Relevant points regarding Chautauqua Avenue and the proposed grant funding for the Chautauqua Avenue Green Street program:
• With or without this project, the Village must budget for the maintenance and dedicated personnel required to maintain Chautauqua Avenue on a regular basis. This should include power washing existing pavers, cleaning and removing moss and weeds from the sidewalk pavers, tree pruning, curb repairs, line painting and maintaining the plant and flower beds. Businesses and residents are demanding that the village increase its efforts to keep our main street sharp.
• The Village Board of Trustees has been advised that Chautauqua Avenue currently requires milling and repaving and it is likely to be part of the 2019-2020 budget at an estimated cost of $75,000. Repaving must be done approximately every ten years.
• The cost to replace the trees that died along Chautauqua Avenue has been bid at $75,000. The sidewalk would have to be dug up and more of the correct kind of soil added to ensure tree survival.
Total Out of Pocket Cost to the Village if the Chautauqua Avenue Project is Not Done: $150,000 Plus Cost of Ongoing Maintenance
Cost to Village for the Storm Water Projects
Lowe Park Chautauqua Ave.
I. Estimated Project Cost $341,269 $772,724
State Grants portion of Project (255,951) (75%) (695,000)(90%)
Balance $85,318 $77,724
II. Local Match $85,318 (25%) $77,724 (10%)
County pays in match (5,000) (11,099)
Alliance and Foundations Grants (25,302) -0-
Alliance in-kind * (4,000) -0-
Total $51,016 $66,625
III.NET COST AFTER GRANTS & MATCHES $51,016 $66,625
In-kind match/work done by DPW* (9,077) (46,625)
In-kind Operations and
Maintenance Done by DPW (16,200) (20,000)
($5,400/ year ($10,000/year for 3 years) for 2 years)
IV. TOTAL OUT OF POCKET COST: $25,739 $0
Important Financial Notes
• A Grant Administration & Project Management fee (7%) for each project is included in the figures
•* The term In-Kind refers to work done by the Village of Lakewood DPW on these two projects and is the village’s matching contribution in lieu of cash. It’s a provision to include traffic control, clearing, some excavation and hauling. But the DPW will have to work on Chautauqua Avenue regardless of whether the grant funded projects are done.
• A provision for cost overruns on the Chautauqua Ave project of $91,957 is included in the figures
• Bonding will not be necessary.
• The Lowe Park out of pocket cost could be paid over 5 years at a cost of $5,148 per year
• On-going maintenance is a component of the in-kind match on the part of the village
• It is very important to note that once the grants are accepted, there will be a major design phase that allows for customization of the projects to suit our village’s stated needs.
• The Lowe Park Grant is funded at 75%
• The Chautauqua Avenue grant is funded at 90%
• The Village would save $122,261
($150,000 in needed Chautauqua Avenue work minus the $25,739 cost of the Lowe Park project).
• By accepting these grants a state-of-the-art, attractive Chautauqua Avenue and business district, and a new useable green space at Lowe Park will benefit our community — while striving to ensure the health of Chautauqua Lake