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3 <br /> FINANCIAL IMPACT: <br /> Table 1 below outlines the estimated cost to construct Elementary #9, including the <br /> community gymnasium and additional playing fields. <br /> Table 1 <br /> Estimated <br /> Phase Cost Funding Source <br /> Concept/Pre-Planning Phase (Approved 12/06/00) <br /> Schematic Design $107,184 <br /> Town Approval Process $25,000 Project Savings at Smith Middle School <br /> Total Concept/Pre-Planning Phase $132,184 <br /> Planning Phase (Approved 03/03/01) <br /> Design Development $142,911 Project Savings at Smith <br /> Middle School and <br /> Town Approval Process $72,000 Appropriation of School <br /> Construction Documents $225,367 Capital Fund Balance <br /> Bidding (approved on 12/11/01) $36,000 <br /> Professional fees (examples include project November 2001 Bond <br /> scheduler, OWASA and Town Fees) <br /> (included in 3/19/02 request) $442,357 <br /> Total Planning Phase $918,635 <br /> Design and Construction Phase (Approved 12/11/01) <br /> Pre-grading $166,850 <br /> Contingency $32,150 November 2001 Bond <br /> Sub-Total Design and Construction Phase <br /> (approved 12/11/01) $199,000 <br /> Design and Construction Phase (Requested 3/19/02) <br /> Construction and Site Work Contract $10,921,250 <br /> Furniture and Equipment $477,645 <br /> November 2001 Bond (less <br /> Technology $750,585 <br /> $1,574,052 contributions <br /> One-time (Non-Personnel Start Up Costs) $400,000 fr m Town of Chapel Hill and <br /> Contingency $335,637 East West Developers) <br /> Sub-Total Design and Construction Phase <br /> (requested 3119102) $12,885,117 <br /> Total Estimated Cost of Elementar #9 $14,134,936 <br /> Less: Town of Chapel Hill Project Contribution ($750,000) For community gymnasium <br /> Less: East West Developers Contribution ($824,152) For playing fields <br /> Total CHCCS/County Cost of <br /> Elementary#9 $12,560,784 <br />