HomeMy WebLinkAbout5.517 Original Contract
5.5/7
~. DAVID A. PAPANDREW
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POBox 3158
SEQUIM. WA 98382
PHONE 360681 8715
FAX 3605829886
EMAIL kdrew@olympus net
July 12, 1999
Mrs. Yvonne Ziomkowski
Finance Director
City of Port Angeles
321 East Fifth Street
Port Angeles, W A 98362
This letter is to confirm our understanding of the terms and objectives of my engagement and .the nature
and limitations of the services I will provide.
I will perform the following services:
· Meet with City personnel to determine the current status of the Equipment Services Fund, its rate
structure, future needs and internal procedures regarding cost accumulation.
· Summarize current procedures used in development of cost components: labor charges, materials,
sub-contracts and depreciation.
· Using the information gathered above, draft a written policy to reflect the current status of the
Equipment Services Fund incorporating the following:
· Overall philosophy of the Equipment Services Fund
· Costs of operations:
· Labor charges
· Materials and parts
· Sub-contracts
· Depreciation (determination of useful lives)
· Administrative charges
· Rate development and goals
· Inflationary factors
· Asset replacement as a component of rates
· Future financing needs
· Operating capital (operating reserves)
· Replacement strategies
· Capital reserves
· Replacement vs. additions to capital assets
· Monitoring and evaluation of current status
· Operations
· Finances
· Recommendations for future consideration
-
Mrs. Yvonne Ziomkowski
July 12, 1999
Page Two
My fees for the service outlined in this letter will be based on an hourly rate of $60.00. I estimate the
total fee to be between $1,200 and $1,800, based on anticipated time of20 to 30 hours.
I will be pleased to discuss this letter with you at any time.
If the foregoing is in accordance with your understanding, please sign the copy of this letter in the space
provided and return it to me.
Yours very truly,
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David A. Papandrew
Acknowledged:
CITY OF PORT ANGELES
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Y onne Ziomkowski, Finance Director
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Date