RECREATION CENTER PROJECT UPDATE
Greetings from the Recreation Committee!
Construction and permitting have been completed and opening date is scheduled for November 24, 2024.
The floor plan of the building is below:
The site plan is below:
Construction Costs:
Contract: $3,248,503.00
Additional Change Orders: $106,345.00
Minus Maintenance Building: ($320,000)
Total: $3,034,848.00
Estimated Annual Maintenance Costs:
Expand PT maintenance hours to FT: $23,000.00
Misc repairs to amenities: $7,000.00
Total: $30,000
Funding:
$2.5 million loan at 3.75% interest: Monthly payments – $18,226.72
$500,000 loan at 6.75% interest: Monthly payment- $7,510.25
Loan payments: $25,736.97/mo ($308,843.64/year)
Surplus from 2019, 2020, 2021, and 2022 Recreation Center line item in budget: Approx. $250,000