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South Tower Improvements Memorandum December 11, 2023 Page 7 Potential Grant Funding Possible funding options were reviewed for the project are discussed below. Ramsey County administers the Urban Area Security Initiative (UASI). This program provides funding to enhance regional preparedness and capabilities in designated high -threat, high -density areas. The security improvements portion of the project may qualify for the grants funded through UASI. Funding applications are due in January 2024. Small Cities Development Program, administered by the Minnesota Department of Employment and Economic Development, helps cities and counties with funding for housing, public infrastructure and commercial rehabilitation projects. Application process opens in August typically, and awards are completed in April of the following year. Although not a grant, another source of funding is the Drinking Water Revolving Fund (also called the Drinking Water State Revolving Fund). It helps communities build drinking water storage, treatment and distribution systems that comply with standards in the Safe Drinking Water Act. Administered jointly by the Minnesota Public Facilities Authority and the Minnesota Department of Health, the fund provides below -market -rate loans to upgrade and construct public drinking water systems. Applications are due in the spring each year and selections finalized typically around September. Opinion of Probable Cost The estimated opinion of probable cost (EOPC) for the project is $379,440. A cost breakdown is included in Table 1. Description Unit Quantity Unit Cost Extension Mobilization / Demobilization LS 1 $ 28,495 $ 28,495 Site Preparation LS 1 $ 15,000 $ 15,000 Tank Structural Repairs LS 1 $ 9,700 $ 9,700 Interior Wet Coating Repairs LS 1 $ 63,500 $ 63,500 Interior Dry Coating repairs LS 1 $ 85,000 $ 85,000 Perimeter Fencing (galvanized) LF 600 $ 55 $ 33,000 Pivot Gate EA 1 $ 20,000 $ 20,000 Slide Gate EA 1 $ 7,500 $ 7,500 Person Gate EA 1 $ 3,500 $ 3,500 Bollards EA 4 $ 500 $ 2,000 Lower Level Access Hatch LS 1 $ 10,000 $ 10,000 Card Reader Access System LS 1 $ 35,000 $ 35,000 Intrusion Alarm EA 1 $ 3,500 $ 3,500 Subtotal $ 316,200 Contingency (20%) $ 63,250 Total Capital Cost Estimate $ 379,440 The EOPC should be considered a Class 3 estimate (plus 30%/minus 15%) based on standards established by the Association for the Advancement of Cost Engineering (AACE) and American Society for Testing and Materials (ASTM). The EOPC was developed using information from similar projects and the consulting team's experience and judgment. The EOPC will change as more information becomes available and the level of design detail is refined. 1