Mr. Steve Bolton
May 25, 2018
Page 2
By way of comparison, the last trial had 49 towns and cities that were our clients, Each was billed
approximately 2% over a period of 2 full years, under the same scope described above. The total
cost per community for 2 years was $8,442 or $4,221 per year at approximately a 2% billing each.
At this time, there are 66 communities and the billing split will be 1.52%. This may vary over the
next 2 years if more towns come in, or if a few towns settle. 1 think that the City can reasonably
budget and expect that these costs will not more than double in the next trial and we are expecting
something greater than the $8,000 but less than $16,000 over 2 years per client. Hudson, for
example, has budgeted $20,000 for this report and trial, to be conservative.
The first contract enclosed is a fixed price contract of $50,000 to prepare the valuation model and
template that all of our clients currently have for Eversource that is critical to streamlining the
computerization of the appraisal discussed in contract #2. In order to do this cost effectively for
the City, we recommend a revaluation contract for this year as you are doing a City-wide
revaluation (full statistical update). We can build the model for the City to be used at trial by
preparing the 2018 values of Eversource on a City-wide basis. Therefore, this first contract is a
revaluation of Eversource as of 4/1/2018 which will provide you new values for 2018 and a
template to go forward for 2014, 2015, 2016, and 2017. The discovery for the template will be as
of 12/31/2017 for 4/1/2018. The template will then provide for the common discovery in the court
case as agreed to by the company, the BTLA, and the attorneys for 4/1/2014, 4/1/2015, 4/1/2016,
and 4/1/2017, the cost of which will be bom in contract #2. This first contract will need to start
immediately in June to meet your 2018 valuation deadlines. It will dove-tail nicely into the time
frame that the template will be required for Nashua for the court-ready report and the court
exchange date of February 1, 2019.
I hope this proposal meets with your needs and approval, but please feel free to call with any
questions you wish. The only hanging issue in this is what to do with the remaining utilities in
Nashua for the 2018 full statistical update. If you’ want us to do all of them for the City,
coordinating with your revaluation contractor, we will need io engage this conversation very soon.
George E. Sansouicy, PE, LLC
