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$175 Wetland delineation <br />$1,270 silt fence and permit <br />$250 seeding estimate (non -test areas) <br />$1,000 contingency <br />$33,295 TOTAL <br />Earthwork for North Commons <br />$4,000 hauling and grading <br />$13,000 topsoil <br />$175 Wetland delineation <br />$1,270 silt fence and permit <br />$2,250 seeding estimate (park areas) <br />$1,000 contingency <br />$21,695 TOTAL <br />Funding for the single family lots to be sold is proposed to come from the COR Revolving Fund, which has a <br />balance of $72,500 from the formulaic assignment of the first installment of land sales to the Flaherty & Collins' <br />project. (First payment received of $250,000 @ .29 %) It should be noted that before, or at the conclusion of the <br />topsoil testing project in the end of October 2012, the lots can be listed with a broker, and the proceeds paid back to <br />the COR Revolving Fund at the time the lots are sold, (meanwhile the HRA can embark upon the process to plat <br />these lots). <br />Funding for the earthwork associated with the park is proposed to be from the Park Trust Fund, and would be <br />authorized by City Council following HRA approval of the creation of the 5 lots as outlined above. <br />Recommendation: <br />Funding Source: <br />The earthwork for the 5 lots to be created for sale would be funded by the COR Revolving Fund in the amount of <br />$33,295. <br />The grading, hauling and topsoil spreading for North Commons would be funded by the Park Trust Fund in the <br />amount of $21,695. <br />Council Action: <br />Motion to approve earthwork for the 5 lots to be created from the COR Revolving Fund in the amount of $33,295. <br />Motion to recommend City Council approve the grading, hauling and topsoil spreading for North Commons <br />concurrent with the lot grading, and funded by the Park Trust Fund in the amount of $21,695. <br />Inbox <br />Form Review <br />Reviewed By Date <br />