Laserfiche WebLink
MINIMUM SECURITY FACILITY - PHASE I1 OF THE NEW JAIL <br />The Board reviewed: the following memo dated 3/4/87: <br />TO.: Honorable Board of County DATE: March 4, 1987 <br />Commissioners <br />THROUGH: Sonny DeanKviies <br />rector <br />General Se <br />FROM: Joseph A. Baird <br />OMB Director <br />SUBJECT: Minimum Security <br />Facility - New <br />Jail Phase II <br />The following is a detailed breakdown of the estimated <br />cost of the. Minimum Security Facility - New Jail Phase II: <br />Sources of Funds <br />Initial Bond Proceeds <br />Interest Income <br />Sub -Total <br />Additional Financing Needed <br />Uses of Funds <br />Building <br />Architect Fee <br />Site Work <br />Impact Fee <br />Water,Meter,Pit & Backflow Preventer <br />Inspection <br />Furniture & Equipment <br />Miscellaneous <br />Contingency <br />Sub -Total <br />Issuance Costs <br />TOTAL EXPENSES <br />TOTAL <br />1,901,186 <br />123,372 <br />145,000 <br />60,240 <br />13,000 <br />38,000 <br />125,000 <br />8,000 <br />120,689 <br />2,534,487 <br />93,500 <br />1,300,000 <br />110,000 <br />1,410,000 <br />1,217,987 <br />2,627,987 <br />2,627,987 <br />Commissioner Eggert asked if everything is included and <br />whether staff has reviewed the site plans, and Director Baird <br />stated that he feels comfortable with these estimates. Once <br />again, the contingencies are 5% because we never know when the <br />Department of Corrections is going to come in and require a <br />change. The revenues from the 1/2 -cent sales tax were put into <br />Account #204 where the interest doesn't necessarily have to be <br />capitalized. He advised that we have approximately $1 -million in <br />unpledged sales tax, but once we do the bond issues, the <br />MAR 10 1887 <br />32 BOOK Un 7 ft,,EVv- 6 <br />