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HomeMy WebLinkAboutCouncil Workshop Minutes 06.27.2006 MINUTES COUNCIL WORKSHOP JUNE 27, 2006 6:30 P.M. COUNCIL CHAMBERS A Council Workshop was held in the Council Chambers and called to order by Mayor Ken Olson at 6:30 p.m. on June 27, 2006. COUNCIL MEMBERS PRESENT: x Dick Fritzler x Kate Hart _x_ Gay Easton Jennifer Johnson _x_ Doug Poehls _x_ Mark Mace _x_ Chuck Dickerson _x_ Norm Stamper OTHERS PRESENT: Mary Embleton Perry Asher Larry McCann Sam Painter Steve Klotz Jared Schoch, Johnson Controls Public Input {three-minute limit): Citizens may address the Council regarding any item of City business not on the agenda. The duration for an individual speaking under Public Input is limited to three minutes. While all comments are welcome, the Ctntncil will not take action on any item not on the agenda. · None Public Utilities Denartment: * Johnson Controls: Report on results at the halfway point. A letter from Jared Schoch, Johnson Controls, was distributed to the council, and a copy is attached to these minutes. Jared Schoch reported that Johnson Controls (JCI) is at the half-way point of developing the project to upgrade the city's water meter system, add automated mater reading, and make energy efficiencies throughout city facilities. After JCI tested twenty water meters, it was estimated that 5 to 7 percent of unaccounted for water savings could be generated from replacing water meters. However, a sample of 1 O0 to 150 meters is needed in order to determine the actual unaccounted for water savings that could be generated from this project. JCl typically sees 7 to 9 percent inefficiency for water fi.om systems like Laurel's system. Information regarding the finance payback project for 8, 10, and 12-year scenarios was included in the letter. At this point, the department heads are comfortable with an 8 to 10-year project, rather than a 12-year project, based on the financial situation of the City of Laurel. Since JCI did not find enough savings in the inaccuracy of the meters, they looked at other potential savings streams including: utilizing additional savings from unbilled city water use; in parks, utilizing additional savings fi.om reallocating full-time employees; adding a one-time capital contribution to buy down the project; an annual contribution; and other scenarios poss~le to make this project work. The worst case scenario is that 60 to70 percent of the project gets funded by itself and the city would have to potentially fund the remaining 30 to 40 percent. JCI thought it was prudent and respous~le to report these findings based on the 20 meters instead of doing it two months fi'om now when the entire budget for developing this project has been spent. Council Workshop Minutes of June 27, 2006 Larry McCann prefers that the project does not extend out moro than ten years. The only way to do that is with an annual contribution of $80,000 per year or a one-time contribution of $650,000. The $80,000 per year contribution would allow the city to do some important projects, including the Main Street water line and the Eighth Avenue lines. Larry prefers the ten-year payback, as shown in Option 2, 1 O-Year Payhack, Scenario A of the information, because it will self-fund itself for ten years and JCI guarantees the self-funding. Mary stated that the Water Fund has substantial debt right now, and it would be prudent not to incur any more debt if possible. Debts will start being paid offin 2017, so a ten-year payback on this project would fit very neatly in with that. The recent rate increases put the Water Fund in a good cash position and moderate increases are needed in the future. Right now, the city has money to do some projects. In a meeting with Jared recently, Mary asked what would happen if the city had a one-time cash infusion at the beginning of project. The value of money at the beginning ora project has a greater impact on what is carried over for the rest of the project. Whether the city does a one-time cash infusion or dedicates money every year for the next ten years, either way will help the project and guarantee its success. Mary would like to see this through and thinks that the city would reap great benefits from it. Mayor Olson stated that, on the proposed project, the savings the city would realize on a monthly basis is from 60 to 70 percent, based on the fact that JCI found a 5 to 7 percent error on the meters. Jared stated that information regarding the figures of the guaranteed savings that JCI will control over a ten-year term will be presented to the council in a month or so. Mayor Olson mentioned that the city will have a current expense of about $90,000 at the end of this part of the project. If the council elects not to go forward with it, that would be out-of-pocket expense. If the council decides to continue with the program, the $90,000 would be incorporated into the life of the project and be paid back by the mount of savings realized. Jared stated that about half of the money has already been spent. JCl wanted to make sure the council is comfortable with the findings and the situation presented and that $90,000 is included in the capital upfront costs of this project. If the city moves forward, it is ail paid for. If the city decides to opt out, the $90,000 has to be paid for JCI's time and services. Mayor Olson thanked Jared for his presentation. · Sewer trunk line re-bid Larry explained that the sewer trunk line project to replace the main lines from the city to the plant was bid last year. The bids came in too high, and the city is ready to go to re-bid on the project. Larry asked Morrison-Maierle to cut the project in half. Larry thinks the bids are going to come in substantially higher than they did last year. Right now, based on flows down there, the city would drop offthe Lindy Lane sewer main. That po~ion of the project will have to be done in the future. Because the project is being re-bid, an amendment to the contract with Morrison-Maierle for the engineering services to go out for re- bid will be needed. Last fall, the project was $400,000 over the pre-Katrina estimate. Motrison-Maierle's engineer is putting together a new estimate. Pipe coats have skyrocketed, and twenty feet of pipe cost $532 recently. The city needs to move ahead with at least a phase of the project. The design is good for three years by the State of Montana, so when this phase is done, the city can apply for more grants to do the second phase. Council Workshop Minutes of June 27, 2006 The contractors intend to bid the project, but hoped they would have more working room. Lindy Lane road is a 20-foot wide easement that actually belongs to NorthWestern Energy and the contractors will have to do an alley operation in that road. That drove that cost pretty high and is why the city opted to put it in as an alternate bid. The work should begin in October when the ditches are shut off. · Authorization to bid: West Main Street water main The city is ready to bid the Main Street water main project. The design is good for three years fi:om the Department of Environmental Quality. One occupancy permit with the State of Montana Department of Transportation will have to be redone. The Department of Transportation will probably not repave Main Street until 2008. The schedule has changed recently, and the city has delayed the project until closer to when MDT will repave the street. Discussion regarding Eighth Avenue and MDT's programmed projects. Eighth Avenue is one of the highway department's programmed projects. MDT was going to do Main Street with maintenance money for this district bemuse it is a mill and overlay. Now they are going to try to run it through a programmed project to get it done. If that does not work, they will do it with district funds. Steve explained that the city is jointly involved in that project with the curb, gutter, and sidewalk, and MDT will do the street resurfacing. In the grant application for urban routes for preventive maintenance, the city nominated everything up to Eighth Avenue, as everything fi:om Third to Eighth Avenues qualifies for preventive maintenance. The state and the city are trying to split the savings that comes from the federal government so we will realize a huge savings if we wait. Staff's recommendation on the West Main project fi:om Third to Eighth Avenues is to do an SID for sidewalks similar to that done with the East First Street project. The delay until 2008 would allow time to prepare the SID. There was no SID on the First to Third Avenue project, as federal money was received through the Urban Pilot Program grant to complete a streetscape project. Mayor Olson mentioned that the Montana Depashnent of Transportation will have their district meeting in Red Lodge on Thursday. On the way to Red Lodge, the board will drive through Laurel to view Eighth Avenue and will pass through the proposed bypass area for 212 South. ARer the end of the meeting, they will allow a half hour for elected officials' comments. Mayor Olson will attend fi.om 10:00 to 10:30 and will inquire regarding the Main Street and Eighth Avenue projects. Administrative Assistant: · Resolution - Approval for installation of dedicated T-1 line for video arraignment Perry explained the resolution for a contract with Vision Net to install a dedicated T-1 line for the court video arraignment system. The annual costs would be $6,146.16. Perry stated that the fee allows the city access to one of Vision Net's lines that is already in the ground, and the $313.25 hookup fee is small because it is just a matter of hooking up. The resolution will be on the council agenda on July 5*. · Report on the East First Street project Steve Klotz reported that the paving and the majority of the curb, gutter, and sidewalk are done on East First Street. Some tree removal, tree planting, installation of the signs, a small amount of curb, gutter, and Council Workshop Minutes of June 27, 2006 sidewalk work, and the striping of the streets needs to be completed. The project should be completed within three weeks. · 2006-2007 Preliminary Budget - Enterprise Funds Steve distributed information to provide history of the Solid Waste Fund, and a copy is attached to these minutes. The rote increase for commercial businesses went into effect