Item 9CItem 9C. Approve SPDC Matching Funds request from the Southlake DPS Citizens Association in the amount of $50,000 $100,000 for the construction of Bicentennial Park Safety Town
Chris Tribble
SDCA Matching Funds Request
SDCA is a non-profit organization seeking to assist City in constructing and operating Safety Town in Bicentennial Park
Approved as part of Bicentennial Schematic Design
Plans and Bid Documents Complete
Current Construction Estimate $463,092
- 4.3% increase over $444,000 (April 07)
- based on annual CPI for DFW
SDCA Matching Funds Request
Annual maintenance expense
$3,600 (LS/Facility maint & electrical cost)
+$2,000 every 3-4 years for repainting
Anticipate 12,000 program participants annually
Schools
Pre-schools / Day Cares
Open Enrollment Classes
Special Events
Frisco (1 ½ years over 45,000 attendees)
SDCA Matching Funds Request
Matching Funds Request $50,000 ($100,000 total)
SPDC Matching Funds ($200,000) identified in FY 2008 budget
$ 36,838 encumbered
$163,162 unencumbered
If approved unencumbered balance of $63,162 would remain
SDCA Matching Funds Request
SDCA currently has $50,000 in sponsorships
Actively seeking additional $50,000
Requesting commitment of $50,000
Allows process to begin
Bidding and construction timeframe
Parks Board recommended (8-0) at $50,000
SPDC will consider immediately prior to City Council
Questions?
Chris Tribble
(817) 748 - 8021
or
Steve Polasek
(817) 748 - 8018