THOUSAND OAKS AND NORTHWOOD BIDS

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Project Financial Status Thousand Oaks Community Park Restroom and Storage Building In April 2016, the Board approved an Amendment to the District's Memorandum of Understanding (MOU) with Conejo Valley United Soccer Club (CVUSC), which updated CVUSC's permitted use of District fields, extended the term of the MOU until June 2024, and provided $50,000 from CVUSC towards the Thousand Oaks Community Park Restroom and Storage Building Project. Additionally, Conejo Disc Golf Club, a regular user of the Rabbit Flats Disc Golf Course at Thousand Oaks Community Park, has pledged a donation of $1,000 towards the same project. FY 16117 BUDGET CIP Budgeted Funds Thousand Oaks Community Park Restroom Building _ _ _ $ 275,000 Revenue from CVUSC and CDGC $ 51,000 Transfer to Northwood Neighborhood Park Project _ _ ($ 76,000) TOTAL BUDGET $ 250,000 FY 16117 COSTS PAID TO DATE Thousand Oaks Community Park as of 10/25/2016 $ 4,400 PROJECTED COSTS Construction United Construction and Landscape $ 225,000 Soils Engineer Construction Review and Inspections $ 6,000 Construction Contingency (approx. 6.5% $ 14,600 TOTAL COSTS $ 250,000 FY 16/17 PROJECTED BALANCE $ 0 Northwood Neighborhood Park Phase 3 Development Staff is recommending an additional appropriation of $299,000 from Turf Conversion Accounts to provide a complete project, including the Northwood Neighborhood Park Phase 3 Development (restroom, playgrounds, sand volleyball and basketball courts) and landscaping of turf conversion area. Completing the project as noted will provide the final phase of work for the neighborhood park development. At the April 2016 Board retreat, the Board discussed utilizing up to $2,000,000 of Unassigned Fund Balance towards future capital projects. As a result, staff is recommending appropriating $375,000 of the approximate remaining $725,000 towards this project, leaving a balance of approximately $350,000 in Unassigned Fund Balance for future capital projects.