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Acquisition and Development Costs <br />Preliminary development costs for the acquisition and improve- <br />ment project were developed in the Master Plan Study. The <br />development staging is planned in three phases with Stage I <br />consisting of predominantly land acquisition, grading, runway <br />paving, and lighting and approach aids. Stage II consists of <br />primarily building area improvements and security. Stage III <br />consists predominantly of taxiway and building area improvements <br />to meet increased facility needs. <br />As part of this study, these costs were reviewed since both <br />runway and taxiway widths were increased and several homes were <br />constructed on previously undeveloped lots. The most recent <br />cost estimates are approximately two million dollars higher than <br />the preliminary cost estimates largely reflecting increased <br />value of lands, the acquisition of five additional homes, and <br />relocation cost estimates. <br />Table 2-8 summarizes the development costs for each stage and <br />for the 20 year planning period. These costs are further de- <br />tailed in Appendix D. <br />Stage I <br />Stage II <br />Stage III <br />TOTALS <br />Stage I <br />Stage II <br />Stage III <br />TOTALS <br />TABLE 2-8 <br />SUMMARY OF DEVELOPMENT COSTS <br />Development Costs Without Hangars <br />(Rounded to nearest $1000's) <br />Total Project Costs AIP <br />$6,717,000 $6,045,000 <br />697,000 501,000 <br />329,000 <br />$7,743,000 <br />State <br />93,000 <br />Local <br />672,000 <br />102,000 <br />268,000 21,000 40,000 <br />$6,814,000 $114,000 $814,000 <br />Development Costs with Hangars <br />(Rounded to nearest $1000's) <br />Total Project <br />$6,717,000 <br />1,248,000 <br />742,000 <br />$8,707,000 <br />Costs <br />AIP <br />$6,045,000 <br />501,000 <br />268,000 <br />$6,814,000 <br />2-41 <br />State <br />200,000 <br />101,000 <br />$301,000 <br />Local <br />672,000 <br />546,000 <br />373,000 <br />$1,591,000 <br />