City Council Agenda and Packet 2021 02 02

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and includes; Feasibility analysis, operational budgeting, financial planning, Functionality and design optimization, facilitation of business and liquor licenses, and further management support for hiring and retaining future staff. In addition to our project, EVG is currently providing services to 2 operating food halls and 4 in development. Greg Topel's resume is available by request. 3. Detailed Description of Request for Assistance: Applicant is seeking assistance for work in the public Right of Way, including improved 8ft wide sidewalks, new curb and gutter, new street trees, new 8ft tree lawn, new street lighting, new access agreement for sidewalk, cut and patch & repair public street and internal street for relocating and replacing public watermain, and revised and wider utility easement. Estimated Assistance Request: $ 45,316 Construction Cost (itemized construction estimate is attached) $ 37,175 Construction estimate cost for replacing and relocating watermain. $ 18,767 Soft Costs (Professional fees and $5,767 estimated city taxes and fees) $ 10,500 Estimated Xcel Cost — New street light and extend service $ 10,000 Contingency $ 134,758 Total Estimated Cost 4. Description of the community benefits resulting from the Project, including the blight conditions the project will address (complete Attachment D with description): One fact is evident: the existing structure and site at 511 South Boulder Road has long outlived its lifespan and is in unequivocal need of renewal. This building has been vacant for many years and has sustained extensive structural damage; the roof requires total replacement, damage to the foundation has caused walls to shift and crack, and the site overall has poor drainage. As this is the prominent site for the Village Square Shops with respect to South Boulder Road, its vacancy has depressed visitor traffic to the neighboring shops and stores, causing a larger economic depression for the area. The existing structure has poorly lit and unlit areas, cracked and uneven sidewalks, poor drainage and an accumulation of trash, graffiti, weeds and animal feces. People use the site for parking and illegal vehicle storage (RVs and jet -skis). Additionally, there are numerous reports of vandalism and vagrancy connected to this site. The existing structural damage in the building's wall, floor and roof, as well as poor original roof design, has led to prolonged interior water damage. Repairing the extent of structural damage would be a financial burden and cost more than building anew. Evidence of some environmental cleanup and mold mitigation can been seen in the interior but would need to remove most of the interior partition walls due to moldy carpets that are still in place. Third party reports indicate existing Roof and HVAC systems are deteriorated and non-functioning, needing to be fully replaced. 2 1 P a g e