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City Hall/Police <br />Description Cost <br />Equipment $346,800.00 <br />Ventilation $45,900.00 <br />Piping $192,354.00 <br />Plumbing $0.00 <br />Fire Protection $4,800.00 <br />Controls $47,520.00 <br />Demolition $24,000.00 <br />Contingency Allowance $132,274.00 <br />Total $793,648.00 <br />Public Works Admin & Vehicle Storage <br />Description <br />Equipment <br />Ventilation <br />Piping <br />Plumbing <br />Fire Protection <br />Controls <br />Demolition <br />Contingency Allowance <br />Total <br />Cost <br />$483,600.00 <br />$147,000.00 <br />$151,200.00 <br />$0.00 <br />$24,000.00 <br />$110,880.00 <br />$24,000.00 <br />$188,136.00 <br />$1,128,816.00 <br />Public Works - North & Parks Storage Garages <br />Description <br />Equipment <br />Ventilation <br />Piping <br />Plumbing <br />Fire Protection <br />Controls <br />Demolition <br />Contingency Allowance <br />Total <br />Grand Total <br />Cost <br />$205,200.00 <br />$29,400.00 <br />$45,000.00 <br />$0.00 <br />$4,800.00 <br />$31,680.00 <br />$6,000.00 <br />$64,416.00 <br />$386,496.00 <br />$2,308,960.00 <br />At today's energy rates and construction costs, the geothermal system extension would payback <br />in 30 years based on predicted energy savings. However, by taking advantage of this 50% <br />matching grant, and considering current HVAC equipment depreciation ($740,400), payback to <br />the City would be only 12 years on an investment of $1,154,480. <br />STAFF RECOMMENDATION <br />Authorize staff to apply for a 50% matching grant through the Federal Stimulus Recovery <br />Act/Geothermal Technical Program for extension of the existing geothermal energy system to <br />the maintenance building and city hall. <br />Page 2 of 3 <br />