Agenda - 12-06-2004-9a - Laserfiche WebLink

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7 In order to get a more accurate sense of the cost of building the facilities proposed by the Work Group, in the spring of 2004 preliminary construction estimates were prepared by a professional construction cost estimating firm. Staff provided the 2003 design and a possible phasing plan (Attachment 2 -b) for comparative purposes, in order to get a sense of costs by possible phase. After reviewing the Master Plan, the cost estimating firm responded that definitive estimates would not be possible until more - detailed drawings were prepared, but based on their evaluation of the design (Attachment 2 -b), they estimated the costs of building Twin Creeks Park by possible phase as follows: Phase 1 $1,645,000 Phases 1 -Athru 4 $3,375,000 Total (all phases) $5,020,000 The firm provided specific breakdowns of each proposed facility and other associated costs (such as grading, roads and infrastructure). It is important to note that these preliminary estimates are based on the 2003 plan, and that two factors would tend to increase these estimates — 1) the increases in construction costs of the last several months, and 2) the passage of time since preparation. Town CUP application costs are also not included (as yet The phasing plan that was used for the estimates is based on the 2003 version of the plan (Attachment 2 -b). This potential phasing system was developed in the winter and spring of 2004 by staff, with the goal of creating a minimal cost Phase 1 project, given the amount of available funds ($1.2 million) and the anticipated need to defer some of the off -site and on -site infrastructure costs (roads, water and sewer extension) to future phases to ensure adequate funds for some playing fields in Phase 1. Because of increased construction costs, and the need to build at least a segment of the parkway (the entry road from Old 86), it was anticipated that only two fields could be built in Phase 1. The cost estimates tend to confirm this, with a $450,000 projected shortfall for Phase 1, even with only two fields. Since the Parkway would pass by the meadow, picnic shelter and a loop trail to get to the lower two playing fields, these facilities were also proposed to be included in Phase 1. Staff has also completed a new phasing plan that identified a different Phase 1, based on the "Alternative Scenario." This Phase 1 would still include two fields, a picnic shelter and loop trails, but would also propose to pre -grade the remaining areas of playing fields (shown as "Phase 1 -a "in Attachment 2 -d) to achieve economies of scale. Rather than identifying phases 2, 3 and 4 at this time, this phasing plan would leave the remainder of the park as "Future Phases" at this time.