last year. The total revenues includes collection of commercial and residential fees for the route truck, hauling containers, fees collected at the transfer site, and interest on cash. We are barely gaining on revenues, which is typical since the city limits are not increasing and we do not have a lot of new customers and businesses to increase the revenue base for the collection. With the 20 percent increase in revenues in 2005-2006, sixteen (16) percent resulted fi'om the increased commercial collection fees. That should continue because of the step program on the fee schedule. The program was based on assigning the volumetric rate to the costs that customers pay for the removal of solid waste. The motivation was to hold businesses accountable for the waste in order to reduce what is put in the landfill and to make the system a little more efficient. Some recycling opportunities were offered to motivate businesses. There has been a two percent reduction in costs for what the city puts in the landfill. The expenditures line in the information broke out the capital to show expenditures for O&M. The twelve percent increase this year can be accounted to fuel costs and $15,000 for an accident with the route truck, for which the city is reimbursed. There is $120,000 in the budget for a new route truck, but it is still undecided as to whether to wait another year to make that type of capital expenditure. In 2005, revenues were about 30 percent commercial and 70 percent residential. That has since changed to 40 percent commercial and 60 percent residential because of the commercial rate increase. Mary mentioned that the revenues projected for the Solid Waste Fund are $586,100 and the expenditures are estimated at $728,000. The gap will be filled by cash reserves. Lan-y explained that an addition at the water plant is included in the capital. Proper restroom, kitchen, meeting mom, and office facilities are needed. The amount in the budget is $165,000. Fencing for the property is part of Homeland Security and is needed. Replacement of filters is another concern. The filters have worked really well, but they have not been touched since it was built in 1958. It will cost $400,000 to rebuild the filters. In the water system, $75,000 has been budgeted for a shop building and additional money will be budgeted in the sewer system budget. One building will provide a place to store the equipment, including trucks and specialized equipment. The money for Johnson Controls to finish the automated meter reading system is in the budget if the city decides not to continue with the project. The city has submitted a grant application for $1 million, $750,000 from CDBG and the balance from DNRC, for the first phase of rebuilding the sewer plant. The first phase takes care of some of the issues that need to be addressed. If the grant is received, the process of rebuilding the headworks and addressing a hydraulic problem in the clear wells will proceed. The lawn mower at the sewer plant needs to be replaced. The sewer system would share the cost for the shop building with the water system. A video camera for $56,000 has been budgeted under machinery and equipment. Instead of continuing to budget $15,000 annually for video work, the city would have its own video camera~ The city's sewer system would be videotaped once to build a database. Then as sewer problems arise, videos would be available to the insurance company to detemfine whether or not the city has maintained the system. Purchase ora new jet redder is included for $280,000. The jet redder is used on a regular rotation on a monthly basis. The 4 Council Workshop Minutes of June 27, 2006 budgets for the lift stations were not changed at all. Rebuilding of the lift stations would be included in the second phase of the grant, iftbe grant is received. The lift stations are 25 and 35 years old. Information on rate increases will be presented at a future meeting. Executive review: · Appointment: CC Planning Board - Ed Thumer to a two-year term ending June 30, 2008 Mayor Olson removed the appointment from the council agenda until further notice. This is the council's appointment and suggestions could be made. · Resolution - Two-year contract for city attorney legal services with Elk River Law Office Separation of the civil and prosecution duties will continue. Mayor Olson stated that we are trying to have Sam present at the staffmeetings and for two to three hours after that. There is an increase in the contract. The resolution will be on the council agenda on July 5a~. · Policy Discussion: Personal use of City vehicles by City employees Doug stated that he is not opposed to the way the policy is w,k~en. Chuck asked regarding vehicles that leave the city limits and are driven into Billings to get home and to get hack to work Mayor Olson explained that the practice is called "domicile to duty". He made some calls to other entities and talked to Commissioner Kennedy. The county public works department heads have a vehicle. Billings does not have city vehicles, but they have a vehicle allotment. Tiaa Volek receives a $400/month allotment for transportation. In contacting