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P� <br />CITY OF NEW BRIGHTON - TRUNK SEWER ACQUISITION REQUEST <br />E <br />This trunk sewer consists of 14,400 feet of 42-inch RCP sanitary sewer <br />begining at its connection with Metro Interceptor 4-NS-523 at Stinson <br />Boulevard and County Road H and extending to a manhole located north- <br />west of the intersection of Interstate 694 and the Minnesota Transfer <br />Railway right-of-way. <br />Total Construction Costs incurred by New Brighton $1,190,342.69 <br />Less Federal Grant to New Brighton 328,031.00 <br />Net Cost to City $ 862,311.69 <br />Less Outstanding Bonds (to be assumed by the MWCC) 491,492.00 <br />Net Equity (for current value credit determination) $ 370,819.69 <br />Present Worth Calculation; (As prescribed in Section 473C.05 <br />subdivision 4 of the Metropolitan <br />Waste Control Commission Act) <br />Equity <br />$ 370,819.69 <br />Multiplied by the ENR index <br />factor of <br />1.186 <br />to arrive at an appreciated <br />worth for <br />1971 of <br />439,792.15 <br />Multiplied by the EPA index <br />factor of <br />3.175 <br />to arrive at an appreciated <br />worth for <br />1983 of <br />1,396,340.08 <br />Less Depreciation for 15 years <br />@ 1.25% per year <br />261,813.77 <br />Net Current Value Credit <br />$1,134,526.31 <br />Annual Current Value Credit: (Based on 30 annual <br />payments at 404 interest) $ 65,610.00 <br />