HomeMy WebLinkAboutBaseball-Softball Cost Projections and Potential Funding Sources Discussion-March 2020Baseball/Softball Quad Cost Projections Option 1 Option 2
Baseball Quad $1,610,303 $1,610,303
Musco Lights $385,000 $385,000
Musco Installation $300,000 $300,000
Soils Report $10,000 $10,000
Power $30,000 $30,000
Top Soil from East Parkway-Barney Dairy Road to River -$80,000
Soil Purchase from Streets $32,000
Value Engineering Options 6,7 -$80,000
Value Engineering Options 1,3,4,5,9,13,14 -$34,740 -$34,740
Fence Alternate -$30,000 -$30,000
Sub Total $2,270,563 $2,142,563
Contingency Fund $114,300 $114,300 5%
Engineering/Arts $150,000 $150,000
Grand Total $2,534,863 $2,406,863
Funding Sources Budget
Urban Renewal Contribution $800,000 $800,000 X
Initial Parks Impact Fund Contribution $800,000 $800,000 X
Private Contribution $99,600 $99,600
Transfer from General Fund-as motioned 2/11/20 $264,300 $264,300
Additional Transfer from Parks Impact Fund-motioned 2/11/20 $136,100 $136,100
Grants or other Contributions TBD TBD
Additional from Street Impact to Truck Soil from East Parway and Create
Snow Storage Area $48,000
Madison Memorial Hospital (MMH)/Madison County-$50,000 each w/naming rights to a
field for MMH as only hospital with naming rights on project $100,000 $100,000
Additional from General Fund if additional contributions do not come in $335,000 $158,900
Grand Total $2,535,000 $2,406,900
Seeking a motion to accept Budget Adjustment Option 1 if necessary with knowledge that
if we can use option 2 or additional funds come in we may be able to reduce additional
transfer from the General Fund, which also assumes no change orders over the contingency
amount of $114,300.