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68 <br /> MEMORANDUM <br /> DATE: March 1, 2002 <br /> TO: Mike Mornson, City Manager <br /> FROM: Roger Larson,Finance Director <br /> ITEM: CENTRAL PARK CONSTUCTION COSTS <br /> In May of 2001, the Central Park project was upgraded from $1,600,000 project to <br /> $2,300,000. <br /> A review of the costs was as follows: <br /> Hard Costs: <br /> Construction/Pavilion $1,975,950 <br /> Soft Costs: <br /> Engineering 324,050 <br /> $2,300,000 <br /> On February 19, 2002, bids were opened for the park shelter buildings. Combined with <br /> the construction cost of the park(approved in August)the total costs are at$2,645,100 <br /> A summary of the costs is as follows: <br /> Hard Costs: <br /> Construction/Park Building $2,142,959 <br /> Soft Costs: <br /> Engineering $ 324,050 <br /> Environmental Clean-up: <br /> Hard/Soft costs: 178,091 <br /> $2,645,100 <br /> The enhancement of costs from the original $2.3 million budget includes: 1) the Central <br /> Park building came in at$453,097 (increase of$167,009) and; 2)Environmental clean-up <br /> costs totaling $178,091 were added to the project. <br />