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HomeMy WebLinkAboutInformational Item - Entrada del Paseo Project Costs10 L PALM DESERT REDEVELOPMENT AGENCY STAFF REPORT REQUEST: RECEIVE AND FILE INFORMATIONAL REPORT ON ENTRADA DEL PASEO PROJECT COSTS SUBMITTED BY: LAURI AYLAIAN, REDEVELOPMENT MANAGER DATE: 14 JULY 2005 Recommendation: That the Agency Board be advised of the project costs for the Entrada del Paseo development, including previously approved expenditures and estimated amounts for project completion. Discussion: At the 23 June 2005 Agency Board meeting, staff was asked to prepare a report on the costs necessary to construct and landscape the remainder of the Entrada del Paseo project. In response to that request, the following information is hereby provided: ITEM Site Infrastructure and Signage Visitor Information Center Henderson Community Building Eric Johnson Gardens (both phases) Landscaping @ Perimeter, Visitor Center, and Parking Lot EST. COST TO SPENT TO DATE COMPLETE TOTAL 3,037,300 220,000 3,257,300 4,011,700 50,000 4,061,700 151,800 3,281,200 3,433,000 800,800 740,300 1,541,100 591,100 612,500 1,203,600 TOTAL $ 8,592,700 $ 4,904,000 $ 13,496,700 This information does not include potential revenue from any future land sales, nor additional costs for infrastructure work that would be required to support such sales. Additional breakdown of any of the above items is available upon request. Submitted by: Department Head: Puri Aylaian Dave Yri en Redevelopment Manager Director f development/Housing Carlos L. Orteg ecutive Director