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The project expenses betow reftect costs the city has incurred <br />1. Project Budget Breakdown (Exampte) <br />2. Funding Sources <br />Provide detaits on additionat funding sources for this project (grants, private <br />partnerships, in-kind contributions). lnctude the status of each funding source. <br />Matching funds in the form of cash or assets are encouraged but not required. <br />Betow are the funding sources for the future purchase option of the El.tensburg Fieldhouse <br />which can be executed by tease terms as estabtished by the agreement with the devetoper <br />of the project: <br />Expense ltem Gost Funding Source Status (Secured <br />Pending) <br />Design & Ptanning $s76,64s.s2 Cash on hand Secured <br />Construction <br />Materiats <br />Not appticabte due to <br />tease option <br />Labor/Contract <br />Fees <br />Not appticabte due to <br />tease option <br />Permits & Fees Not appticabte due to <br />[ease option <br />Marketing/Signage Not appticabte due to <br />[ease option <br />Maintenance (Year <br />1) <br />$954,000.00 <br />Total not to exceed $15,000,000.00 <br />Source Amount Secured/Unsecured Additionat Notes <br />ERRC lnsurance <br />Setttement <br />$7,000,000.00 Secured <br />ERRC Property <br />Sate <br />$1oo,oo0.0o Secured <br />County Lodging <br />Tax <br />$4,000,000.00 Unsecured <br />City Lodging Tax $1,ooo,ooo.oo Unsecured <br />City Debt Service $g,ooo,ooo.oo Unsecured LocaI program <br />($4oor oeot <br />service, 10 years <br />@ 67o)