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' PROPOSED PROJECT SUMMARY <br />FOR INDIAN RIVER COUNTY <br />GIfFORD 14ATER DISTRIBUTION EXTENSION <br />JOB NO. 5675B <br />OCTOBER 13, 1978 <br />I. TOTAL PROJECT COST <br />A. Construction $ 444,000 <br />Contingency @ 6% 27,000 <br />TOTAL $ 471,000 <br />B. Technical Services (Total 13%, Basic, <br />Residential Inspection, Additional Services) 61,650 <br />C. Legal & Administration 1 1/4% 7,000 <br />D. Interest During Construction 7,000 <br />E. Capitalized Interest - i year 7,000 <br />TOTAL PROJECT COST $ 553,650 <br />II. COST SHARING <br />A. Potential Connections = 375 <br />Assume 80% Connections = 300 <br />B. Rate Schedule $7.10 1st 2000 Gal <br />1.50/1000 gal -over 2000 gal <br />Average Consumption @ 3500 gal/mth <br />Average Rate: $9.35/month <br />C. Therefore: Income @ $9.35/mth (12) (300) _ $33,660/yr. <br />Less 10% Reserve = 3,500/yr. <br />Less 0&M @ $4.50/mth/conn. = 16,200/yr. <br />$13 960/yr for Loan <br />$13,960/0.05928 (5% 38 yr.) _ $235,492 Loan - <br />D. Total Project Cost - $553,650 <br />Loan- 235,492 <br />Grant 318,158 <br />3 <br />OV 15.1978 <br />r <br />E <br />r <br />WL <br />Am 'ham <br />I <br />