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Tab 18 Certificate of EngineerK581�500 Special Improvement District No. 343 Bonds City of Kalispell, Montana CERTIFICATE OF ENGINEER 1, the undersigned, hereby certify that I am a representative of Robert Peccia & Associates of Helena, Montana, the engineer for Special Improvement District No. 343 (the "District"), created in the City of Kalispell, Montana (the "City"), and I am familiar with the costs of construction and installation of improvements in the District (the "Improvements") and further c 'f erti y that: 1. 1 am familiar with the plans, specifications and contract documents for the Improvements (the "Prcject5�). 2. The estimated cost of the Project is $1,618,500 and consists of the following items'. Improvement Costs $1 �095�308.97 Engineering (Design/Construction Mgmt.) 1605000-00 Administration 40)000.00 Reserve Account Deposit 79�075.00 Revolving Fund Deposit 79M75.00 Costs of Issuance 205148.57 Underwriter's Discount 3 1 fi30.00 Contingency 1132262.46 Total $116185500.00 The Improvement Costs of $1,095,308.97, as shown above, consist of the sum of (1) the successful construction bid of $722,093.50 and (10 direct costs of utility providers, such as Montana Power Company, Flathead Electric, Century Telephone, and AT&T, charged in connection with the relocation and burying of utilities in the aggregate amount of $373,215.47. It is my opinion that the Improvement Costs represent all of the costs and expenses estimated to be incurred in connection with the construction and installation of the Improvements, except as expressly otherwise identified above. 3. The Project is being funded by the issuance of the Special Improvement District No. 343 Bonds,, in the principal amount of $1,581,500 (the "Series 2001 Bond"), and a contribution by the City of gas tax funds available therefor in the amount of $37,000 (the "City Contribution"). The City Contribution is being allocated to those properties in the District commonly known as SID Lots 1, 2� 3� 61 7 and 81., as referenced in the Resolution of Intention in connection with the District. 4. Based upon my review of the plans, specifications and contract documents,, it is my opinion that the Project can be installed and constructed to completion by the use of the funds described in paragraphs 2 and 3 hereof 5. The Project has been designed in accordance with the design criteria, guidelines and standards established by the City. Dated this /.'day of 52001. ROBERT PECCIA & ASSOCIATES -- - ------------- B <yv:-.- Philip Porrini, P.E.