br /> 2. Assemble the final chapters and supporting memoranda into the final CWP and <br /> appendices document. The document will be assembled into two loose-leaf, three-ring <br /> binders with dividers. <br /> 3. Detailed system information judged to be important to system vulnerability will not be <br /> included in the final CWP. <br /> 4. Provide the following deliverables to the City: <br /> • Copy ready original paper copy of document <br /> Everett Comprehensive Water Plan April 15,2005 <br /> Exhibit A—Scope of Services 1 1 5 Page 20 of 21 <br />