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5.1 ERMUSR 03-11-2025
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5.1 ERMUSR 03-11-2025
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3/14/2025 3:16:51 PM
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3/14/2025 3:11:46 PM
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City Government
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ERMUSR
date
3/11/2025
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Cost Estimate <br />Estimate – $4,860,000 - $7,430,000* <br />*This is an all-in number, including… <br />Construction Costs (Base Bid and Alternates) <br />Soft Costs (30% of Construction) <br />5% escalation (Compounding annually through 2026) <br />Funding Sources <br />Grants - $200,000 - $400,000 (6%) <br />State Funding - $2,430,000 - $3,175,000 (max. 50%) <br />Philanthropic - $892,500 - $1,627,500 (22%) <br />ERMU Contributions (Remainder) - $1,069,200 - $1,634,600 (22%) <br />Grant Funding <br />State Funding <br />Philanthropic <br />Funding <br />ERMU Contributions <br />(Remainder) <br />$0.2M - $0.4M <br />6% <br />22% <br />$0.89M - $1.63M <br />22% <br />$1.07M - $1.63M <br />50% <br />$2.43M - $3.18M <br />PRESENTED AT MEETING - LEO A DALY
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