The Stitch Master Plan Appendices 1&2

Order of Magnitude Costs The order of magnitude cost estimates are provided in the table below. As described above, estimates are provided only for the Mid-term operational period and the Long- term operational period to coincide with the Stitch’s planned phased approach.

Long-term Operational Period (Phase 1, 2, and 3 complete)

Mid-term Operational Period (Phase 1 complete)

Total Rough Order Magnitude Cost ($) $

3,911,000

$

6,558,000

Cost Breakdown by Category

Operations Staff

$ $ $ $ $

2,080,000

$ $ $ $ $

2,912,000

Inspections

272,000 561,000

559,000

Routine Maintenance

1,109,000

Other (Repairs & Upgrades)

78,000

529,000

Electrical Power

920,000

1,450,000

Note: All values rounded to nearest thousand dollars.

BOND FINANCING PARAMETERS

Assumptions

Interest rate (annual)

7.50%

Debt service coverage ratio

1.3

Start Year

2029

Period (Years)

30

Debt Service Reserve Account requirement

10%

Max DSRA (as of % of Average Annual Debt Service)

125%

Cost of issuance - fixed

$1,250,000

Cost of issuance - variable

0.50%

Max cost of issuance

$1,500,000

Source: ADID

K-43

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