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Water Line Replacements – Phase 1 (Sept 2022 updated costs) 1 year later, the 2021 estimate of $3.8 million for Phase 1 is now $5.2 million In one year, cost estimate rose from $3,836,370 to $5,188,005 (up $1,351,635) At this point: • In Engineering design stage • Hoping to get DOH/ECWA approvals late 2022/early 2023 (Still awaiting this in October 2023) • Hoping to go out to bid in February/March 2023 (Now looking at early 2024) • Construction summer of 2023 (Hoping for 2024) Financing: • WIIA – 2021 application denied. 2022 application also denied. Applied in 2023 for just phase 2 & 3. • ARPA – Will use any left‐over funds not applied to prior projects • BAN (Bond Anticipation Note) – will go out to financing after bids received. Bond Resolution from November 2021 initiated this and was amended in July 2023 for updated costs 129