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Splash pad project now estimated at $1.5 million; finance director says general fund can cover transfer
Summary
Finance director reported the city's splash pad project now forecasts $1.5 million in total costs due to added restroom construction, demolition and inflation; staff will request additional funding and discussed related park projects, audit timing, investments and ambulance-billing follow-up.
The Tiffin Finance Committee heard an update on the proposed splash pad and related park projects and was told the full project is now forecast at about $1,500,000.
The finance director said the splash pad itself may have originally been estimated at roughly $500,000 but the addition of new restrooms (partly grant-funded), demolition, design work and construction inflation pushed the total to about $1.5 million. The director said the city issued purchase orders beginning in 2022 for design work and demolition; those encumbrances were carried forward, so while the mayor and administration plan to ask the committee for roughly…
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