other cities, Mayor Olson was informed that they wish they had more vehicles available. If vehicles are not available, the city is obligated to give the depa~hnent head a stipend of a vehicle allowance. In regard to "domicile to duty", Mayor Olson stated that it has been proven from the people he contacted that it would be cheaper to give them a vehicle than to give a vehicle allowance. In the case of an employee who is on call 24/7 and to be respons~le to have a vehicle to use for city business, Mayor Olson believes it is an advantage to the city. Laurel is not outside of the realm of norm but is about in the middle. Perry is a contractual employee and his contract requires that he lives in the city limits. Akhough Mayor Olson would prefer that department heads lived in the city limits, there is no law that states they have to live within the city limits. Yet the city still has to provide the opportunity for them to respond to emergency situations. Chuck asked if more would be gained from having a stipend than the depreciation on the vehicles. Mayor Olson stated that one of the senior clerk-treasurers in the state indicted that they would be money ahead if they had more vehicles and did not have to give out the stipend. Chuck asked regarding liability, in light of the letter received from the clerk-tressurer regarding insurance issues. Council Workshop Minutes of June 27, 2006 Mayor Olson stated that the vehicles are covered if they are going to and ~om work. They are not allowed to use the vehicle for personal uses. If they decide to go outside the norm and have an accident, he would find it very difficult to make that an insured incident. The city's policy is strict. Kate stated that vehicles need to be provided to employees that are required to be on call and available to the public outside of regular business hours. The way it is stated, we are not going to see a city vehicle at a ball game. They are to be driven to and fi'om work and for a meeting somewhere. She thinks that the verbiage covers the city in that. Doug suggested that if employees are given a vehicle allowance, the city would have no control over what they drive and how it is maintained. If there is a company vehicle, there is some recourse for requirements. He would rather have a company vehicle. Norm has no problem with the vehicle. The city already owns the vehicle and is paying the cost to maintain it and provide some additional fuel. He receives mileage for his job, and he can easily see that paying for that would cost more than what the city is going to pay for fuel in the existing vehicle. One concern would be if the administrative assistant required a new vehicle, and Norm suggested that such requests should come before the council. There was discussion regarding the verbiage in the administrative assistant's contract. The contract states that the city would provide a vehicle "so long as a City vehicle ' ' " ~s available. Any changes in the contract require council ratification. Doug stated that the contract said the vehicle "may be used to transport Employee to and from home as well as for some other limited private use. City shall withhold income taxes for all use of the vehicle that constitutes a benefit to the Employee under Montana law." He asked the attorney whether that statement would cover the city in the case of an accident during personal use. Sam answered that the analysis would be whether the administrator was in the scope of his job and duties when the accident occurred. There is really nothing in the contract that the attorney could write that would prohi~oit the employee bom personal use or to make the insurance company cover him for personal use. The city has policies regarding city vehicles that apply equally to l%ny regardless of his contract. The "some other limited private use" language comes from the possibility that a city employee could attend training in Bozeman might stop at Wal-Mart on the way home. That would be a limited personal purpose, but it is really not business. Insurance coverage is going to be a cut and dried analysis of the insurance coverage with the scope of duties. Resolution No. R06-67: A resolution authorizing the Mayor to execute a revised contract for the Administrative Assistant to the Mayor position between the City of Laurel and Perry Asher. (Postponed at council on June 20, 2006) Perry wanted definitive language in the contract regarding attendance at ICMA Conferences, which is located in San Antonio, Texas, this year. Review of draft council agenda for Wednesday~ July 5~ 2006 · Public Hearing: Resolution No. R06-__: A resolution to adopt an official Schedule of Fees and Charges for the City of Laurel repealing all previous resolutions that set fees or charges that conflict with the schedule attached hereto. · Public Hearing - July 5th: Conditional use permit application - Wal-Mart 6 Council Workshop Minutes of June 27, 2006 The CRy-County Planning Board appointment will be removed from the council agenda. Announcements Dick and Norm met with Commissioner Kennedy today regarding the proposed Veterans' Cemetery. The idea for the Yellowstone County Veterans' Cemetery