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Franktown Open Hearts seeks city support for stormwater work tied to new facility; staff outlines funding options
Summary
Franktown Open Hearts representatives described a planned new facility and asked for help funding required stormwater and Johnson Circle improvements estimated at approximately $9 million total construction; staff suggested CDBG and county facilities-tax funds as primary options and the general fund as a last resort.
Representatives of Franktown Open Hearts presented project details and financing status for a proposed new facility at the northeast corner of Johnson Circle and Grand Bay Street and asked the board to consider assisting with required stormwater and street improvements.
Franktown representatives said the most recent design development budget estimates total construction costs just over $9,000,000; the figure includes stormwater work and a Johnson Circle improvement package that staff later described as approximately $790,000 of the total budget.…
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