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DEPARTMENT OF PU13ILIC WORKS <br />TO: Board of County Commissioners <br />COPY: Candi Leader, Administrative Assistant <br />DATE: January 8, 2019 <br />FROM: Mark R. Cook, Director <br />RE: ELN Lease Rates <br />On January 3, 2019, the Board of County Commissioners requested that I evaluate three fixed <br />land lease rate scenarios: aggressive, moderate and low. I have completed the analysis based <br />on the following assumptions: <br />Aggressive: 2019-2023 $0.14/SF <br />2024-2028 $0.16/SF <br />2029-2033 $0.18/SF <br />2034-2038 $0.19/SF <br />2039-2043 $0.20/SF <br />Moderate: 2019-2023 $0.14/SF <br />2024-2028 $0.15/SF <br />2029-2033 $0.16/SF <br />2034-2038 $0.17/SF <br />2039-2043 $0.18/SF <br />Low: 2019-2023 $0.14/SF <br />2024-2028 $0.14/SF <br />2029-2033 $0.15/SF <br />2034-2038 $0.15/SF <br />2039-2043 $0.161SF <br />The various scenarios generate the following revenue in a 25 year period: <br />Aggressive: $7,100,381 <br />Moderate: $6,432,081 <br />Low: $5,859,252 <br />To understand the value of each rate scenario I forecast the following expenditures (based on <br />our adopted 2019 ELN budget): pavement maintenance, grant obligations, salaries, operating, <br />engineering/planning and miscellaneous. The following assumptions for each expense appear <br />in Table 1 below. <br />411 N. Ruby, Suite #1 TEL (509) 962-7523 <br />Ellensburg, WA 98926 FAX (509) 962-7663 <br />