HomeMy WebLinkAboutBaseball-Softball Cost Projections and Potential Funding Sources Discussion- March 2020Baseball/Softball Quad Cost Projections-Updated 5/20/20 Option 2
Baseball Quad $1,610,303
LED Lights-Not Awarded Yet $385,000 Not awarded yet
Light Installation-Not Awarded Yet $300,000 Not awarded yet
Soils Report $10,000
Power $9,500 $30,000 prior estimate
Top Soil from East Parkway-Barney Dairy Road to River duplicated prior $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
Fence Alternate -$28,727
Sub Total $2,203,336 2,143,836
Contingency Fund $46,664 $114,300 prior
Engineering/Arts $150,000
Grand Total $2,400,000 2,408,136
Funding Sources Budget
Urban Renewal Contribution $800,000 X
Initial Parks Impact Fund Contribution $800,000 X
Private Contribution $99,600 approved $836,536
Transfer from General Fund-as motioned 2/11/20 $264,300 approved
Additional Transfer from Parks Impact Fund-motioned 2/11/20 $136,100 approved $2,100,000
Grants or other Contributions-RMP $25,000 TBD
Additional from Street Impact to Truck Soil from East Parkway and Create Snow Storage Area $48,000 approved $0
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 approved
Additional from General Fund if additional contributions do not come in $127,000 not approved
Grand Total $2,400,000