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Program Category: 08 Project # 09 Project # 10 Project # Community Service CS-35 CS-05 CS-22 Yes No NA Funding Source Accounting Code FY 10 FY 11 FY 12 FY 13 FY 14 Parking revenue bonds 2,000,000 - - 2,000,000 - - - Budgeted Funds Accounting Code FY 10 FY 11 FY 12 FY 13 FY 14 A. Land Cost B. Construction Cost 1,600,000 C. Contingencies (10% of B) 160,000 D. Design & Engineering (15% of B) 240,000 E. Percent for Art of B) F. Equipment Costs G. Other - - 2,000,000 - - - Expense Object Accounting Code FY 10 FY 11 FY 12 FY 13 FY 14 Personnel Supplies Purchased Services Fixed Charges Capital Outlay Debt Service - - - - - - Responsible Person: Responsible Department: Preparer's Initials Total Score Anne Guest Parking Commission ag 19 Project Title: Central Parking Ramp Expansion Date Submitted to Finance 02/25/2008 Today's Date and Time 06/01/2009 12:59 The impact on the Parking Commission's operating budget would be minimal in that there is already a booth attendant employed full-time. Both short-term and long-term maintenance would be minimal in that it would be incorporated into the existing maintenance plan. There would be increased utility expenses for lighting and security protection. OPERATING BUDGET COSTS Spent in Prior Years Funded in Prior Years REVENUE EXPENSE Is this equipment prioritized on an equipment replacement schedule? Are there any site requirements: How is this project going to be funded: Does this project have any additional impact on the operating budget: How is this project going to be spent: CAPITAL IMPROVEMENT PROGRAM City of Missoula CIP Project Request Form FY 2010-2014 Description and justification of project and funding sources: To construct a fourth floor on Central Park parking structure to increase parking inventory. The parking structure, Central Park, located at 128 W. Main, was built in 1990 with the internal framework to accommodate an additional fourth floor. With the growth in Missoula's downtown, a logical place to increase the parking inventory would be on top of an existing structure. Currently the three floor structure has approximately 100 spaces per floor. The fourth floor would have the capacity of approximately 80 spaces due to the nature of the construction foundation. These spaces would be disignated both public short-term and long-term use. Spent in Prior Years ---PAGE BREAK--- Program Category: 09 Project # Community Service CS-22 Yes No 1. Is the project necessary to meet federal, state, or local legal requirements? This cri- terion includes projects mandated by Court Order to meet requirements of law or other X requirements. Of special concern is that the project be accessible to the handicapped. 2. Is the project necessary to fulfill a con- tractual requirement? This criterion includes Federal or State grants which require local X participation. Indicate the Grant name and number in the comment column. 3. Is this project urgently required? Will de- lay result in curtailment of an essential ser- vice? This statement should be checked "Yes" only if an emergency is clearly indi- X cated; otherwise, answer "No". If "Yes", be sure to give full justification. 4. Does the project provide for and/or im- prove public health and/or public safety? This criterion should be answered "No" un- less public health and/or safety can be X shown to be an urgent or critical factor. Raw Score Total Range Weight Score (0-3) 5. Does the project result in maximum benefit to the community from the 3 5 15 investment dollar? (0-3) 6. Does the project require speedy implementation in order to assure its 1 4 4 maximum effectiveness? (0-3) 7. Does the project conserve energy, cultural or natural resources, or reduce 3 - pollution? (0-2) 8. Does the project improve or expand upon essential City services where such 4 - services are recognized and accepted as being necessary and effective? (0-3) 9. Does the project specifically relate to the City's strategic planning priorities or other 4 - plans? Total Score 19 CAPITAL IMPROVEMENT PROGRAM (See C.I.P. Instructions For Explanation of Criteria) Qualitative Analysis Comments Project Rating Project Title: Central Parking Ramp Expansion This project would conserve space in that there is already an existing parking structure at this location and finding an alternative location would be very difficult in the downtown area. It would maximize the investment the Parking Commissin has already made. The Parking Commission's main objective is to provide parking. Adding inventory to the parking program is difficult when there are limited opportunities in a congested downtown. This project would definitely expand on the essential services the Parking Commission is responsible for providing. These services are well recognized by the public, the retailers and business owners to be necessary for continued success and growth. Constructing a fourth floor would help preserve an important element of the infrastructure of downtown Missoula. This project supports the current Strategic Plan for the city. Specifically Goal Two, Community livability, one of the guiding principles states that a "well-planned and well- organized infrastructure is essential." Quantitative Analysis Comments Central Park is a tremendous asset to Missoula's downtown. Constructing an additional level of parking would increase the parking inventory in a very high demand location. The most significant demand is for lease parking. Currently there are approximately 50 people on the Wait List and there is very little turnover in the lease spaces. Adding another floor to Central Park would enhance the substantial investment the Parking Commisison has already committed to. Leveraged 100 % with Parking revenue bonds. Once this project receives priority status, time is of moderate importance due to the disruption that will be caused by the construction. It will be important to complete the construction as quickly as possible because of the loss of revenue from daily parking.