RYCV Slipway Replacement Briefing Session 30 Sept 2012.

RYCV Slipway Replacement

Briefing Session 30 Sept 2012

Welcome & Why are we here?

• To provide members with an update on all the Slipway replacement options we have explored.

• To summarise key information for an informed decision on this

long term infrastructure decision.

• More detailed information available in mailout and on web.

The day of the vote is October 19 at 1900hrs

Agenda • Recap on project objectives

• Overview of the General Committee brief for the Platform Lift following the decision by Members at the 2011 AGM.

• Summary of the capabilities and costs of the slipway replacement options

The General Committee’s Project Objectives• To Improve the Efficiency of the Yard

• To provide Members with a cost effective lifting option

• To provide additional lifting capacity

• To cover marina expansion

• For Kindred Club business – major component of yard revenue

• To provide “lift and hold” flexibility

• To cover limitations of Western Hardstand

• Our prices are high….. Our yard layout is inefficient

Club Method

Approx. Yarding Time

Member Price – 12m boat

Annual Slips

Notes

HBYC Slip ? $212 ?

RGYC Slip 60 mins $184 600 Slow jobs extra

RMYS Slip 90 mins $315 plus 100 Cradle prep extra

SYC Travel lift

60-90 mins $325 800 4 yard staffEffective capacity – 6

boats per day

RYCV Travel Lift

60-90 mins (HS)

& 120min (yard)

$464 650Yard times assume

boat “typical”Effective capacity – 4

boats per day

RQYS – Qld

Travel Lift

60 mins $395 580

RPAYC – NSW

Travel Lift

30 - 60 mins $240 850

Why do we need to Upgrade Lifting Facilities

The current slipway was condemned in 2010 Current facilities cannot be operated by

members Current capacity will not handle future task.

Western Hard Stand capacity limited to 8 boats. Operating costs high – very high if move to yard

required

Upgrade needs continued….

Environmental compliance cannot be ignored.

Single lifting facility vulnerability.

Kindred Club business restricted – Lift and hold activities

effectively stop work.

Draft Issues associated with old slip must be addressed

for future operations.

Capacity RequirementsCurrent Task

• 650 movements per annum• Peak months 80 movements – 4 per day• Prior to decommissioning – slipway performed 30% of the

task. Previous 12 months 40% and falling.

Task after marina expansion• 900+ movements per annum • Peak months 120+ movements: 6+ per day• Plus additional wash (300-400 price dependent)

Current Effective Lifting Capacity4 per day (have only occasionally achieved 5)SYC with 4 yard staff report capacity at 6 per day

50%+ capacity increase required

Key Criteria from the Platform Lift Design Brief - 2011

Member operation3m draft lifting at low waterCapacity to 14m x 6.5m beamUp to 40 ton – if additional cost lowDesign life of 45 years Wash down on cradles, trolleys or

careening Must meet current environmental

requirementsMust include 'make good' of basin.

Lifting Upgrade Options Costed for October 2012 meeting

1. Remediation2. Platform Lift3. Second Travel Lift – in key

hole4. New Slipway

(Will also update the 2010 estimates for “flatten Yard” – rejected in 2011)

Comparing the Options - FunctionalityCriteria Option 1 Option 2 Option 3 Option 4

Remediation Platform Lift Second Travel-lift

New Slipway

Member Operated

x x Technical possibility only

3m draft lifting at low water

x x

Capacity to 14m x 6.5m beam

x x

Up to 40 ton x x

Design life of 45 years

x x

Cradles, trolleys or careening wash down

x x x

Comparing the Options - Functionality

Criteria Option 1 Option 2 Option 3 Option 4

Remediation Platform Lift Second Travel-lift

New Slipway

External Revenue

x Only if draft increased

Self Funding with 10 years

x ? ?

Improved Western Hard Stand Operation

x

Improved yard labour efficiency

minimal x

Option 1- “Remediation”Mandatory maintenance over due

(Remediation)

$508K to repair and remediate the followingWestern Hard Stand walls – north face & adjacent

to slip EPA compliant wash areaFill in slip, make good pavingRemoval of slip structure“Make good” basin

Option 2- Platform LiftMember operated for Lift , Wash and Return45 year lifeSatisfies Design BriefCost premium - extra $827K over

Remediation

Option 3- Second Travel-lift

Club would purchase 40t version with wider beam

Could operate from slipway key hole or from new finger jetty.

Hard stand area expanded in both cases2 person operation with extra cradle

movement in both cases.Cost premium - extra $844K over

Remediation under key hole option.

Option 4- New Slipway

In order to meet the Club’s operational requirements,

some increase in draft is required.• possible but requires off site disposal of dredged material, perhaps also cradle

modificationYard labour required for operation and basin

lost.Does not address Western Hard Stand

inefficienciesLatest quotation done by Atkins Maritime

Engineers in conjunction with Kevin Johnson.• Cost premium - extra $1.08m over

Remediation. (very high cost for disposal of contaminated

material - $260k.)

Pricing

Option 1 Option 2 Option 3 Option 4

Current Facilities

Platform Lift Second Travel-lift

New Slipway

Member usage Charges LWR

$110 $253(As today)

As today

Members boat-to yard and return

$464(As today)

$262 $464(As today)

As today

Non Registered Boat – to yard and return

$594(As today)

$330 ? $594(As today)

Financing

Cost of platform lift to be funded from debt and cash – no levy.

Additional cost of Cost of platform (above Remediation)

to be funded by users over 10 years.• Excluding additional wash activity, revenue

from members expected to fall – perhaps $10,000

• Club would expect to gain 50% of current Hobson's Bay divers business which is currently running at 20 boats per week.

• Main opportunity is seen as Kindred Club business.

Kindred Club BusinessNon registered boats currently generate 60% of yard revenue:-

$1400 per visit$760 per visit excluding lifting

Current volume is 94 boats per annum.With more competitive lift pricing and given current issues at

RYMS and RBYC we should be able to lift our market share.2 extra boats per week at will meet financing cost and result in

payback in 10 years or less.Currently doing 230 Boat stays per year, theoretical capacity is about

680 Boat staysIf we doubled our business with another 230 Boats stays we can

generate a further $200,000 net per year

Financing possibilities for the other lifting options less clear due

to absence of similar labour saving.

Detailed cost comparisons are provided in the hand out…. But in summary

Option 1 Option 2 Option 3 Option 4

Remediation Platform Lift Second Travel-lift New Slipway

Remediation (no additional lift capacity)

$508,000 Built in to lifting

option priceBuilt in to lifting

option priceBuilt in to lifting

option price

Lifting Options $1,335,000 $1,352,000 $1,591,000

Additional cost to be funded by

$827,000 $844,000 $1,083,000

(If staged add $120K)

Concluding Comments

The Special General Meeting will be on October 19 at 1900 .

The decision will have a significant impact on our marina facilities for the next 45

years

This presentation will be available to down load from the website

Final mail out will be posted later this week

Any further questions / clarifications?

please contact Ray or David