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10.19.21 PWC Presentation Solving for 350K Tree Preservation with HRA and PIR Funding
<br />City/Grant Fully Funding County Parcel
<br />Area Description
<br />County Parcel
<br />County ROW DRAFT
<br />Pearson Parcel
<br />Bowers Drive Modifications
<br />Total
<br />Project Costs (including ROW)
<br />Cost Allocation Lineal Footage % City %
<br />$612,226
<br />$283,000
<br />$979,881
<br />$113,893
<br />$1,989,000
<br />1532 35.89%
<br />0 0
<br />2452 57.44%
<br />285 6.68%
<br />4269 100.00%
<br />**Note: utilities not included - paid for by Trunk Fees**
<br />100%
<br />100%
<br />52.5%
<br />100%
<br />Capstone % Pearson%
<br />0
<br />0
<br />0.0% 47.5%
<br />0 0
<br />Sources of Funds _
<br />County-1 Pearson Parc- ' .
<br />eleNN
<br />Bowers Driv-
<br />Total Project %
<br />MnDOT Grant
<br />$612,000
<br />30.8%
<br />City Contribution (HRA)
<br />'.
<br />$113,893
<br />$911,361
<br />45.8%
<br />Pearson Contribution
<br />1 $465,639
<br />47.5%
<br />$465,639
<br />23.4%
<br />Capstone Contribution
<br />0
<br />0.0%
<br />$0
<br />0.0%
<br />$895,226 $979,88111
<br />0' .
<br />$1,989,000
<br />100.0%
<br />Uses (Project Costs)
<br />Portion of Overall Project
<br />35.9%
<br />57.4%
<br />6.7%
<br />100.0%
<br />Road, Trail, Storm
<br />$612,226
<br />$979,881
<br />$113,893
<br />$1,706,000
<br />ROW
<br />$283,000
<br />$283,000
<br />County Parcel + ROW =
<br />$895,226
<br />$979,881
<br />$113,893
<br />$1,989,000
<br />$895,226
<br />V' Funding Gap
<br />1/3 of funding
<br />gap
<br />Public vs. Private Dollars
<br />Private (Capstone + Pearson)
<br />Public (City + MnDOT)
<br />Capstone / Pearson Agreement*
<br />Private Pearson Parcel Total
<br />$465,639
<br />Party
<br />Assessment Amt
<br />%
<br />Capstone
<br />$239,875
<br />34%
<br />Pearson
<br />$465,639
<br />66%
<br />* Assessment amounts based on lineal footage along Riverdale Drive Pearson and Capstone
<br />Capstone Tree Preservation Credit (Pearson)
<br />Additional City Contribution (to Capstone)
<br />Tree Preservation Reconcilliation
<br />Total City Contribution**
<br />Total Grant Contribution
<br />ROW Cost Estimate
<br />Project Costs Less County ROW
<br />** This includes 350 K Tree Preservation
<br />$ 911,361
<br />$ 612,000
<br />$ 283,000
<br />$ 1,706,000
<br />$465,639
<br />$1,523,361
<br />$1,989,000
<br />23%
<br />77%
<br />$ 239,875 HRA Pay for Capstone Assessment (above)
<br />$ 110,125 PIR Payment to Capstone
<br />$ 350,000
<br />Difference from 1.26.21
<br />$235,841
<br />$ (638,000)
<br />$ (667,000)
<br />$ 31,000
<br />
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