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Attachment A <br />Project Budget <br />Recipient: City of Elk River <br />Grant: NS11-004 Bailey Point Acquisition <br />Grant Amount: $39,000 <br />~-l~r~ou.~~Ci-ern <br />ra[ralrt <br />Acquire a 22.58-acre parcel of historic and scenic property with over 3,300 feet of natural, <br />largely untouched shoreline at the confluence of the Mississippi and Elk Rivers. <br />Notes t Conditions: <br />Within ane year, parking and trails wiN be devebped for universal access and the sale will be signed as a <br />public facility open and available for public use. <br />Part of the value of this acquisition ($20,592) will be reserved to mitigate the loss of a similar value of <br />parkland at City of Elk River -lions Park due to the construction of the Boys & Girls Club building. <br />Appraised value: <br />iti <br />ti <br />l $99,150 <br />ess m <br />ga <br />on reserve: <br />Eligible costs $24.2 <br />$78,558 <br />Grant request ~ 5096 x39,279 <br />Award (rounded: S39,Ot}0 <br />Acquire 22.58 acres <br />less mitigation reserve <br />Estimated Total Cost <br />$99,150 <br />-$20,592 <br />Total Cost $78,558 <br />~~ <br />iai iroi i <br />