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Finance Director Development Improvement Federal Office Building Capital <br /> Project Manager Project Category Project Title Improvement <br /> Projects <br /> $ 5,900,000 N/A N/A Sheet <br /> Total Cost Budget Subprogram Project Number <br /> PRIOR <br /> <br /> Costs APPROPRIATIONS 2006-2007 2007 - 2008 2008 - 2009 2009 - 2010 2010 - 2011 5 Year Total <br /> Land and Right-of-Way $ - <br /> Design and Engineering $ 590,000 $ 590,000 <br /> Construction $ 3,500,000 $ 1,810,000 $ 5,310,,000 <br /> Other $ - <br /> TOTAL $ - $ 4,090,000 $ 1,810,000 $ - $ - $ - $ 5,900,000 <br /> Funding Source(s) <br /> Other $ 4,090,000 $ 1,810,000 $ 5,900,000 <br /> $ - <br /> TOTAL $ - $ 4,090,000 $ 1,810,000 $ - $ - $ - $ 5,900,000 <br /> Project Description: <br /> This project will assist in the construction of a consolidated office facility for Bureau of Land Management in cooperation with the US Forest Service and Oregon <br /> Department of the Military (National Guard). The City will execute a bank loan for the entire project cost, with the debt service secured by the collection of lease <br /> revenue from a 10-year lease to the BLM. The building will be located on land owned by the Department of the Military and the atenancy-in-common agreement <br /> held with the City for the site of the BLM facility. <br /> Justification: <br /> These agencies are hoping to consolidate office facilities to increase operating efficiency. City of Springfield has agreed to facilitate construction within City <br /> limits. <br /> Relation to Plans: <br /> This building addresses the facility plans of these agencies and conforms to Springfield Land Use Plans. <br /> Maintenance Impacts: <br /> Maintenance of this facility will be conducted through contract services completely paid for by rents collected from the agencies occupying the facility. <br /> Page I-70 <br /> <br />