HomeMy WebLinkAboutCAPITAL PROJECTS AGENDA 03-18-08
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Central Contra Costa Sanitary District
5019 Imhoff Place, Martinez, Cil. 94553-4392 (925) 228-9500 . wwwcentlalsan org
CAPITAL PROJECTS COMMITTEE
Chair Menesini
Member Hockett
Tuesday, March 18, 2008
3:00 p.m.
Third Floor Executive Conference Room
Central Contra Costa Sanitary District
5019 Imhoff Place, Martinez, CA
1. CALL MEETING TO ORDER
2. PUBLIC COMMENTS
3. CAPITAL PROJECTS COMMITTEE MEETING
*
a. Review FY 2008-09 Equipment Budget:
1) Administrative - Director of Administration Randy Musgraves
2) Collection System Operations - Director of Collection System
Operations Bill Brennan
3) Plant Operations - Director of Plant Operations Doug Craig
4) Vehicles - Director of Collection System Operations Bill Brennan
b. Review FY 2008-09 Information Technology Development Plan (Included
in Attachment for Item c.) -IT Administrator Mark Greenawalt
*c. Review FY 2008-09 Capital Improvement Budget and Ten-Year Plan-
Director of Engineering Ann Farrell and staff
(Note: User friendly CIB/CIP summary document with project highlights,
as suggested by the Committee, is under preparation and will be available
at the Committee meeting for review.)
4. REPORTS/ANNOUNCEMENTS
5. ADJOURNMENT
*
Attachment
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Executive Summary
,
Central Contra Costa Sanitary District
Capital Improvement Program
Executive Summary
Central Contra Costa Sanitary District
funds an extensive Capital Program
designed to preserve, maintain and
enhance the District's assets,
accommodate the community's needs,
and protect the environment.
Capital improvements/capital projects
are major construction, acquisition or
renovation activities which add value to
the District's fixed assets (buildings,
pipelines, facilities, equipment) or
significantly increase their useful life.
The District's Fiscal Year 2008-09
Capital Improvement Budget details
expenditures of approximately $39
million for the planning, design and
construction of capital projects. By
adopting the Capital Improvement
Budget, the Board of Directors
authorizes staff to pursue this work.
In addition to the Capital Improvement
Budget for the upcoming year, the Board
approves a Ten-Year Capital Improve-
ment Plan that forecasts needed
expenditures for ten years into the future.
This plan focuses on renovation, expan-
sion and regulatory requirements. Its
estimated expenditures for the next ten
years are $340 million (in 2008 dollars),
an average of $34 million per year.
The Capital Improvement Budget and
Ten-Year Capital Improvement Plan also
include projected revenues and cash-
flow analyses to demonstrate how
planned expenditures will be funded. The
projections assume revenue potential
and make up deficits through a
combination of drawing on reserves and
raising the capital component of the
annual sewer service charge paid by
each new connection to the sewer
system.
Each planned project addresses one or
more of these District goals:
. Protect public health and the
environment
. Maintain existing assets
. Respond to regulatory and
community concerns
. Accommodate planned growth
This summary describes the major
projects for fiscal year 2008-09, the
major projects included in the Ten-Year
Capital Improvement Plan, and the
revenue streams that will support the
planned expenditures.
FY 2008-09 Capital Improvement Budget
The FY 2008-09 Capital Improvement
Budget shows expenditures of
approximately $39 million ($38,858,000)
for the planning, design and construction
of capital projects categorized into four
programs:
. Treatment Plant
. Collection System
ram
. Generallmprovements
. Recycled Water
Each of those programs is subdivided
into subprograms.
Most of the money will be spent on
renovation or preservation of capital
assets, as shown in the following table:
Planned Expenditure
For FY 2008-09
$12.7 million 33%
$ 2.2 million
$ 4.9 million
$ 4.8 million
$ 0.3 million
$ 0.4 million
$22.4 million 57%
$ 8.3 million
$ 0.3 million
$12.5 million
$ 1.2 million
$ 3.4 million 9%
$ 0.9 million
$ 0.8 million
$ 0.7 million
$ 1.0 million
$ 0.4 million
$39.0 million
In FY 2008-09, 75 percent of the budgeted $39 million will be for the following 18
large projects.
