09/30/08 Turner/Interest Rate DifferenceCity of Kalispell Public Works Department
Post Office Box 1997, Kalispell, Montana 59903-1997 - Telephone (406)758-7720, Fax (406)758-7831
9/30/08
To: Charlie Harball, City Attorney
Cc: Jim Hansz, P.E., Public Works Director
From: Susie Turner, P.E., Senior Civil Engineer
Re: Owl Corporation Latecomer Fee interest rate difference
In 2007 1485 EDUs remained for the water latecomer fee for the referenced project. For 2007
the reimbursement amount per EDU equaled $184.50. For 2008 the reimbursement amount per
EDU equaled $194.54.
2007 cost for 1485 EDUs equals $273,982.50
2008 cost for 1485 EDUs equals $288,891.90.
Difference $14,909.40
Let me know if you have any questions?