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Financial Impact: <br /> GameTime notified the City on August 27 that the City had been awarded a matching grant in the amount of <br /> $32,380. The grant covers '/2 of the cost of the playground structure (this does not include the cost of individual <br /> pieces)that the committee has chosen. A fifty percent match is required from the City. Grant funds must be pre- <br /> paid for a full matching grant. Projects must ship prior to December 31, 2012 in accordance with the terms of <br /> the grant. <br /> Explanation: <br /> Playgrounds have an expected life of 15 years on our Capital improvement Budget(non-fleet replacement plan). <br /> Hansen playground is 17 years old and was scheduled to be replaced in 2011. This equipment is old and is showing <br /> its age and needs to be replaced. Hansen Park is New Brighton's signature Park and the new equipment will be a <br /> wonderful addition to Hansen. The committee is planning a community build on a future Saturday and plans to <br /> install this playground this fall. <br /> Costs and Funding: <br /> The quotes include the cost of the playground structures; stand-alone play features(swing posts, swings & chains, <br /> Net Climber, Sky Runner, Tire Swing and Tot Discovery Cave which are not part of the matching grant offer), <br /> freight, and taxes; and the grant(discount) amount. The committee finalized their decision on GameTime based on <br /> the quality of equipment, high number of play features, notification of receiving the grant funding and their desire <br /> to get the best value for their money. There is $72,100 budgeted in the non-fleet replacement budget to replace <br /> Hansen Playground. Park Dedication funds will be used to pay the difference ($4,719.94) between the total cost <br /> and available funds in the capital fund. <br /> GameTime Costs Freight Ground Grant Total Cost to <br /> and Tax Materials Awarded (total City <br /> saved by City) <br /> Playground $64,760 $7,338.70 $47 (owners kit) $32,380 $39,765.70 <br /> Structure <br /> Stand Alone $29,787.63 $3,366.61 $3,900 D/A $37,054.24 <br /> Equipment <br /> TOTAL: $76,819.94 <br /> 0/ <br /> Chris Wolla <br /> Parks Superintendent <br />