HomeMy WebLinkAboutPark Street Toddler ParkPARK STREET PARK
Summer 2018
ORIGINAL BUDGET
$60,000 for play structure
Scope broadened to include
Toddler Park Concept
Trike Track
Fencing
Lighting
Sidewalk
Landscaping
Play Structures and Swing set
Gas Station Play Area
ORIGINAL POTENTIAL FUNDING SOURCES
City of Rexburg Impact Fund $60,000
Kaboom! Grant $15,000
CHC Grant $10,000
High Five Grant $ 5,000
Total $90,000
In-Kind Savings
Volunteers donating time to install equipment ($35,000)
Landscaping on 5th West-Volunteers and Merrill Landscaping
Madison Jr. High Shop Class donating labor to build gas station
Seeking other sponsors cash or volunteer time
INCREASED COSTS
Bids came in higher than projected for
sidewalk/C&G/Trike Track/Flat Work
Scope of Project Increased
Shortfall $41,000
Requesting an increase of $15,000 from High Five (Total $20,000)
Requesting an increase of $20,000 from General Fund
Contingency (Currently at $219,000)
If High Five unable to increase donation, would require $35,000
from general fund
FINAL BUDGET
MOTIONS REQUESTED
Requesting a motion from Council to approve budget adjustment
for all grants and up to $35,000 from the general fund
Requesting approval of low bid for Sidewalk/C&G, Trike Track,
Excavation, and Flat Work