HomeMy WebLinkAboutTown Square Funding Strategies Presentation 2-24-20The Town Square
February 24, 2020
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2
SCHEMATIC
DESIGN
DESIGN
DEVELOPMENT
CONSTRUCTION
DRAWINGS
BIDDING
Investigation of program, constraints,
performance targets
Done!
Initial building design based on concept;
outline of building systems; initial cost estimate
Current phase
Refinement of design; design of details;
selection of materials; refined cost estimate
Spring/Summer 2020
Documentation of design for contractor
bidding, permits and construction
Summer/Fall 2020
CONSTRUCTION
CONCEPT
DESIGN
Subcontractor bidding to establish
Guaranteed Maximum Price (GMP)
Fall 2020
Early 2021 –Spring 2022
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4
MARKET PAVILION
FOR YEAR-ROUND
USE
UPGRADED
UTILITIES
TO HANDLE
EVENT NEEDS
IMPROVED
ACCESSIBILITY
FOR ALL
CURBLESS STREETS
TO CONNECT
TO SURROUNDING
BUSINESSES
QUALITY
MATERIALS
“SPLASHPAD”
FOUNTAIN
FLEXIBLE STAGE FOR
SATURDAY MARKET
AND PUBLIC USEPark Blocks
up to $9M
Farmers Market
up to $11M
City Hall
TBD
Right of Way
up to $5M
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Revenue Scope/Phasing
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8
SCHEMATIC
DESIGN
DESIGN
DEVELOPMENT
CONSTRUCTION
DRAWINGS
BIDDING
Investigation of program, constraints,
performance targets
Done!
Initial building design based on concept;
outline of building systems; initial cost estimate
Current phase
Refinement of design; design of details;
selection of materials; refined cost estimate
Spring/Summer 2020
Documentation of design for contractor
bidding, permits and construction
Summer/Fall 2020
CONSTRUCTION
CONCEPT
DESIGN
Subcontractor bidding to establish
Guaranteed Maximum Price (GMP)
Fall 2020
Early 2021 –Spring 2022
9
Potential Town Square Funding Options
1)Asset Sales
2)Downtown Urban Renewal Funds
3)Donations
4)Energy Incentives
5)General Capital Transfer
6)General Obligation Bonds
7)General Fund Reserves
8)Grants
9)Local Option Tax Levy
10)Parking Funds
11)Systems Development
Charges
12)Telecommunications Tax
Funds
13)Other Miscellaneous Funds
10
MARKET PAVILION
FOR YEAR-ROUND
USE
UPGRADED
UTILITIES
TO HANDLE
EVENT NEEDS
IMPROVED
ACCESSIBILITY
FOR ALL
CURBLESS STREETS
TO CONNECT
TO SURROUNDING
BUSINESSES
QUALITY
MATERIALS
“SPLASHPAD”
FOUNTAIN
FLEXIBLE STAGE FOR
SATURDAY MARKET
AND PUBLIC USEPark Blocks
up to $9M
Farmers Market
up to $11M
City Hall
TBD
Right of Way
up to $5M
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