HomeMy WebLinkAboutFire EMS Station No. 1 presentation 04-03-17Westlake Fire-EMS
Station No. 1 Update
APRIL 3, 2017
Where We’ve Been & Where We Are
5 year CIP Approved by Council
Site study
5 acre Land Acquisition
Fire-EMS Town Forum
Bond Proceeds $9.2
Hired BRW -Architect
RFQ -Core Construction
Currently in Design Phase
Westlake Fire-EMS Station No. 1
Council Direction
Iconic Design
Definition of Iconic
Widely known and acknowledged especially for
distinctive excellence
Westlake Iconic Fire –EMS Station
Westlake Iconic Fire –EMS Station
Westlake Iconic Fire –EMS Station Floor
Plan
What Does Iconic Consist of?
18,070 square feet to include:
Exterior -clay tile roof with multiple elevations, stone walls, stone
retaining walls
Eco-Friendly/Native landscape
Four bays
Living quarters
Offices
Conference room
Fitness room
Multi-Purpose Community/Training /EOC
Lobby Area
Funding a Westlake Iconic
Fire-EMS Station No. 1
Total Project Costs $ 11,960,000
Bond Proceeds 9,200,000
Variance 2,760,000
Sale of 6 acre tract (1,200,000)
Variance 1,560,000
7 Year Tax Note (1,500,000)*
Variance 60,000
Fund Balance _ (60,000)
Balance $-0-
Note repayment
*7 Year Tax Note Payments (annual)$ 230,000
Why This Combination of
Cash/Debt Financing?
Utilize one-time cash funds (reduces amount of debt issuance) and
issue short-term debt for remainder
Forecast of residential construction indicates we can absorb most
of Principal and Interest payment
Saves for debt capacity for future projects
Provides flexibility for unfunded (under discussion) capital projects
Next Steps
Meeting with Team on Tuesday
Community Forum –April/May
Funding –Approved April 24 at TC Meeting
Approve GMP –August/September 2017
Open in Fall of 2018
Questions?
Fire Station verses
A Westlake Iconic Fire Station
16-Sep 17-Feb Base
Construction Cost $6,600,000 $9,400,000 $7,800,000
Sq. ft. Cost Const. only 412 500 433
Sq. ft. Cost All In 575 664 575
Soft Cost $2,300,000 $ 2,300,000 $ 2,700,000
Owner Contingency $ 260,000 $ 260,000 $ 260,000
Total Project Cost $9,160,000 $11,960,000 $10,360,000