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The project expenses below reflect costs the city has incurred: <br />1. Project Budget Breakdown (Example) <br />Expense Item <br />Cost <br />Funding Source <br />Status (Secured <br />Pending) <br />Design & Planning <br />$576,645.52 <br />Cash on hand <br />Secured <br />Construction <br />Not applicable due to <br />Materials <br />lease option <br />Labor/Contract <br />Not applicable due to <br />Fees <br />lease option <br />Permits & Fees <br />Not applicable due to <br />lease option <br />Marketing/Signage <br />Not applicable due to <br />Lease option <br />Maintenance (Year <br />$954,000.00 <br />1) <br />Total not to exceed <br />$15,000,000.00 <br />2. Funding Sources <br />Provide details on additional funding sources for this project (grants, private <br />partnerships, in -kind contributions). Include the status of each funding source. <br />Matching funds in the form of cash or assets are encouraged but not required. <br />Below are the funding sources for the future purchase option of the Ellensburg Fieldhouse <br />which can be executed by lease terms as established by the agreement with the developer <br />of the project: <br />Source <br />Amount <br />Secured/Unsecured <br />Additional Notes <br />ERRC Insurance <br />$7,000,000.00 <br />Secured <br />Settlement <br />ERRC Property <br />$100,000.00 <br />Secured <br />Sale <br />County Lodging <br />$4,000,000.00 <br />Unsecured <br />Tax <br />City Lodging Tax <br />$1,000,000.00 <br />Unsecured <br />City Debt Service <br />$3,000,000.00 <br />Unsecured <br />Local program <br />($400k debt <br />service, 10 years <br />@ 6%) <br />