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Building Funds Overview and Analysis

Comprehensive review of current and expected building funds allocation, utilization status, and future projections. Details sources, uses, and shortfall.

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Building Funds Overview and Analysis

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  1. M&O Building - Source & Use Update • Available Building Sources of Funds: • FY2010 State of Good Repair (5309) $39,000,000 • FY2013/FY2014 Urbanized Area Apportionment (5307) $6,140,385 • FY2013/FY2014 Bus and Bus Facilities Apportionment (5339) $919,230 • Total Current Building Sources of Funds $46,059,615 • Expected Building Sources of Funds (Summer 2015): • FY2015 Urbanized Area Apportionment (5307) $3,512,339 • FY2015 Bus and Bus Facilities Apportionment (5339) $467,542 • Total Expected Building Sources of Funds $3,979,881 • Other Building Sources of Funds (CY2015): • Sale of 287 Grove Street (estimate) $5,000,000 • Total All Sources of Funds $55,039,496

  2. M&O Building - Source & Use Update • To-Date Building Use of Funds: • Land Acquisition, Appraisals, Title Insurance & Legal $2,007,070 • Architect, Engineering and Owner’s Project Manager Services $4,070,371 • Construction and Construction Management $3,672,329 • Total To-Date Use of Funds $9,749,770 • Obligated Building Use of Funds: • Architect, Engineering and Owner’s Project Manager Services $3,573,085 • Construction and Construction Management $21,288,900 • Total Obligated Building Use of Funds $24,861,985 • Total Use of Funds $34,611,755

  3. M&O Building - Source & Use Summary • Total Current Available Source of Funds$46,059,615 • Use of Funds – To-Date, Obligated and Unobligated$34,611,755 • Use of Funds - Weathertight Building Projections $6,027,697 • Total Use of Funds Until Weathertight $40,639,452 • Total Available Funds After Weathertight $5,420,163 • Outstanding Awards To Be Made: $21,577,907 • HVAC, Electrical, Plumbing, Misc. Metals, • Maintenance Equipment & Other • Construction Manager, A&E and Owner’s Project Management Services – Amend $1,727,000 • Expected Future Building Sources of Funds $8,979,881 • Project Shortfall $8,904,863

  4. M&O Site Work and Remediation - Source & Use Update • Available Site Work and Remediation Sources of Funds: • Massachusetts Department of Transportation $14,000,000 • Executive Office of Energy and Environmental Affairs$2,180,000 • Total Site Remediation All Sources of Funds $16,180,000 • To-Date Site Work and Remediation Use of Funds • A&E and Owner’s Project Management Services $287,791 • Site Work & Remediation $1,490,292 • Total To-Date Site Work and Remediation Use of Funds $1,778,083 • Obligated Site Work and Remediation Use of Funds: • A&E and Owner’s Project Management Services $560,523 • Site Work (including disposal of contaminated soil) $6,381,758 • Total Obligated Site Work and Remediation Use of Funds $6,942,281 • Unobligated Site Work and Remediation Sources of Funds $7,459,636 • Additional Coal Tar and Asbestos Allowance $7,459,636

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