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2/22/2021 4:38:51 PM
 
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Section 5: OPA Board Subject: Budget Approved Msg# 1113617
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Can someone please tell me how this 100 bulkhead increase was determined.
Steve - let me hit you with some knowledge: 2018, bulkhead replacement cost $225 per linear ft (plf), 30 year economic life. 2019, contractor price increase, use of (more expensive) vinyl, loss of S/R Club staging = $355 plf, good news is 40 year economic life. Although there was a $130.00 increase, your rate went up $50 with the expectation it would increase another $50 in 2020. 2020, enormous loss of Southern timber drove prices up as did labor, insurance, etc. Estimate becomes north of $375 plf. Last Saturday's Board meeting - contract in the amount of $1,095,000.00 awarded to Fisher Marine locking in the price at $365 plf. Perhaps Kerry can tell us plf pricing when he was Dir, PW. Tom Member, Budget and Finance Committee |
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For reference, the above message is a reply to a message where: Joe, After reviewing the budget, I noticed that the bulkhead differential increased from 515 to 615.I also noticed that the bulkhead/waterway reserve has a projected balance of 459,638 on 4/30/22. Being a member of the 1361 bulkhead differential club,I am wondering how they came up with the 100 dollar increase.Why not 50 or 25 or maybe none. Since you are a member of the bulkhead club doesn't that bother you a little bit. Can someone please tell me how this 100 bulkhead increase was determined. Thanks,Steve Payne |
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OPA Board Meeting - Golf Clubhpuse
6/28/2025 - 9:00 A.M. |
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