ATTACHMENT 1

TOWN OPERATIONS CENTER

PRELIMINARY BUDGET

October 27, 2003

Consistent with Ordinance – Corrected Dec. 19, 2003*

Public Works/Housing                        Transit                          TOTAL

Construction                                          $18,352,546                $12,788,100                   $31,140,646

Equipment                                                 1,719,080 1,828,200 3,547,280

            Subtotal (a)                               $20,071,626                $14,616,300                   $34,687,926

Off-site (utilities, roads, signals)              $  1,648,500                $  1,648,500                   $  3,297,000

Demolition                                                    126,500 126,500 253,000

            Subtotal (b)                               $21,846,626                $16,391,300                   $38,237,926

10% Design, value engineering,

            testing                                        $  2,184,662 $  1,639,130 $  3,823,792

            Subtotal (c)                               $24,031,288                $18,030,430                   $42,061,748

1% for Art                                             $     240,312 $     180,304 $     420,616

            Subtotal (e)                               $24,271,600                $18,210,734                   $42,482,334

Relocation expense                                $       44,000                $       13,000                   $       57,000

Removal underground tanks                            75,400 96,000 171,400

            Subtotal (f)                                $24,391,000                $18,319,734                   $42,710,734

Contingency                                                                              $     215,793 $    215,793

            Subtotal (g)                                                                   $18,535,527                   $18,535,527

TOTALS                                              $24,391,000                $18,535,527                   $42,926,527

*Budget presented at the Town Council meeting on October 27, 2003 has been adjusted to incorporate additions made at that meeting, including the addition of $1,120,400 for Public Housing Maintenance (including 10% for design, value engineering and testing) and $25,775 for widening Millhouse Road from 30 ft. to 36 ft (including 10% for design, value engineering and testing, and 1% for art.); and to be consistent with the budget ordinances 2003-11-24/O-1 and -2  adopted November 24, 2003.