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Elk River YAC ShadeProject Contract Cost (Equip+Install) <br />Equipment List Price 101,546.10$ <br />Discount 5%)(5,077.31)$ <br />Skyways Templates (12)2,295.00$ <br />Return 988.13$ <br />Shipping 3,530.00$ <br />Total Equipment Contract Price (LSI)103,281.92$ <br />Total Installation Contract Price (Flagship)43,037.43$ <br />Total Equipment + Installation Contracts 146,319.35$ <br />Proposed Equipment Return/Refund <br />Customer Equipment Return/Refund 117,055.55$ 80% <br /> *Refund to City by LSI+Flagship (Prior to 12/31/25) <br />**Proposed refund approach includes removal of existing shade posts by Flagship Recreation <br />City of Elk River (Sunk Project Costs)29,263.80$ 20% <br />Page 55 of 99