FISCAL IMPACT STATEMENT
PROGRAM: Van Ness, Fulton, and Wishon Cycle Track
PW00926 3849
TOTAL OR ANNUALIZED
RECOMMENDATION CURRENT COST
Direct Cost $ 696,886
Indirect Cost $ 196,224
TOTAL COST $ 893,110
Additional
Revenue or Savings
Generated $ 0
Net City Cost $ 893,110
Amount Budgeted
(If none budgeted,
identify source) $2,421,100
Indirect cost consists of the following:
Preliminary Engineering $ 34,610
Construction Engineering $ 92,000
Contingency $ 69,614
Total $196,224
The Van Ness, Fulton, and Wishon Cycle Track is in Council Districts 1, 3 and 7. The project is funded by a state grant from Affordable Housing and Sustainable Communities (AHSC) program.
Amount Budgeted includes 2nd phase of the project - Sidewalks. Second phase of the project is expected to be awarded in FY2023.