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8•A-Ib <br />Kennedy/Jenks Consultants <br />Memorandum <br />Peter Ingram, City of Redwood City <br />21 February 2003 <br />Page 5 <br />Compared to the "Base -Case Scenario" for Alternative D, Alternative E would <br />1. cost an additional $6.8 million (in current dollars), or 18.5% more <br />2. require an additional $500,000 in annual debt service payments to cover additional financing <br />requirements <br />3. require additional rate increases in the first several years of project implementation to fund <br />the higher debt service requirements <br />These conclusions are reflected and discussed further in the February 2003 Redwood City <br />Water Financing Plan (Bartle Wells Associates). The Water Financing Plan recommends a <br />financing strategy and necessary water rate adjustments to fund the Redwood City recycled <br />water project and should be considered a companion document to this memorandum. <br />Enclosures: (1) <br />Figure 1 — Landscape Irrigation Sensitivity Levels in Redwood Shores HOAs <br />(2) <br />Figure 2 — Projected Water Supply Deficit Envelop vs. Recycled Water <br />Supply Alternatives Over Time <br />(3) <br />Figure 3 — System Schematic of Alternative D <br />(4) <br />Figure 4 — System Schematic of Alternative E <br />NOTE: The following additional enclosures provide supplementary information in <br />support of this memorandum and are available upon request from the Redwood <br />City Department of Public Works Services. <br />(5) <br />Market Assessment Summary for Redwood Shores <br />(6) <br />Market Assessment Summary for the Greater Bayfront Area <br />(7) <br />Market Assessment Summary for Central Redwood City <br />(8) <br />Engineer's Estimate of Probable Cost, Alternative D <br />(9) <br />Engineers Estimate of Probable Cost, Alternative E <br />P bwpg12002.2053900 rev M p m "9W"lo W'02053902 n Xm d &nhemnMindM memo W -eEh WE <br />