Treatment Plant
Plant Site Improvements: As in any
industrial facility, heavy use, time and
weather deteriorate pavement. This
project will restore and preserve areas of
paving throughout the plant site, add
new paving as appropriate, correct
drainage deficiencies, replace
deteriorated fences and gates, and
2
enhance visual appearance through
landscaping. In addition, handicap
accessibility will be improved, and a new
conduit for fiber optic communications
will be installed. ($1,500,000 FY 08-09;
$2,500,000 estimated total project
cost)
Aeration Air Renovations: The existing
aeration tanks were installed in the mid
1970s. Since then, numerous cracks and
air leaks have developed. This air loss, if
allowed to continue, could undermine the
structural integrity of the aeration tanks
and represents a significant energy cost.
Several techniques to repair the cracks
were evaluated in prior years. This
project will allow the successful
technologies to competitively bid for the
repair work. A future phase of the project
may require a complete replacement of
the air delivery system of the secondary
aeration system. ($1,000,000 FY 08-09;
$2,100,000 estimated total project
cost)
Aeration
Piping Renovations and Replacement,
Phase 4: Since the inception of the
treatment plant facilities in 1948,
numerous piping systems have been
installed that carry processed waste-
water, sludge, steam, air, and other
constituents. Over time, these pipes fail
due to corrosion and erosion. This multi-
phase program replaces piping that has
reached the end of its useful life. Phase
4 will focus on ash piping, furnace gas
piping, diesel piping, return activated
sludge piping, and chemical piping.
($1,800,000 FY 08-09; $1,800,000
estimated total project cost)
Primary Structures Demolition: This
project will demolish the abandoned
primary sedimentation tanks constructed
in 1948 and 1957 and backfill the area. It
will also demolish the unused lime
storage silos, building, and associated
piping systems. Additional obsolete
facilities may be included in this project
based on further evaluations. This work
will increase safety around the
abandoned tanks and allow for future
expansion of related facilities.
($1,100,000 FY 08-09; $1,400,000
estimated total project cost)
3
Treatment Plant Asset Management
Plan: Replacement value of the current
treatment plant facilities is conservatively
estimated at $600 million. This includes
all mechanical and electrical equipment,
piping systems, concrete structures and
buildings, access roads, etc. All of these
components have a finite useful life. The
purpose of the Asset Management Plan
is to develop a systematic approach to
identifying, prioritizing and funding
replacement projects. The first step
documents completed projects and
institutional knowledge within the various
processes of the treatment plant, and will
be continued. The second step, to be
initiated in FY 08/09, will assess the
conditions of treatment plant processes,
systems, equipment, and structures.
($1,000,000 FY 08-09; $1,200,000
estimated total project cost)
Standby Power Facility Improve-
ments: This project will replace the
standby power units with generators that
meet new air quality regulations,
increase runtime to meet operational
requirements, and improve overall
reliability. The standby power generator
building will also be brought into
compliance with the latest Uniform
Building Code. ($1,200,000 FY 08-09;
$6,800,000 estimated total project
cost)
Solids Handling Improvements: A
major recommendation of the 2005
Solids Handling Facilities Plan was to
upgrade the equipment for handling
biosolids (sludge) during emergencies
(furnace failure) or non-routine
operations (e.g., spikes in solids
productions) that exceed the capacity of
one of the furnaces. This project will
design and construct a sludge truck
loading facility with a sludge cake hopper
(and odor control facilities) to store
sludge generated during overnight hours
when hauling to landfills is not possible.
Contracts with local landfills will be
executed for disposal of biosolids on an
intermittent basis. ($1,054,000 FY 08-09;
$6,500,000 total estimated project
cost)
Scrubber Water Mercury/Metals
Removal: This project will modify the
multiple-hearth furnace facility to
increase sustainable solids processing
capacity, maximize the use of alternative
fuels to minimize greenhouse gas
emissions, and decrease emissions of
mercury, other heavy metals, and
cyanide. A pilot study is being performed
to determine the effectiveness of various
air pollution control methods.
($1,000,000 FY 08-09; $20,300,000
estimated total project cost)
Photo
4
Collection System
TV Inspection Program: This is a large-
scale multi-year effort to inspect the
entire collection system using closed-
circuit TV cameras, digital imaging and
database software. A publicly bid
inspection contract using digital imaging
and database software is awarded each
year. The new contractor's data is being
integrated with existing inspection and
sewer information databases, which is
then used to identify and prioritize sewer
replacement and renovation needs.
