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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