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3. Long-Term Maintenance Ptan <br />Describe the ptan for ongoing maintenance and funding for the infrastructure to <br />ensure its [ong-term sustainabitity. <br />The city hired Battard King & Associates LTD (BK) to conduct a market review and develop <br />an operation ptan for the fietdhouse which is attached. The objective of the study was to <br />determine the anticipated participation and estimated revenue and expense budget. <br />Based on the information provided in the Battard King Report, the city anticipates the <br />fottowing: <br />a <br />Baltard King estimated annuaI fiel,dhouse operating costs <br />Estimated revenue from BK report (600/o recover!) <br />Off set from current Park Operations: <br />o Youth Center (transfer services to Boys & Girl.s Ctub) <br />o Youth Athtetics (absorb into fietdhouse expenses) <br />o County Contribution (LTAC or annuat contribution) <br />Total Annual Operating Revenue <br />$9s+,ooo <br />$szs,ooo <br />$292,000 <br />$1oo,ooo <br />$100,000 <br />$1,017,000 <br />lV. Project Timetine (Exampte) <br />V. Feasibitity and Risk Management <br />1. Feasibitity <br />Describe the proiect's feasibility, including any studies conducted, readiness to begin, <br />and tiketihood of successfut comptetion within the proposed timeline. <br />As previousty mentioned, the city hired Battard King to conduct marketing and operation <br />ptan in February 2025. The work compteted by BK determined the anticipated facitity <br />participation and estimated revenues and expenditures. The work atso inctuded a <br />demographic assessment of the regionat area, participation and facitity trends, and <br />devetoping an operating pro-forma. Additionatty, pretiminary geotechnicat and site work <br />Milestone Start Date Comptetion Date <br />Ptanning and Permits october 1,2025 March 1,2026 <br />Construction Start Aprit 1 ,2026 <br />Project Com ptetion/Lease <br />Exercised <br />June 1 ,2027 <br />Opening to Pubtic )uly 1 ,2027 <br />Future Purchase Option TBD