Currently sewers in Danville/Diablo are
being televised with sewers in Alamo
and Moraga to follow. ($900,000 FY 08-
09; $5,600,000 estimated total project
cost)
Walnut Creek Sewer Renovation
Project, Phase 6: This ongoing project
(which may include up to 15 phases) will
replace or renovate deteriorating or
deficient sewers in Walnut Creek. Phase
6 will renovate approximately 10,000 feet
of deficient sewers at 10 sites using
open cut and various trench less
technologies. Construction of this phase
is expected to start in June 2008 and be
finished by February 2009. ($1,800,000
FY 08-09; $2,200,000 estimate total
project cost)
Lafayette Sewer Renovation Project,
Phase 5: This ongoing project will
replace or renovate deteriorating or
deficient sewers in Lafayette. Phase 5
will renovate approximately 11,000 feet
of sewers at 10 sites using open cut and
various trench less technologies.
Construction of this phase is expected to
start in June 2008 and finish by February
2009. ($1,500,000 FY 08-09; $1,700,000
estimated total project cost)
5
Martinez Sewer Renovation Project,
Phase 2: This ongoing project will install,
replace or renovate deteriorating or
deficient sewers in Martinez. Phase 2 will
renovate approximately 5,000 feet of
sewers using open cut and various
trench less technologies. Construction of
this phase is expected to start in June
2008 and finish by January 2009.
($1,200,000 FY 08-09; $1,400,000
estimated total project cost)
South Orinda Sewer Renovation
Project, Phase 3: This ongoing project
will renovate deteriorating sewers in
Orinda. Phase 3 will renovate approxi-
mately 10,000 feet of sewers at 10 sites
south of Highway 24 using trenchless
technologies. Construction of this phase
is expected to start in July 2008 and
finish by February 2009. ($1,200,000 FY
08-09; $1,400,000 estimated total
project cost)
A-Line Relief Interceptor, Phase 2A:
This project will increase capacity and
reduce the potential for wet-weather
overflows in the A-Line Relief
Interceptor. It entails building 3,000 feet
of 96-inch pipe from Buchanan Fields
Golf Course to the intersection of
Meridian Park Boulevard and Galaxy
Way. An additional 1 ,300 feet of 48-inch
through 72-inch pipe will be installed
along Galaxy Way, then across Walnut
Creek to the City of Concord Pumping
Station. The project will also eliminate
the need for the pumping station. To
minimize construction impacts, 4,000
feet of pipe will be installed by tunneling.
Construction is expected to begin in
March 2008 and finish in January 2009.
($8,125,000 FY 08-09; $20,000,000
estimated total project cost)
"Map" of Camino Pablo sewer line...
Camino Pablo Trunk Sewer and Flush
Kleen Force Main Improvements: This
project will replace gravity sewers and
two pumping station force mains within
Camino Pablo and the Camino Pablo
frontage road, from Miner Road north to
the Flush Kleen pumping station, using
open-cut and pipebursting methods.
Construction and traffic control details
will be closely coordinated with the City
of Orinda. Construction is expected to
start in June 2008 and finish by
December 2008. ($1,850,000 FY 08-09;
$2,200,000 estimated total project
cost)
6
Alhambra Valley Assessment District
Program: This project will assist
Alhambra Valley property owners
currently using septic tanks by financing
the cost of extending and connecting to
the public sewer. It will also help to avoid
future use of septic systems and sewage
pumping systems in Alhambra Valley;
and facilitate direct and indirect
connections to the Alhambra Valley trunk
sewer so the District's expenditures
associated with the trunk sewer
extension can be reimbursed more
quickly. ($1,000,000 FY 08-09;
$2,000,000 estimated total project
cost)
2008-09 Development Sewerage: This
project will provide capitalization of
District force account labor and other
expenses for planning, designing, and
constructing developer-installed and
contributed main sewer facilities.
($1,180,000 estimated total project
cost)
General Improvements
Collection System Operations
Department Facility Improvements:
This project will design and construct a
new administration, crew and warehouse
building, and provide new paving and
landscaping at the Collection System
Operations facility in Walnut Creek. The
District will obtain permits from the City
of Walnut Creek and address any City
requirements prior to construction.
($700,000 FY 08-09; $14,100,000
estimated total project cost)
Illustration of new CSO facility...
