2004 Performance Based Budget - Laserfiche WebLink

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MAJOR CAPITAL PROJECT DESCRIPTION FOR SEARS 2005 - 2008 Activity Date 2005 125 000 TOTAL $125,000 Proiected Ongoing_Operatin~ Cost Impact There are no additional operating costs anticipated. Regional Aquatics Facility $16,038,200 (2005, 2007) This project consists of the acquisition of vacant land and construction of a 4,000 bather capacity f~xnily aquatics center. This facilitywill serve as a major recreational-entertainment center for South Bend and the surrounding area. The planning and construction of this facility will take two to three years to complete. The City is currentlypursuing the possibility ofthis becoming a j oint prof ect with the County. This would be funded through the issuance of a general obligation bond (either by the City or by the County if it became a joint project) and thus would be subject to a petition/remonstranceproces (allowing taxpayers to voice their level of support for this prof ect prior to commencing with this major capital expenditure). Activity Date 2005 $15,038,200 2007 1,000,000 TOTAL $16,038,200 Funding Source Park General Obligation Bond, Facility Capital Revenues Projected On oing_Operating Cost Impact The projected operating cost ofthis facility, open from June 1 to September 1, and staffed by more than 250 people will total approximately $1.25 million on an annual basis. The projected annual revenue is $1.5 million with the net profit €;oing to the facility's non-reverting capital fund. Potawatomi Zoo -African Savannah Exlhibit $800,000 (2005) This project would entail the renovation of ~~he current African Hoofstock exhibits to accommodate giraffe and 2 - 4 other large animal species (i.e. antelope, ostrich, cattle). Fundin S Potawatomi Zoological Society Fund Activi , Date 1Zaising(P.Z.S.), Park Department 2005 800 000 TOTAL $800,000 D-43