HomeMy WebLinkAboutHD Allocation• How the prior HD allocation was spent and when
The City's CIP Department approved project costs of $500,000.00 on
3/8/04.
The use of funds was as follows:
Soft Costs:
Biscayne Engineering Interior Survey — $4,750.00
A/E Consultant Fee and Expenses - $147,077.00
Total Soft Costs - $151,827.00
Hard Costs:
Construction:
Stage Draperies - $22,844.12
Re -Work Upper Loading Bridge Platform - $800.00
Change for Winches - $3,190.00
Add Bracing at Attic Catwalk - $2,537.50
Paint Plaster at Lobby - $213,427.87
Contingency - $21,646.92
Furnishings, Fixtures and Equipment:
Audio Mass Connector - $1,859.01
Audio Equipment — $78,783.17
Misc. Audio Connectors & Patch Cables - $1,084.41
Install New Stage Drapes- $2,000.00
Total Hard Costs - $347,511.47
Project Total $500,000.00
• if you were phasing the restoration work and that is why you are now
requesting the additional funding
We are not phasing the restoration work at this time due to the increase in
cost to have the contractor relocate the workers, equipment etc. The
money that we have requested from the City is to complete the following
projects:
1. 40 year certification
2. New Seating and Related Work
3. New entry Doors and Related Work
4. Purchase and Installation of New Carpet
We have received a total amount of $583,048 from County and State
Grants which are not enough to complete the abovementioned projects.
The amount needed to complete these projects is approximately $825,000
for a total project cost of $1.4 Million. In order for us not to lose the
funding we have already received from the other agencies, we have made
a request to the City for the additional $825K to complete the projects.
• How the $825,000 will be spent
As was mentioned at the Bond Oversight Board, we will be spending the
dollars requested from the City on a reimbursement basis for the
abovementioned projects.
• If you intend on requesting additional funding from the City for
current or future phases
The dollars requested from the City for these projects will be enough to
complete the restoration work mentioned. The first part of the restoration
for the Gusman Theater was completed in 2003 and came to a total of
$6.5M of which approximately $6M of those dollars were received from
County and the State Grants. This is phase II of the restoration for the
theater which will complete some of the projects that were started in
phase I but were not able to be completed due to the lack of funds.
As this is a historical, city -owned building, we are continuously exploring
financial opportunities that would allow us to continue to improve and
maintain the facility in its historical state.