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File Number: 24-021 1.Community Meeting - Senior Community Center: 07/06/2022 2.Community Meeting - San Leandro Public Library: 07/09/2022 3.Community Meeting - Marina Community Center: 07/13/2022 Financial Impacts Sufficient funds are included in the Fiscal Year 2024-2025 General Fund budget for the design phase of this project. The estimated Phase 1 project cost is shown below. Only City costs are shown, the cost of improvements such as relocation of the boat launch ramp that are the responsibility of Cal Coast are not shown. Design and Bid: $5,000,000 Marina Deconstruction & Park Construction $40,500,000 Project Contingency $5,000,000 Utility company fees and permits $500,000 Construction Management and Inspection:$2,000,000 Total $53,000,000 This Council action will not impact the current fund balance because there are funds available in the FY 2023-2024 adopted budget as follows: Capital Improvement Fund, Account 210-57-203:$7,906,849 The funds listed in account 210-57-203 include a down payment from Cal Coast for land purchase. The City will receive an additional $24,888,000 from Cal Coast to complete the land purchase. Approximately $20,200,000 of additional funding will be required to construct Phase 1 of this project. The project costs and funding shortfall are based on a mid-point of construction in September 2025. Park Development Fees and General Fund revenue may be used to fund this project. In addition staff will apply for any grants for which the project qualifies. Annual income from the property leases and hotel transfer tax can partially offset any General Funds used for the work. Attachments Att A: Resolution CSA Gates and Assoc Att B: CSA Gates Scope of Work Att C: CSA Gates Compensation Schedule PREPARED BY: Nick Thom, Assistant Public Works Director, Public Works Department Page 5 City of San Leandro Printed on 2/14/2024