Page 165 - Euless ORD 2360 Adopted FY 23-24 Budget

PROJECT TITLE: REDEVELOPMENT PROJECT CODE: CM0804

NET EFFECTS ON OPERATING AND TOTAL ESTIMATED CAPITAL COST:
MAINTENANCE COST (+ OR -) ANNUAL:
Land Acquisition 11, 354, 868
Direct Ooeratina Cost Demolition 600, 194
Personnel: Full Time Minor Apparatus 197
Part Time 0 Incentives 10, 000
Total Salary 0 Revitalization Target Area # 1 150, 000
Purchase of Services Other Professional Services 463, 913
Materials & Supplies Improvements 75, 000
Utilities

Subtotal: 0 Total Estimated Capital Cost 12, 654, 172
FUNDING SOURCE:
Maintenance Costs Transfer from:
General Fund 3, 755, 000
Car Rental Operating/ CIP Fund 6, 700, 000
Miscellaneous Other 699, 172

0
Subtotal: 0 Additional Funding Needed:
Transfer from:
Car Rental Fund 1, 500, 000
Total Estimated Annual Cost 0 Total Funding 12, 654, 172

CURRENT STATUS
OVER/ UNDER
PHASE/ FUNDING SOURCE BUDGET EXPENDED BUDGET (- +) EXPENDED
Land Acquisition 11, 354, 868 $ 8, 467, 527 $ 2, 887, 341 75%
Demolition 600, 194 $ 467, 908 $ 132, 286 78%
Minor Apparatus 197 $ 167 $ 30 85%
Incentives 160, 000 $ 160, 000 $ 0 100%
Professional Services 463, 913 $ 447, 521 $ 16, 392 96%
Improvements 75, 000 $ 45, 159 $ 29, 841 60%

TOTAL PROJECT 12, 654, 172 $ 9, 588, 282 $ 3, 065, 890 76%

Ordinance No. 2360, Page 165 of 326

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