7
Ten-Year Capital Improvement Plan
The District develops a Ten-Year Capital Improvement Plan each year which provides
the information needed to formulate long-range policy regarding:
· Identifying, prioritizing, and scheduling capital projects for the ten-year period.
· Providing financial resources for completing those capital projects.
The plan covers FY 2008-09 through FY 2017-18 and includes total expenditures of
approximately $340 million (in 2008 dollars), or an average of $34 million per year, as
described in the following table:
Dollars
$180 million
$110 million
Percent
53%
32%
$ 38 million
$ 16 million
$340 million
11%
4%
100%
The plan is divided into the same four programs as the budget. While a large portion of
the plan is devoted to ongoing renovation, several projects address capacity and
regulatory issues. The following table lists total ten-year expenditures by program and
subprogram. A brief description of the major projects/programs not described under the
FY 2008-09 Capital Improvement Budget section follows the table.
Capital Program/Subprogram
8
Planned 10 Year
Ex enditure
$121.6 million 36%
$ 31.9 million
$ 24.3 million
$ 36.2 million
$ 28.4 million
$ 0.9 million
$178.2 million 53%
$ 91.3 million
$ 1.9 million
$ 72.8 million
$ 12.2 million
$ 35.2 million
$ 9.9 million
$ 5.8 million
$13.1 million
$ 6.4 million
$ 4.3 million 1 %
Maior Treatment Plant Proiects/Proarams
Electric Blower Renovations: The
electric blower serves as a backup to the
plant's two steam powered turbine
blowers. Its capacity is adequate during
winter months, but not during summer
months when the plant's demand for air
increases. This project will design and
install a new, higher capacity blower.
(Construction FY 12-14; $3,825,000
estimated total project cost)
Centrifuge and Cake Pumps
Upgrades: This project will upgrade the
treatment plant's centrifuges and cake
pumps, which will have been in service
for more than 20 years by 2010. The
design life of rotating equipment is
generally around 20 years. While routine
rotation of the operational and stand-by
centrifuge helps increase the operating
lifespan, as the equipment continues to
age the operation and maintenance
requirements become extensive.
(Construction FY 12-13; $4,150,000
estimated total project cost)
Primary Expansion: This project will
add two primary sedimentation tanks to
increase the treatment plant's wet-
weather capacity to approximately 270
million gallons per day (62.5 mgd dry
weather capacity with one tank out of
service). The new tanks will provide
additional operational flexibility, reduce
the amount of raw wastewater bypassed
to the holding basins during heavy rain
storms, and decrease the potential for
associated odor issues. This project will
also upgrade the existing primary
sedimentation tanks, pre-aeration tanks
and grit-handling system.
(Construction FY 16-18; $26,210,000
estimated total project cost)
Recurring Renovation: Replacement
value of the current treatment plant
facilities is conservatively estimated at
$600 million. This includes all
mechanical and electrical equipment,
piping systems, concrete structures and
buildings as well as access roads, etc.
All of these components have a finite
useful life. In order to maintain the
facilities in top operational condition, the
Ten-Year Capital Improvement Plan sets
aside funds for recurring renovation (Ten
year plan; $36,154,000)
9
Maior Collection System Proiects/Proarams
Sewer Renovation: In 2002 the District
initiated a long-term program to televise
all 1 ,447 miles of its gravity sewers. To
date the program has televised
approximately 578 miles of main sewers.
The results indicate that approximately
4.6 percent, or almost 29 miles of pipes,
are in poor condition. Extrapolating the
data to the entire collection system
shows 72 miles of sewer mains in poor
condition, with a replacement cost of
$123.5 million. The current ten-year plan
targets approximately 44 miles of pipe
for renovation/ replacement. (Ten year
plan; $91,284,000 estimated total
project cost - includes TV program,
large diameter pipe renovation and
cathodic protection)
Sewer Capacity: Periodically the
District updates the Collection System
Master Plan to identify capacity
deficiencies, which are prioritized and
scheduled for replacement in the Capital
Plan. Presently, the Collection System
Master Plan is being updated to reflect
recently approved land use and new flow
monitoring data. The Capital Plan will be
updated to reflect the new results. (Ten
year plan; $61,000,000 estimated total
project cost)
Photo
10
Potential Future Proiects Not Included in Ten-Year Capital Improvement Plan
The Ten-Year Capital Improvement Plan budgets $38 million (11 percent of the planned
ten-year expenditures) for regulatory-driven projects. However, this does not tell the
entire story. There are a number of potential projects that may be required to meet
regulations that are under consideration but have not yet been enacted into law. The
following table shows these potential projects and the estimated probability (low, medium
or high) of their being necessary. If these expenditures become necessary, additional
revenues not currently identified in the ten-year plan will need to be generated, or other
needed projects will need to be deferred.
