HomeMy WebLinkAbout1974-05-10 CorrespondenceProposed
Approved Amendatory Revision
Budget
c
Project Improvements,:----..'-..
$.1,354,122
$ 258;953
Acquisition
53914,951
8=,914,951
Other`
2,608;012
2;608,012
TOTAL
$1.2,877;085
$11;7£1;91.6
Financing Plan
-Item I
1.- Budget
$12,877,085
$17„781;916
Item II
2.-- Supporting Facilities
%1a. 112 Credits = -
2,286,392
2,227,392
b. Melrose Bridge
1,600,000
0
c. Parking
I,28912S0
2;500,000
Project Improvements
0 :-
2;145,105
e. -Other
20;000
46,3S4
TOTAL
$;5,196;142
$ 6, 919,38L_
3= Gross Project Cost (1+2)
$1$,073,227
$18,701,297
4. Proceeds from Land Sale
`3,627,'543
2,532;374
5. Net Project Cost (3=4)
$14'445;684
$16,168,923
6. 'Fax :Credits*
144,992
144,992
{� 7.: Local Share (2+6) :.
5,3411134
7,064,373
8. Federal Grant (5=7)
91104,`550
9,104,550
Notes
258,953- _
8,914,951
2,608,012
$11,737,916
$11,781,91.6
2,144,677
0
0
2,400,000
46,884
$ 4,591,561
$16,373,477
2,532,374
$13,84.7,193
14,1, 992
4,736,553
9,104,550
1. Proposed revision {would require a minimum of $2,400,000 in Project Improvements such
as streets, storm sewers, water and sanitary sewer mains, etc.
2. Proposed revision would not rule out the possibility of using parking facilities -as
part of the local grants in aid of the project upon completion.
3. Proposed revision is consistent with Loan and Grant Contract with: Department of Housing
and -Urban Development with regard tocost_ sharing. ;Local; Share;_ 35%; Federal Govern-
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