is to get up to one mill levy on the ballot this fall to finance the project. A one mill levy would produce about $220,000 to the county, who could maintain the cemetery with that amount. Norm mentioned that groundbreaking could happen in a year, if the mill levy is approved. Mayor Olson thanked Dick, Norm, and the committee for their work on this issue. Mayor Oison mentioned that the fire department has planned a fireworks display that is larger than any previous displays. Proper notice regarding the fireworks has been published. Mayor Oison informed the council ora citizen's request to review the dog ordinances because of an attack by a dog that has also attacked other people. There was discussion regarding review of the current dog ordinance. The City of Billings has a "one-bite role" for dogs. Laurel has a liberal ordinance that allows a dog to attack three times before it is deemed a vicious dog. Mayor Olson asked that the Emergency Services Committee review the issue, and Sam will assist with this critical issue. Attendance at the July 5th council meetln~ All present will attend. Other items None The council workshop adjourned at 7:52 p.m. Respectfully submitted, Cindy Allen Council Secretary NOTE: This meeting is open to the public. This meeting is for information and discussion of the Council for the listed workshop agenda items. 7 Jti;tHNSON CONTROLS Johnson Controls, Inc. 10289 W. Centennial Rd. Littleton, CO 80127 Tel: 303-932-3768 Fax: 303-979-6847 www.lohnso ncontrols.com June 15, 2006 Perry Asher, Mary Embleton, and Larry McCann City of Laurel 115 West First Street PO Box 10 Laurel, MT 59044 Dear Perry, Mary and Larry, Following is a summary of our status in the development of a performance contracting program for the City of Laurel. At this time, we look for direction from the City to allow us to move forward into detailed development based on the preliminary economics that the potential project has demonstrated so far. Per our meeting this past Monday, June 12, we are at the half-way point of developing a project to upgrade the City's water meter system, add automated meter reading and make energy efficiencies throughout City facilities. Before we move forward, we want to make sure that the City is comfortable accepting what the estimated worst case economics of this project could be once we complete development. The reason we are asking for direction now is to be judicious with the City's funds as part of the development agreement and to make sure the City is clearly aware of the vadous economic scenarios that could play out once development is complete. Facilities Energy Efficiencies The energy efficiency improvements we found throughout your facility self-fund within 10-12 years. Based on reviewing this information with Steve KIotz and then again with Perry and Mary, we have been given positive direction to move forward with these projects. We will move forward once we gain similar feedback on the water meter upgrade as well. Water Meter Upgrades The unaccounted for water savings that we could generate from replacing City water meters is estimated to be 5 - 7 percent. This estimation is based on a sample of 20 water meters tested. Until we pull more than 100 meters, we won't have a large enough sample to determine the actual unaccounted for water savings we could generate from this project. We typically see between 7 - 9 percent unaccounted for water from an aging meter system like that in Laurel. The difference in these perCentages is enough to create a project that funds itself from unaccounted for water savings versus not funding. It is important to note that our unaccounted for water savings are based on the 20 meter sample, If this sample is not representative of the entire meter population, we may be far greater results during detailed development. JCl is comfortable guaranteeing the accuracy of water meter upgrade projects like this for up to 15 years. We have found that water meters work very effectively up to this point and then slowly begin to lose accuracy from years 16 - 20 before finally needing replacement between years 20 - 25. However, we know there are mixed opinions and comfort levels within the City related to committing to a project for more than 10 - 12 years total financed payback. Based on this input, we put together our preliminary analysis portion of development utilizing the 10-12 year payback criteria. Using this criteria, we determined the water meter accuracy gain savings generated are not enough to fund this project based on what the 20 meter sample provides us. As a result, we t~ave quantified other savings streams that are additional benefits to the City as part of this project including operations, maintenance, billing errors and annual meter replacement savings that - when combined with the meter accuracy savings - total roughly $120,000 in annual savings. We have provided various scenarios to the City to help make the economics of this project work including: 1.) Utilizing additional savings from unbilled City water use, 2.) Utilizing additional savings from reallocating an FTE from meter reading, or 3.) Adding a one time capital