Time Estimated Estimated
Description Frame Total Project Probability
Cost
Treatment Plant: Hydraulicl Process Capacity
Filter Plant Expansion - Provide facilities to
filter secondary effluent during dry and wet $135-150
weather to meet new regulations such as metals 3-15 yrs million Medium
reduction or provide additional effluent for water
recycling.
Nutrient Removal - Provide facility for nutrient 10-20 $50 million Low
removal (nitrogen and phosphorus). yrs
Nitrification - Provide facilities for nitrification
(convert ammonia to nitrate). This project is 5-10 yrs $50 million Medium
partially funded in the latter years of the Plan.
Treatment Plant: Solids Handling
Sludge Treatment Replacement - Implement
anaerobic digestion or thermal drying if future 3-15 yrs $30-50 million Low
regulations prohibit incineration.
Incinerator Emissions - The EPA is currently
considering stricter regulation of air emission 3-10 yrs $30 million Medium
from sewaQe sludQe incinerators.
Treatment Plant: Other Projects
Air Emissions Projects - Provide processes to
control air toxics and odors and construct tank 5-10 yrs $25-30 million Low
covers (primary and/or secondary processes to
capture air emissions ).
Greenhouse Gas Reduction - Construct
alternative energy projects to reduce or provide 5 yrs $25-50 million High
offsetting credits for greenhouse gas emissions.
Collection System: Regulatory Response
Sewer System Management Plan Projects -
The SF Bay Regional Water Quality Control
Board and State Water Resources Control Board 1-5 yrs $5 - $10 million Medium
require a Sewer Maintenance Management Plan. per year
The requirements may necessitate an escalated
capital program to televise and renovate sewers.
] ]
Capital Revenue/Cash Flow/Sewer Construction Fund
Balance
The Capital Program is funded by a number of different fees and charges as described
below. Figures 1 & 2 depict the relative magnitude of these revenue sources from the
Capital Improvement Budget and Ten-Year Capital Improvement Plan perspectives.
Facility Capacity Fees: A facility capacity
fee is paid by each new connector to the
District's collection system. This fee is
recalculated each year and represents the
cost of buying into the existing assets of the
District. The revenue from these fees is
highly dependent on the housing market and
the rate of new connections.
Pumped Zone Fees: For new connections
located in an area where pumping is
necessary, an additional facility capacity fee
is charged to buy into the existing pumping
station assets of the District. The revenue
from the pumped zone fees is also highly
dependent on the housing market and the
rate of new connections.
Property Taxes: Historically, some
enterprise districts have levied a property tax
rate to cover part of their costs. In 1978,
when Proposition 13 reduced the taxation
rate on property, the State Legislature urged
enterprise special districts to shift to user fee
financing. In FY 1992-93, the State of
California began diverting portions of the
property tax revenue. The District still
receives a significant amount of property
taxes which are allocated entirely to debt
service and the Capital Program. If those
taxes were to be permanently diverted, a
significant increase in other forms of
revenue, particularly the sewer service
charge, would be necessary.
Sewer Service Charges: The sewer
service charge is an annual charge placed
on the property tax rolls which funds
operation and maintenance costs as well as
a portion of the Capital Program. Each year
the capital revenue from all other sources is
estimated, and the additional revenue
needed to fund the planned expenditures is
generated by increasing the capital
component of the sewer service charge as
needed.
Reimbursements from Others: The
District receives reimbursements from others
for capital expenditures which benefit others.
For example, the City of Concord is served
by a contract which requires them to pay a
flow-proportional share of capital projects
which benefit Concord (such as projects to
improve wastewater treatment facilities and
large interceptors). The District also has
formed Assessment Districts to promote the
installation of sewers in un-sewered areas
and has set up loaned money from the
Sewer Construction Fund, along with
reimbursement accounts to return these
revenues, with interest, to that fund.
