Skyridge Joint Water Project Estimated of Probable Project Cost

Line ItemEstimated Cost
Construction Subtotal$5,603,000
Contingency (15%)$955,000
Inflation (3% per year to 2023)$520,000
Subtotal$7,300,000
Estimated Engineering, Legal Administrative (25%)$1,900,000
Total (2023 dollars)$9,200,000

Skyridge Joint Water Project Estimated of Probable Project Cost

SKYRIDGE JOINT WATER PROJECT

Project Financing and User Cost Estimates

DescriptionProject TotalsJoint Project Manlius Joint Project Sullivan
Total Estimated Capital Project Cost (2023 Dollars)$9,200,000
Equivalent Bond Amount$6,909,091$2,290,909
Assumed (DASNY) Grant $2,000,000 N/A
Subtotal$4,909,091 $2,290,909
Assumed WIIA GRANT (60% of cost)$2,945,455$1,375,000
Total Estimated Capital Project Cost$2,879,545
Annualized Project Cost (50% Rule)*$101,538
Number of EDUs126.5
Capital Debt per EDU (50% Rule)$803
Estimated Annual OCWA Water Bill$391
Total Annual Cost Per EDU (cost to typical property)$1,194
*Assumes 2.2%, 30 year DWSRF financing for the Town of Manlius and 2.125%, 38 year USDA Rural. Development financing for the Town of Sullivan.  Cost per EDU would be equalized between the two towns.

(T) Sullivan/(T) Manlius Joint Water Project

User Connection Costs