2022-07-25-minutes-public-works-study-session

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KITTITAS COUNTY DEPARTMENT OF PUBLIC WORKS PUBLIC WORKS — BOARD OF COUNTY COMMISSIONERS STUDY SESSION STAFF REPORT STUDY SESSION DATE: July 25, 2022 TOPIC: ELN CARB Loans ACTION REQUESTED: Direct Staff LEAD STAFF: Mark R. Cook RECOMMENDATION: Direct staff proceed with the east taxilane utility extension project and resolve the status of the west taxilane extension project. BRIEFING SUMMARY: • The Airport Department has two outstanding CARB (Community Development Revitalization Board) loans with Washington State Department of Transportation (WSDOT) Aviation. • The west taxilane (WT) extension project ($100,000) has no charges currently against the grant. • The east taxilane utility (EU) extension project ($105,000) has approximately $5,000 charged against the loan. • Sixty percent design cost estimate for the WT project exceeds the original load estimate by 200%. There is currently $750,000 in the WSDOT loan program supporting additional financing. • Both loans may utilize WSDOT specifications during construction. BACKGROUND: Two WSDOT CARB loans are now over one year old. Interest rate on the loans is two percent (2%). Debt service on $100,000 over a twenty-year period is approximately $22,000. The pandemic and supply chain issues create un -allocated loan funding in the amount of $750,000. The county now needs to decide how to proceed with both open loans. DISCUSSION: The EU project is straight forward, and Public Works (PW) does not anticipate any issue delivering the project. WSDOT is requesting an updated project schedule within two weeks and will extend the delivery date of the project. The WT project is not so straightforward. Providing the Board desires moving forward with the project securing more debt, debt service could easily exceed $90,000 over twenty years for the $400,000 that is anticipated for improvement construction. PW is Page 1 of 4 Public Works "Work Session Staff Report", 2022