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KITTITAS COUNTY PUBLIC WORKS DEPARTMENT <br />3/23/2016 <br />Road Improvement District Proposal <br />Biltmore Drive - Kaynor Road <br />Project Assumptions <br />30 lots <br />Equal benefit by lot <br />50 foot turnaround is available at the end of the improvement length <br />Improvement length is one mile (5,280 feet) <br />Improvements include: crushed surfacing (2 inches compacted depth) <br />Three - applications of BST <br />Financial Scenarios Evaluated <br />Period (yrs) Interest rate Present Value PMT/lot/yr JEquivaient <br />n i PV Beginning End PMT/lot I PMT/Lot/Month <br />0 0 <br />7 3 <br />10 3 <br />15 3 <br />$100,000.00 <br />$100,000.00 x <br />x <br />$100,000.00 x <br />x <br />$130,000.00 x <br />$3,333.33 $ <br />$ 519.44 $ <br />$ 535.02 $ <br />$ 379.39 $ <br />$ 390.77 $ <br />$ 352.42 $ <br />$ 362.99 $ <br />NOTE: <br />Beginning is payment at the start of the first year, End is payment at the <br />end of the first year. <br />The additional $30K at 15 years recognizes a reapplication of chip seal <br />at the end of the RID period. <br />DISCLAIMER: the financial estimates above are preliminary in nature <br />subject to verification from the Kittitas County Treasurers Office. <br />277.78 <br />43.29 <br />44.59 <br />31.62 <br />32.56 <br />29.37 <br />30.25 <br />