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• MEMORANDUM <br /> DATE: October 2, 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 $ 427.116 (add $100,000 on <br /> 11/26/96) <br /> Total $4,000,000 <br /> Contingency Costs (to date) <br /> 1) Miscellaneous cost approved to date $ 5,330 <br /> 2) Electrical outlet/door widen $ 6,100 <br /> 3) Phone system $ 36,000 <br /> 4) Storm water $ 19,900 <br /> 5) *Office furniture $ 86,000 <br /> 6) Storage space $ 18,200 <br /> 7) Council bench $ 6.000 <br /> $177,530 <br /> 8) Other items under consideration: <br /> a) Asbestos removal $ 50,000 <br /> b) *Tennis courts $ 34,000 <br /> c) Playground area $ 20,000 <br /> d) Wall in Commons area $ 20.000 <br /> $124,000 <br /> • Total $301,530 <br />