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Funding and Bid Structure Recommendation <br />Scenario 1:Bid Project as One Base Bid as Designed <br />Construction/Bid Estimated Cost: $ 451,000 <br />Total Estimated Cost : $ 526,097 Grant/Match <br />Eligible <br />Not Grant <br />Eligible <br />Total <br />With Funding Currently Secured Funding Available $ 280,000 $ 10,000 $ 290,000 <br />Unfunded $ 120,000 $ 116,097 $ 236,097 <br />With Funding Committed / <br />Projected <br />Funding Available $ 400,000 $ 10,000 $ 410,000 <br />Unfunded $ 116,097 $ 116,097 <br />Scenario 2:Bid Trail related items as Base Bid. Bid Vault <br />Toilet, Shade Structure and 3 of the Tables Bid <br />Alternates <br />Construction/Base Bid Estimated Cost: $ 268,290 <br />Total Estimated Cost W/O Alternates : $ 343,387 <br />Bid Alternate A: Vault Toilet: $ 75,000 <br />Bid Alternate B: Picnic Structure and Tables: $ 91,100 Grant/Match <br />Eligible <br />Not Grant <br />Eligible <br />Total <br />With Funding Currently Secured Funding Available $ 280,000 $ 10,000 $ 290,000 <br />Unfunded $ 20,418 $ 32,969 $ 53,378 <br />With Funding Committed / <br />Projected <br />Funding Available $ 350,209 $ 10,000 $ 360,209 <br />Unfunded + $ 49,791 $ 32,969 +$ 16,822 <br />Staff <br />Recommendation <br />-The shade <br />structure, vault <br />toilet and 3 of the <br />picnic tables be <br />bid as alternates. <br />-Final decision on <br />inclusion at Award <br />based on bid cost <br />and funding <br />availability. <br />No.Source Amount Committed / <br />Projected <br />Amount Available Comment <br />1 Park Dedication Fund $ 80,000 $ 80,000 <br />2 Big Island Legacy-Donations $ 120,000 $ 60,000 <br />3 Grant $ 200,000 $ 140,000 Match required, 10% limit for design <br />4 Other Donations $ 10,000 $ 10,000 For Construction Oversight <br />Total $ 410,000 $ 280,000