HomeMy WebLinkAbout01-22-18 City Commission Packet Materials - A1. Resolution 4844, Allocating Additional TOPS Funding for the Sports Park - SUPPLEMENTAL MATERIALS 1/22/2018
Bozeman Sports Park
Trails, Open Space and Parks Bond Project
RESOLUTION 4844
ADDITIONAL FUNDING REQUEST
January 22, 2018
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Site Context
City of Bozeman `
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Bozeman Sports Park
79.869 acres
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1/22/2018
Master Plan
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Master Plan — Phasing
Phase I A - Phase I B
"Phase I B
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— ' Future Phases s-
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1/22/2018
Project Budget
PARK PROJECT FUNDING $ 7,906,292*
less Infrastructure allocation $ (1,788,000)
PROJECT BUDGET $ 6,118,292
PARK PROJECT COSTS(to date)
Land acquisition $ (2,016,388)
Surveys,reports,review fees, permits $ (112,134)
Design/engineering, inspection,
testing $ (582,940)
Mass grading $ (500,550)
Site utiliites $ (400,375)
RR/vending/entry pavilion $ (311,259)
Project expenditures to date $ (3,923,646)
Available project balance $ 2,194,646
*includes BSPF contribution,cash in lieu of parkland allocation,and leasing revenue
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Infrastructure Funding
Allocation,Declining Balance of
$1,788,000
Non-impact Fee Eligible Costs
by Source in CIP ORIGINAL EXPENDED
Projects Flom 3pP Band
Streets Baxter Lane $ 235 524w60 , >$ (235,525)
Water Baxter Lane $'' 34ASS.Op :','. ,�$ (34,155)
Sewer Baxter lane $- 7509 99 $ (75,700)
Streets Cottonwood Road
Water Cottonwood Road '
Sewer Cottonwood Road
Durston/Cottonwood.
Streets Intersection $'".",'0,346,40. $ (40,347)
Streets Flanders Mill $ 962;232;60 $ (1,072,066) *Final Agmt with
Stream Flanders Will $,' 349347:75 $ - Flanders Mill LLC
Pipe Flanders Mill 30,00Q 00, $ (575,500)* *Includes BSD7
Streets Oak Street realignment
Water Oak Street
$.1 747 106 45 $ (2,033,292)
Impact Fees $ (226,500)
$ 1,747,106 $ (2,259,792)
Payback From
Flanders Mills,LLC* $558,726
Total committed ($1,701,066)
HF
Balance $86,934
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1/22/2018
Project Expenditures
CURRENT PROJECT BID
Base bid hardscape(-upper lot paving) $ (621,880)
Base bid landscape $ (1,252,460)
Add alt fields 3&4 $ (536,960)
Add sod all four fields $ (176,000)
SWPP renewal $ (2,450)
GCCM fee $ (609,753)
TOTAL RECOMMENDED GMP AWARD $ (3,199,503)
COB project contingency(2.5%of subcont cost) $ (64,683)
TOTAL PROJECT COST $ (3,264,186)
Available project balance $ 2,194,646
SHORTFALL $ (1,004,857)
Balance of Inf Funding $ 86,934
SHORTFALL w inf funding added $917,923
m'3�7 xn.MAN"'
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The Trails, Open Space and Parks Committee and the
Recreation and Parks Advisory Board have both
approved motions recommending the additional
allocation of$917,000 in TOP bond funding to the
project. With your approval,we'll be able to get the
ball rolling in 2018!
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