|
MISSISSIPPI RIVER TRAIL PROJECT FINANCIAL SUMMARY
<br />Total Project
<br />Anoka
<br />Ramsey
<br />COSTS
<br />$1, 374,100
<br />$753,900
<br />$620,200
<br />Construction
<br />10% Contingency
<br />Subtotal
<br />32% Administration
<br />TOTAL ESTIMATED COST
<br />FUNDING
<br />Federal Grant
<br />Anoka County
<br />City Funds
<br />TOTAL ESTIMATED FUNDS
<br />Total Project
<br />$1,728,900
<br />(55%) $1,084,000
<br />(45%) $644,900
<br />Total Total
<br />Based on Bids
<br />$946,400 $1,219,100
<br />S94.600 (5%)S 61.000
<br />$1,041,000 $1,280,100
<br />5333.100 $ 409,600
<br />$1,374,100 WETLANDS 39,200
<br />$1,728,900
<br />EXHIBIT A
<br />August 9, 2013
<br />Construction Costs
<br />(based on bids + $39,200 wetlands credit purchase)
<br />$1,258,300
<br />$789,500 (62.7%)
<br />$468,800 (37.3%)
<br />Anoka Ramsey
<br />$519,200 $427,200
<br />$51.900 $42,700
<br />$571,100 $469,900
<br />$182.800 S150.300
<br />$753,900 $620,200
<br />Total Anoka Anoka (62.7%) Ramsey
<br />$440,300 $242,200 $276,100 $198,100
<br />$340,000 $187,000 $213,200 $153,000
<br />$948,600 $324,700 $594,700 $269,100
<br />Ramsey (37.3%)
<br />$164,200
<br />$126,800
<br />$353,900
<br />$1,728,900 $753,900 $1,084,000 $620,200 $644,900
<br />CHANGE IN FINANCIAL OBLIGATION - (from April 30, 2013 budgeted amounts to costs based on bids)
<br />City of Anoka
<br />City of Ramsey
<br />Anoka County
<br />$270,000
<br />$84,800
<br />$ -0 -
<br />BLACK = Based on cost estimates from April 30, 2013
<br />(based on "Project Cost and Financing Summary" document created by Bolton Menk dated March 29, 2013)
<br />RED = Based on Actual bids received on August 6, 2013
<br />(based on apparent low bid of $1,219,072.50 submitted by Sunram Construction on August 6, 2013)
<br />*Engineering/ Administration cost to be split 62.7%/37.3%
<br />** Federal Grant and Anoka County funds to be split 62.7%/37.3%
<br />*** Anoka County funds will not be available until the County receives funding from the Metropolitan Council's Regional Park and Trail Grant
<br />Program. This is estimated to occur in 2016 or 2017. **
<br />
|