HomeMy WebLinkAbout[06b-i] Millstream Park
\[06b-i\]
Council Agenda Item
MEETING DATE
: March 6, 2017
AGENDA ITEM
: Millstream Park Shelter
SUBMITTED BY
: Administration
BOARD/COMMISSION/COMMITTEE RECOMMENDATION
: The Park Board has approved
the building plans for the new shelter for Millstream Park and have requested that the City Council
authorize the bidding of the project and utilization of sales tax for the funding.
PREVIOUS COUNCIL ACTION
: The Council had requested information on the total cost of the
project and questioned the completeness of the plans.
BACKGROUND INFORMATION
: The plans were forwarded to RA Morton to review and estimate
a construction cost which they estimated slightly less than the previous independent contractor. The
estimated cost also includes a 10% contingency. RA Morton can prepare the bid documents and manage
the project as well. The Council does have the opportunity to bid the heating/AC as an alternate if so
desired.
BUDGET/FISCAL IMPACT
:
ATTACHMENTS
: Request for Council Action
Sales Tax Summary
REQUESTED COUNCIL ACTION
: Provide direction
Sales Tax Summary
Summary of Committed & Available Funds
As of December 2016
Sales Tax Receipts 3,296,724.58
Transfer - Rec Funds 19,274.35
Transfer - General Fund 24,003.73
Transfer - Government Center Bonds 35,448.92
Donation, Misc. 110.00
3,375,561.58
ProjectFederal/APOYTDBalance to be
Project Name/Type YearProject CostFundingExpendedFunded
Sales Tax Committee2007/2008 1,865.06 (1,865.06) -
Park & Trail System Plan2007 50,351.99 (50,351.99) -
Centennial Park Swing set2010 33,284.14 (33,284.14) -
Community Center - Planning (Phase 1)2010-2013 364,535.76 (364,535.76) -
CR 2/3 Trail Extension2010-2013 446,513.37 (446,513.37) -
Wobegon Improvements2013 13,886.18 (13,886.18) -
CR 133/College Ave Sidewalk2010-2013 192,729.82 (192,729.82) -
Aquatics Design2014 (71,623.50)
Wobegon Trail - to St. Cloud2018 200,082.00 (82.00) 200,000.00
Trail Extension Phase II/III2017 1,293,609.00 (573,305.64) (4,264.04) 716,039.32
Millstream Park Shelter Architect Fees2015 7,500.00 (7,500.00)
Community Center - Colts2014 2,340,109.27 (664,480.00) 1,675,629.27
Community Center - Planning (Phase 2)2016-2017 20,000.00 - 20,000.00
Pedestrian Bridge - Study2016 40,000.00 (32,000.00) - 8,000.00
Totals 5,004,466.59 (605,305.64) (1,851,115.86) 2,619,668.59
Less: Bonded Projects (1,675,629.27)
Committed - to be funded 944,039.32
Balance as of December 31, 2016 1,524,445.72
anticipated remaining 2016 sales tax revenues to collect 85,000.00
Committed - to be funded (944,039.32)
Anticipated 2016 December Balance including funding commitments 665,406.40
Average Monthly Revenue (5 yr) 424,649.60
Average Bond Payment (5 yr) (160,000.00)
uncommitted annually (5 yr Average) 264,649.60
ProjectDonations/YTDBalance to be
Projects that have been discussed for
Sales Tax FundingYearProject CostState BondingExpendedFunded
Millstream Park shelter 600,000 (50,000) 550,000
Aquatics Center 6,500,000 (2,000,000) 4,500,000
Community Center - Repurpose Colts -
Field Street -
Pedestrian Crossing 2,000,000 (1,000,000) 1,000,000
East Park Development -
9,250,000 (3,050,000) - 6,150,000
Maximum Funding Available
2006 - 2018 Legislation 4,000,000
2019 - 2038 Legislation 11,000,000