Exhibit A:
Final Portland Aerial Tram Funding Plan
Contributors to Portland Aerial Tram
Contributor | Contribution ($) | Contribution (as % of final cost) |
Oregon Health & Science University (OHSU) | $38.2 million | 67.0% |
South Waterfront Property Owners | $5.8 million | 10.2% |
North Macadam Investors, LLC (NMI) | $2.5 million | 4.4% |
OHSU/NMI (shared costs to be determined) | $2.0 million | 3.5% |
Portland Development Commission (PDC) | $8.5 million | 14.9% |
Final Total | $57,000,000 | 100.0% |
Cost-Savings contributed by Portland Aerial Tram contractors
Contractor | In-Kind Contribution | Project Savings |
Doppelmayr CTEC, Inc. | Contract Reductions. * | $34,371.50 |
In-Kind Contribution of fees. * | $160,000 | |
Total Savings | $194,371.50 | |
Kiewit Pacific Co. | Savings. | $301,000 |
In-Kind Contribution. | $750,000 | |
Total Savings | $1,051,000 | |
AGPS - Sarah Graham | Contingency savings. * | $100,000 |
Capped fee rather than normal fee. * | $1,434,600 | |
Total Savings | $1,534,600 |
• * These savings are already included in the $57. Million Project Cost
Summary of Revised Contract Amounts
Revenue | 1. $57,000,000 | |||
Expenses | % of Kiewit | % of Total | $57,000,000 | |
Construction Eng. | 16.3% | $9,287,173 | ||
Doppelmayr | 18.4% | $10,477,387 | ||
Kiewit | 61.0% | $34,799,000 | ||
Contingency | 7.0% | 4.3% | $2,436,440 |
• 1. Reflects an application of a portion of the Kiewit savings and cost reductions against the 4/6/06 estimate of $57,614,561 to the current $57,000,000 estimate.