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MEMORANDUM <br /> • DATE: August 23, 1996 <br /> TO: Mayor and Councilmembers <br /> FROM: Michael Mornson, City Manager <br /> ITEM: FINANCIAL SUMMARY FOR NEW CITY <br /> HALL/COMMUNITY CENTER - UPDATE <br /> Building Revenues <br /> Bond proceeds $2,650,000 <br /> City's cash $1.250.000 <br /> Total $3,900,000 <br /> Building Cost <br /> Base Bid $3,151,900 <br /> Architectural & special consultants $ 230,000 <br /> • Demolition $ 160,984 <br /> Bond cost $ 30,000 <br /> Contingency $ 327.116 <br /> Total $3,900,000 <br /> Contingency Costs (to date) <br /> Contingency cost approved to date -- $5,330 . . . . . . . . . . . . . . Miscellaneous approved <br /> Electrical outlet/door widen $ 6,100 . . . . . . . . . . . . approved <br /> Phone system $ 40,000 <br /> Storm water $ 19,900 . . . . . . . . . . . . approved <br /> *Office furniture $ 15,000 <br /> Storage space $ 18,200 . . . . . . . . . . . . approved <br /> Asbestos removal $ 50,000 <br /> *Tennis courts $ 34,000 <br /> Playground area $ 20,000 <br /> Wall in Commons area $ 20.000 <br /> Total $ 228,530 <br /> * Currently, there is $34,000 budgeted in our Capital Equipment Fund for tennis courts <br /> and $15,000 for office furniture. <br /> * The $6,091 for the score board has not been included because of the expectant <br /> contributions from the organizations, nor has the storage for the Sports Boosters <br /> because of their expectant contributions. <br />