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Home My WebLink About0412213.1 Capital_Improvement_Program_Status_Update_-_ATTACHMENT_BProject B-626 - Town Office Relocation Project Cost & Funding Estimated Cost Property Acquisition (500 La Gonda) $12,465,362 * Improvements Phase 1- Police Department $7,108,800 ** Tenant Improvements & Furnishing (assume $125 per s.f. for 16,000 s.f.) $2,000,000 Parking Lot $750,000 Design $750,000 Sub -total $3,500,000 Contingency (assume 15%) $525,000 Solar buyout $500,000 Sub -Total - T.I. & Furnishings $4,025,000 TOTAL ESTIMATED COST $24,099,162 Funding Capital Improvement Program B-626 Prior Year Appropriations $9,600,000 2019/20 GF Transfer $2,100,000 2018/19 Year-end Fund Balance $3,700,000 Sale of 115-125 Hartz Avenue Property $3,274,470 2020/21 GF Transfer $1,675,240 Closeout/transfer fro CIP Project B-597 $2401943 Total Current Appropriations $20,590,653 Remaining Funding Required (Current) -$3,508,509 Future 2021/22 Appropriation - per CIP B-626 $1,825,000 Unfunded Balance -$1,683,509 * $12,750,000 -$170,000 adjustment equals cost of $12,580,000; closing costs include: taxes, insurance and fees totalling $25,503.79; and credits of $140,141.31 for tenant deposits and rent. * * tennant improvements for (dormer theater shell - per contract awarded November 17, 2020. 19 -Jan -21 ATTACHMENT B