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• To the extent jointly identified by the parties, any mold remediation needed in the <br />existing facility <br />• Remove and replace TV Platforms at Holman Stadium (County may provide camera lifts <br />as needed for Holman Stadium events) <br />Verotown Improvements <br />• A new indoor training facility, which will include; <br />o Indoor turf infield <br />o Multiple batting cages/tunnels <br />o Classrooms <br />o Office space <br />o Any demolition need to make room for facility <br />• Initial WiFi upgrades <br />• Initial security upgrades including security cameras and keycard entry to buildings <br />• Fire safety upgrades <br />• Replace entire seating bowl at Holman Stadium <br />• Upgrade covered dugout areas at Holman Stadium <br />• New Scoreboard at Holman Stadium <br />• Padded outfield fences at Holman Stadium <br />• NCAA -approved standard turf baseball field <br />• Initial hotel room upgrades including carpet and bed replacement <br />• Kitchen replacement including reconstructed/renovated dining and preparation areas and <br />new kitchen equipment <br />• Initial signage installation throughout facility <br />Staff's financing plan is summarized below: <br />• Partial payoff of 2001 Spring Training Bonds with 4th Cent Tourist Tax Reserves <br />(—$1,125,000). This will leave only the State payments of $500,000/ remaining for debt <br />service. <br />• Utilize Debt Service Reserves from Half -Cent Sales Tax for a portion of County <br />Improvement expenses (—$1,700,000). <br />• Utilize funds budgeted for Dodgertown Roofs in FY 17/18 ($450,000), FY 18/19 <br />($300,000), and FY 19/20 ($300,000) for a portion ($1,050,000 total) of County <br />Improvement expenses. <br />• Allocate One Cent Sales Tax reserves for remainder of County Improvement expenses in <br />FY 19/20 and FY 20/21 ($2,175,000 total). <br />• The Board approved FY 18/19 Capital Improvements Element fully funds the $4,925,000 <br />deferred maintenance items. <br />• Capital Reserve Fund — Years 1-5 = $800,000/year, Years 6-11 = $400,000/year (as <br />adjusted for inflation. <br />o Years 1-3 utilize 4th Cent of Tourist Tax ($650,000/year) with remainder from <br />One Cent Sales Tax ($150,000) <br />o Years 4-11 utilize 1/2 of 4th Cent Tourist Tax ($325,000/year) with remainder from <br />One Cent Sales Tax ($475,000/year in Years 4-5 and $75,000/ year in Years 6-11) <br />4IPage <br />141 <br />