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Tourism-Related,Large-Scale Municipality-Owned Capital Project Budget <br />Funding Sources for 2018-2019 Phase of building renovation <br />Funding Sources <br />Lodging Tax Funds Request $500,000 to be requested <br />Sale of City property and unsecured loan $400,000 pending <br />Washington State Department of Commerce,2015 $260,000 secured <br />(portion of $388,000 grant went to 2017 work) <br />Volunteer management and community labor $40,000 secured <br />Total Funding Source $1,200,000 <br />Project Expenses <br />Real Property or "Right-of-Way"Acquisition Cost $0.00 <br />Capital Asset Cost $0.00 <br />Construction Cost or "Hard"Cost:$710,000 <br />install 2nd floor ceiling and wall insulation;install interior <br />and exterior doors;refurbish interior windows;complete <br />new finishes on 1st floor and ground floor where needed; <br />install signage,toilets,accessories and partitions;complete <br />fire sprinkler systems for ground and 1st floors;install <br />bathrooms on the 1st floor;install kitchenette;install HVAC <br />system for 1st floor and modify where needed on ground <br />floor;completing electrical for 1st floor and effected areas <br />on 1st floor;refurbish exterior siding where needed.* <br />*Project management does not have sufficient <br />informationto break out individual costs. <br />Construction Management $20,000 <br />Engineering fees,permitting costs,special inspections,$10,000 <br />Landscaping $100,000 <br />Soft Cost -architectural design and details $360,000 <br />Total Project Costs $1,200,000 <br />This project budget,being submittedas part of this application,will be considered an estimate.As <br />the project progresses through the four-step process,applicants will be required to update the <br />project budget as more informationbecomes available and at the time of funding award. <br />*At the time funding awards are being considered (Steps 3 and 4),verifying documentation shall <br />be required and attached to the final project budget.Verifying documentation may include award <br />letters,letters of commitment,or loan approval documentation.If the funding source includes <br />applicant funds,proof of available funding in the form of a letter of commitmentfrom an <br />authorized body or representative of the applicant is adequate. <br />15