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Program Category: 08 Project # 09 Project # 09 Project # Community Service CS-36 CS-06 CS-23 Yes No NA Funding Source Accounting Code FY 10 FY 11 FY 12 FY 13 FY 14 MPC bond/private/other. Funding is yet 3,500,000 to be determined but it will be a combination of Parking bonds and private money Other/Private 6,000,000 - 9,500,000 - - - - Budgeted Funds Accounting Code FY 10 FY 11 FY 12 FY 13 FY 14 A. Land Cost B. Construction Cost 7,500,000 C. Contingencies (10% of B) 750,000 D. Design & Engineering (15% of B) 1,125,000 E. Percent for Art of B) F. Equipment Costs G. Other - 9,375,000 - - - - Expense Object Accounting Code FY 10 FY 11 FY 12 FY 13 FY 14 Personnel 20,000 20,000 20,000 20,000 Supplies Purchased Services Fixed Charges Capital Outlay Debt Service - 20,000 20,000 20,000 20,000 - Responsible Person: Responsible Department: Preparer's Initials Total Score Anne Guest Parking Commission ag 31 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: Construction of a 250 space parking structure to meet the demands of the developemnt on this site. On 5-15-03, the Board of Directors of the Missoula Parking Commission (MPC) voted to approve the Parking Commission's participation in the Riverfront Triangle project. The Parking Commission will participate in the discussions as to the role MPC can play in financing and/or managing parking for the demands of the project. It will be important to offer parking for both the site development as well as for public use. There is increasing demand for public parking in this area and this demand will grow with Orange Street becoming a major gateway into the downtown area. Spent in Prior Years OPERATING BUDGET COSTS Spent in Prior Years Funded in Prior Years REVENUE EXPENSE Project Title: Riverfront Triangle Parking Structure Date Submitted to Finance 02/25/2008 Today's Date and Time 06/01/2009 13:01 Description of additional operating budget impact: ---PAGE BREAK--- Program Category: 09 Project # Community Service CS-23 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 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 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 2 4 8 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 1 4 4 plans? Total Score 31 No. This project definitely improves and expands upon essential City services in an area that will require great consideration to the parking demand created by this project. The improvements to this site will encourage greater use of the trail system by pedestrians and bicyclists. This will promote the use of alternative transportation that is a specific item in Goal 2 - Community Livability. Quantitative Analysis Comments The Riverfront Triangle Project would be a great benefit to the community as a whole and in particular to the downtown area. There is already a noted demand for parking in this area and it would only increase with the developemnt of office, retail and residential space. This project would enhance the vitality of Missoula's downtown. Once MRA administers an RFP for potential developers, the Parking Commission's role in this project will be more clearly defined. Because the Riverfront Triangle parking structure would be built underground, the construction of this facility would need to be accomplished first then followed by the development and construction of the office, retail, residential and public facilities. CAPITAL IMPROVEMENT PROGRAM (See C.I.P. Instructions For Explanation of Criteria) Qualitative Analysis Comments Project Rating Project Title: Riverfront Triangle Parking Structure