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Courthouse Square <br />A Marion County/Salem Area Transit <br />Joint Development Project <br />Octobe~2000 <br />To: Board of Commissioners <br />ro2n ]ly F. Wasson, Project Manager <br />Re: Estimate of remaining funds <br />Craig Lewis, Melvin Mark and Co. , and I have collaborated to project an updated balance at the <br />conclusion of the project. Transit is behind in posting and updating the expenditure reports and <br />so we have taken a view from a"cash position" basis to view the closure. There are many <br />assumptions made in this projection and you need to keep that in mind. <br />Balance as of 8/31/00 <br />?, 52.1 o Y-~ $2,489,881....Nonvest bank Trustee <br />8p`~ --113 1,312,821....Marion Co. Treasurer <br />3~$~ 3,802,702 Total available <br />,3~~8~, 2,000,000) Earlydebtreduction <br />~~o $1,802,702 Balance of cash available <br />~ ~ 856,034 Reimbursement from base contract Streetscape <br />80,175 Reimbursement from change orders Streetscape <br />yk9,000 Reimbursement from DOE Commissioning <br />~R~,o29 <br />Z ~ $~5~;33'1 Cash balance <br />33 ~,~. '~e~~bw,.vzw~ -F~-c~-- Tra~..s .z <br />(~~na~"s~`~====~~T-rt~xsit <br />~Z~b"3~,o=-q $~;2-75;830 Balance <br />Balances bwing Pence Kelly Contract <br />~(snoo ($88;$63~) Base construction contract <br />( 88,438) Change orders ~, <br />( 72,070) Change order #~/S (not approved yet but on the way) <br />Z~43Z~~21 $}653-,~k66' Balance <br />