HomeMy WebLinkAbout5A6 Budget Request (Ignition Park Charging Station)
Redevelopment Commission Agenda Item
DATE: June 25, 2020
FROM: Dan Buckenmeyer, Director of Business Development
SUBJECT: Budget Request – Ignition Park Vehicle Charging Stations/Parklet
Which TIF? (circle one) River West; River East; South Side; Douglas Road; West Washington
PURPOSE OF REQUEST: Funding for the construction of improvements in the amount of $250,000.
Specifics: This is a joint project with the City and AEP. AEP will be contributing car charging
stations and electrical infrastructure; the City’s contribution is a parking lot in
Ignition Park to house the charging units. In the spirit of working to meet future
demand for additional charging stations, and for the provision of an amenity
central to Ignition Park, the project will build for expansion and create a parklet
with parking areas for two food trucks. This will create a meaningful central
amenity for Ignition Park companies and their employees and contribute to the
attraction of new developments and employers to Ignition Park.
INTERNAL USE ONLY: Project Code: _______________________________________________;
Total Amount new/change (inc/dec) in budget: _$250,000; Break down:
Costs: Engineering Amt: _$25,000______________; Other Prof Serv Amt_________________;
Acquisition of Land/Bldg (circle one) Amt: ___________; Street Const Amt $225,000________;
Building Imp Amt_________; Sewers Amt_________; Other (specify) Amt: ________________
___________________________________________. Going to BPW for Contracting? Y/N
Is this item ready to encumber now? ____ Existing PO#________ Inc/Dec $_____________