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Washington State Horse Park Exhibit VIBudgetforcoveredArenaandAssociatedBuildoutProjectPhases5-5-18
<br />Phase 1 Phase 2 Project
<br />Covered Arena Assoc.Buildout TotalFundingSources
<br />County Lodging Tax Funds Request (pending)$1,500,000
<br />WA State 2017-19 Capital Budget (awarded January 2018)$2,000,000DistressedSalesandUseTax(.09)Funding Grant (secured)$60,000"Unbridled Evening"/Other Private Donor Designated Capital Funding $200,000CorporateSponsorshipcampaign$100,000In-Kind (design,engineering,construction services and materials)$140,000
<br />Phase 1 Funding -In Hand $4,000,000DistressedSalesandUseTax(.09)Funding Grant (proposed 2019)$250,000StateRecreationandConservationOffice(RCO)Grant (application 2020)$500,000CityofCleElumLodgingTaxFunding(proposed)
<br />$30,000In-Kind (design,engineering,construction services and materials)$20,000"Unbridled Evening"/Other Private Donor Designated Capital Funding $115,000CorporateSponsorshipCampaign
<br />$25,000Phase2Funding
<br />$940,000
<br />Total Project Funding $4,000,000 $940,000 $4,940,000
<br />Project Expenses
<br />Site Preparation and drainage $65,000Metalbuilding($32.78/sf x 60,000 sf)$1,966,500Porchatgableends($27.56/sf x 9,600 sf)$264,500
<br />Foundations
<br />$197,500Mechanical
<br />$37,450
<br />Electrical and engineering $267,500
<br />Fencing $53,500
<br />Translucent panels (skylight)$250,000
<br />Arena footing $200,000
<br />Relocation of maintenance area (utilities,site development)$70,000
<br />Phase 1 Arena Contruction $3,371,950
<br />Real Property -Acquisition of 8-acre parcel from Suncadia for parking $150,000Landscaping
<br />$40,000Portablebleachers
<br />$60,000Weatherscreens
<br />$55,000RestroomS
<br />$200,000Additionalparkingland-clearing and construction $75,000Relocationofmaintenancearea(fencing,shed))$86,000
<br />Phase 2 Associated Buildout
<br />$666,000Contingency(5%)$168,598 $33,300
<br />WSST (8%)$283,244 $55,944
<br />3%Administrative Cost on $2.0MM state funding $60,000 $-
<br />Project Management $60,000 $40,000PermitFees$15,000 $-Architectural and Structural Design Fees $30,000 $20,000
<br />Total Soft Costs $616,841 $60,000TotalCosts$3,988,791 $726,000 $4,714,791ProjectedFundingAdequacy$11,209 $214,000 $225,209
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