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EXHIBIT B
<br />BUDGET ESTIMATE
<br />The EAA will fund approximately 50% of the total cost of Project Design, in an amount not to
<br />exceed $195,906; approximately 50% of Construction Phase Services, in an amount not to exceed
<br />$19,540; and will fund a portion of Construction, in an amount not to exceed $404,537. Table B-
<br />1 depicts the estimated cost breakdown between the City, Texas State, and the EAA for the entire
<br />cost of Phase 1. [Note: Table B -1 is intended to demonstrate the FAA's reimbursement schedule.
<br />Texas State's financial participation will be subject to a separate agreement between the City and
<br />Texas State. ]
<br />Table B -1
<br />Over the term of this Contract, the EAA will reimburse eligible expenses in an amount not to
<br />exceed $206,661, annually. To be eligible for reimbursement, expenses must have been incurred
<br />during the term of this Contract.
<br />If the EAA's responsibility to reimburse eligible expenses is less than $206,661 in a given year,
<br />the amount of the difference between the eligible expenses and the maximum annual
<br />reimbursement amount may be used to adjust the maximum annual reimbursement amount(s). For
<br />example, if total eligible expenses are $200,000 in the first year, $6,661 may be added to the
<br />subsequent year maximum reimbursement amount for a total of $213,322.
<br />I:3I
<br />City of San
<br />Marcos
<br />Texas State
<br />EAA
<br />TOTAL
<br />Project Design
<br />Preliminary design
<br />$
<br />35,180
<br />$ 17,579
<br />$ 52,760
<br />$ 105,519
<br />Permitting
<br />13,364
<br />6,678
<br />$ 20,042
<br />$ 40,084
<br />Final design
<br />82,087
<br />41,018
<br />$123,105
<br />$ 246,210
<br />SUBTOTAL (Design)
<br />$
<br />130,631
<br />$ 65,275
<br />$195,906
<br />$ 391,812
<br />Project Construction
<br />Construction phase services
<br />$
<br />13,027
<br />6,514
<br />$ 19,540
<br />$ 39,081
<br />Construction
<br />1,066,411
<br />533,206
<br />$ 404,537
<br />$ 2,004,154
<br />Contingency
<br />400,914
<br />200,333
<br />$ -
<br />$ 601,247
<br />SUBTOTAL (Construction)
<br />$
<br />1,480,352
<br />$ 740,052
<br />$ 424,077
<br />$ 2,644,482
<br />TOTAL
<br />$
<br />1,610,983
<br />$ 805,327
<br />$ 619,983
<br />$ 3,036,294
<br />Over the term of this Contract, the EAA will reimburse eligible expenses in an amount not to
<br />exceed $206,661, annually. To be eligible for reimbursement, expenses must have been incurred
<br />during the term of this Contract.
<br />If the EAA's responsibility to reimburse eligible expenses is less than $206,661 in a given year,
<br />the amount of the difference between the eligible expenses and the maximum annual
<br />reimbursement amount may be used to adjust the maximum annual reimbursement amount(s). For
<br />example, if total eligible expenses are $200,000 in the first year, $6,661 may be added to the
<br />subsequent year maximum reimbursement amount for a total of $213,322.
<br />I:3I
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