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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