contribution to this project, or 4.) Adding an annual capital contribution to this project. Depending on [he scenario selected, the savings we have found for this project can pay for 60 - 100% of this project in 10 - 12 years without the need for FTE savings or capital contribution. Bottom Line In a time when inflation on raw materials is rising rapidly, federal, state and local budgets continue to shrink, financing interest rates continue to rise and there are more capital projects to implement than there are funds to pay for them, JCl views getting the majority of a project paid for through savings as a real win for municipalities. In the worst case scenario, the City would receive 60 - 70 cents on every dollar spent to fund this project which is a real win for almost any project in today's business climate. The alternative path we discussed the City could use is paying for the material for the meter and AMR project over 4 years and implementing it with its own FTE labor force over that time. The material would cost the City roughly $400,000 - $600,000 and would consume a large percent of the City water meter team's time over the next four years. Based on funding challenges and other priorities that arise, it is pessible the project would never get Completely finished. If the City would contribute those funds to buy down this project today or over four years as part of the performance contracting project, JCl could implement this project under economic terms that could easily exceed the 10-12 year payback criteria targeted. Either way our team looks at it, the economics are more favorable to implement this project utilizing a performance contracting project method. Finally, we must stress to the City that the economics we put together are based on a sample of 20 meters during our preliminary analysis. We have put together what we believe are the worst case scenario economics for this project to make sure the City truly is comfortable in case this project turns out this way. We believe there is a good chance the economics will actually improve as we do detailed development and that the final savings determined could provide a project that funds without any capital contribution or use of operations and maintenance savings at all. We urge the City to review the business case scenarios I have attached on the following page as background information to this summary letter. We truly believe this is a great use of City funds and investment to increase operational efficiencies within the City, increase revenues, decrease operational costs, decrease energy costs and increase building occupant comfort. We are hopeful of moving forward as your performance contracting partner. Please contact me with any specific questions. Sincerely; Jared Schoch Account Manager JOHNSON CONTROLS, INC. CONTROLS City of Laurel Water Meter Scenarios and Options BASE CASE iScenerio A Scenario B Scenario C Scenario D Cost $1,298,000 $1,298,000 $1,114,000 $1,114,000 Meter Retrofil ~ 2", AMR Meter Retrofit ~ 2", AMR on Old Meter Retrofit < 2", 3Id Meter Retrofit ~ 2", Cost Scope on All Meters All Meters AMR on All Meters ~,MR on All Meters Savings $69,600 $120,000 $67,000 $117,000 6avingsScope MeterAccur/Maint, Mat. MeterAccur/Repair/FTE MeterAccur/Maint. Mat, VleterAccur/Repair/FTE Financed Term (approz) 23 11.5 20 10.5 OPTION 1 - t2 YEAR PAYBACK Scenerio A Scenerio B Scenerlo C Scenario D Cost $1,298,000 $1,298,000 $1,114,000 $1 ,I14,000 Meter Retrofit ~ 2", AMR Meier Retrorit ~ 2", AMR on 0Id Meter Retrofit ~ 2", Old Meter Retrofit ~ 2", $ost Scope on All Me[ers All Meters ~,MR on All Meters AMR on All Me,em Savings $69,600 $120,000 $67,000 $117.000 Savings Scope Meter Accur / Maint. Mat. Meter Accur / Repair / FTE rioter Accur ! MainL Mat. Meter Accur / Repair / FTE 1 Time Capital Contribution $550,000 NA $390.000 NA )r) Annual Contribution Over Term $57,100 NA $39,000 NA [nanced Term (approx) _ __ 12 11,5 12 10.5 OPTION 2 -- 10 YEAR PAYBACK 8cenerio A Scenerio B Scenerio C ' Scenerio D Cost $1,298,000 $1,298,000 $1,114,000 $1,114,000 Vieter Retrofit 5 2", AMR en Old Meter Retrofit 5 2", Old Meter Retrofit-< 2", Cost Scope ~feter Retrofit ~ 2", AMR ~,11 Meters AMR on All Meters AMR on All Meters Savings $69,600 $120,000 $67,000 $117,000 Savings Scope ~le[erAccur/Maint. Mat. MeterAccur/Repair/FTE MeterAccur/Maint. Mat. MeterAccur/Repair/FTE t Time Capital Contribution $650,000 $163,000 $491,000 $4,000 or) Annual Contribution Over Term $80,000 $19,000 $56,500 $500 Financed Term (approx) 10 10 lC 10 OPTION 3 -- :8 YEAR PAYBACK Scenerio A Scenario B Scenario C Scenario D Cost $1,298,000 $1,298,000 $1,114,000 S1.114,000 Meter Retro01 ~ 2". AMR Meter Retrofit-< 2", AMR on Old Meter Retrofit -< 2", 'Old Meter Retrofit -< 2", Cost Scope on All Meters All Meters AMR on All Meters AMR on All Meters Savings $69.600 $120.000 $67,000 $117,000 Savings Scope Meter Accur / Maint. Mat. Meter Accur / Reparr / FTE Meter Accur / Maint. Mat. Meter Accur / Repair / FTE Time Capital Contribution $761 000 $368,000 $600.000 $205,000 or) Annual Contribution Over Term $112.000 $50.000 $81,500 $28,000 Financed Term (approx) 8 8 8 8 Uti HNSON CONTROLS