The cost of completing an eight-field Adult Softball Complex being built at State Highway 66 and Post Road has increased to $5.295 million. A supplemental appropriation for the fourth community park was approved 5-0 this week by the City Council without a recommendation by the Capital Projects and Financing Task Force.
The task force voted 3-2 last week to recommend the appropriation but the council needed five votes for a formal recommendation, said Steve Commons, assistant city manager.
As of December 2011, the city had decided to fund only a $4 million, four-field complex in the short term.
Commons said this week that $3.6 million had been aside for the ball park in last year’s budget. A bond refund recently provided the city an extra $1.2 million for the project, he added.
“The funds that we’ve identified here are available in the capital projects fund,” Commons said. “We’ve been very fortunate to see an increase in our sales tax receipts.”
Edmond’s sales tax revenue is 20.57 percent above the same July and August period a year ago, a figure based on the 3.25 percent base rate, according to the city manager’s office. The increase is more than the city’s conservative 3 percent budget projection.
The city purchased the park property in 2007 for $1.5 million with money from the city’s 3/4-cent permanent sales tax approved by voters in December 2000 for capital improvements.
“As we’ve gone through the different durations of the project, the costs are increased,” Commons said. “But we were probably unrealistic initially when we put our numbers together to what the original cost would be.” Developing a new park requires roadways, electricity, water and other infrastructure needs, he explained.
Commons said project amounts need to be re-evaluated with multi-year planning instead of posting an original cost estimate from a decade ago.
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