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16.3 City Responsibilities <br /> 1. Work with HDR team to evaluate alternatives and select CIP projects. <br /> 2. Provide input on the implementation of the previous water system plan's CIP. <br /> 3. Provide previously work completed by City on cast iron pipes needing replacement/redundancy. <br /> 4. Help to select project prioritization criteria. <br /> 5. Provide recent City water project bid tabulations to be used in developing the cost estimating <br /> tool. <br /> 16.4 Assumptions <br /> 1. CIP project costs will be a Class 5 Opinion of Probable Construction Cost(OPCC) for <br /> conceptual alternatives and will have a range of accuracy based upon AACE International <br /> Recommended Practice No. 18R-97, Class 5, 0-to 2- percent project definition, +100%to-50% <br /> Range of Accuracy. <br /> 16.5 Deliverables <br /> 1. Chapter for CWP covering the Capital Improvement Plan. <br /> Task 17 Financial Plan <br /> 17.1 Objective <br /> To prepare a financial plan and rate impact analysis for the 2020 Comprehensive Water Plan to <br /> coordinate and provide the level of funding needed for the identified capital improvements and <br /> projected operating and maintenance expenses over the next ten year period. <br /> 17.2 HDR Services <br /> The financial program will be included in the Comprehensive Plan document as follows: <br /> 1. Past and Present Financial Condition—Document and summarize the water utility financial <br /> performance for the past five years. Review the water utility revenues, expenses, and cash flow <br /> from 2014 through 2018. <br /> 2. Available Revenue Sources— Document available sources of revenue and funding for both <br /> capital and operational costs. Describe past approaches and/or policies that establish City <br /> funding methods. Anticipated revenue sources include state and federal grants and loans, City <br /> and wholesale customer user charges, connection charges, and revenue bonds. <br /> 3. Provide Financial Parameters— Determine the water revenue requirement to adequately fund <br /> operational expenses and prudently plan for capital related projects identified in the CIP. <br /> Summarize the expenses and capital costs for the years 2020 through 2029. <br /> 4. Capital Financing Alternatives—Identify capital financing alternatives for a strategy incorporating <br /> rates, reserves, development fees, connection charges, and debt financing. Identify and <br /> Everett Comprehensive Water Plan June 12, 2019 <br /> Exhibit A—Scope of Services Page 27 of 30 <br />