Interest: Interest is earned on the balance
of the Sewer Construction Fund, the money
held in reserve to fund future capital
projects. The interest earned is returned to
the fund.
Bond Proceeds: While the District
generally follows a pay-as-you-go
philosophy, sewer service charge rate
increases can be mitigated when large, one-
time projects are required by utilizing bond
funding to spread the payments over time.
]2
Figure 1: FY 08-09 Capital Budget Revenue
($1,000)
Facilities
. Capacity &
sewCehr Service Pump Zone Fees
a~e 0
8,510 (22.2%) 7,375 (19.3 Yo)
'U~ ... All Other
Interest ,. ~ 979 (2.6%)
1,500 (3.9%) nD
Taxes ~ Concord*
8,636 (22.6)% 11,264 (29.4%)
*Concord revenue unusually high due to reimbursements for Concord project executed
by the District.
Figure 2: Ten-Year Capital Plan Revenue
($1,000)
Facilities
Capacity & Pump
Zone Fees
63,900 (17%)
Sewer Service .__ All Other
Charge .... 15,445 (4.1%)
85,000 (22.6%) ~
~ Concord
Interest ~ 44,604(11.9%)
19,600 (5.2%) "--/
Bond Proceeds
27,500 (7.3%)
Taxes
120,700 (32)%
13
As part of the Ten-Year Capital Improvement Plan, estimates of expenditures and
revenues are made and a cash flow projection developed to show the interrelationship of
revenues and the Sewer Construction Fund balance. Each year a policy decision is
made by the Board of Directors, based on staff analysis and recommendations,
regarding the rate at which the capital component of the sewer service charge should be
set to fund the planned Capital Program while maintaining an adequate Sewer
Construction Fund balance. The Sewer Construction Fund balance is needed for future
capital projects. It also acts as the bank to meet the District's cash flow needs. To
provide sufficient funds for cash flow needs, a balance of approximately $30 million is
recommended for the Sewer Construction Fund.
The following table shows cash flow projections for the next ten years, including planned
expenditures, revenues needed to fund the expenditures, and the utilization of the Sewer
Construction Fund. This table includes an inflation factor of 3 percent per year and
therefore the expenditure numbers will be slightly higher than those included in the Ten-
Year Capital Improvement Plan section of this document.
Sewer Construction Fund Cash Flow Projection
($1,000\
Expenditures Net Fund
FY Revenue Treatment Collection General Recycled Subtotal Increase Balance 1
Plant System Imp. Water (Decrease) (Projected)
08 38,264 12,680 22,355 3,418 405 38,858 (594 47,173
09 33,299 14,042 17,884 10,028 417 42,371 (9,072 38,101
10 36,812 23,730 18,410 7,695 430 50,264 (13,452 24,649
11 32,987 8,595 18,906 2,430 443 30,375 2,612 27,261
12 33,600 7,710 19,471 2,879 445 30,505 3,095 30,356
13 34,413 7,608 20,055 2,312 458 30,433 3,980 34,336
14 35,825 7,878 20,657 2,350 472 31,357 4,468 38,804
15 35,812 8,624 21,277 2,420 537 32,859 2,953 41,758
16 37,871 20,914 21,915 2,340 547 45,716 (7,845) 33,912
17 57,6372 20,092 22,573 2,871 770 54,305 3,332 37,244
1 Ending fund balance on June 30,2008 is estimated at $47,767.
2
$27,500 from bond proceeds.
As shown, the Sewer Construction Fund balance acts in concert with the various revenue
sources to fund the Ten-Year Capital Improvement Plan. This cash flow projection
assumes the sewer service charge capital component is increased each year as
necessary to fund the planned expenditures and maintain the Sewer Construction Fund
balance at appropriate levels.
14
! a...
Central Contra Costa Sanitary District
March 4, 2008
TO: et Recipients
FROM:
VIA: Jim Kelly
SUBJECT: 2008-2009 Equipment Budget
Enclosed is a copy of the 2008-2009 Equipment Budget, which will be discussed at the
Capital Projects Committee Meeting on March18, 2008 at 3:00 p.m. in the third floor
Executive Conference Room. Any changes resulting from the committee meeting will
be incorporated prior to approval by the full Board on April 17, 2008.
H.\Equiprnent Budget\DistributionMemo.doc