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A <br />M <br />2 <br />The estimate also included $2,900,000 for the Holly Street, <br />Phase II Project. It is intended the estimated amount of <br />42,900,000 will be reduced accordingly when the exact amount <br />of participation from other agencies has been determined. <br />This estimate does not include the construction cost of a <br />high bridge at the crossing of Shell Parkway and the Interior <br />D]aterway. However consideration of the need £or a high-rise <br />bridge should be evaluated at the -time fat,ure modifications <br />to this report are considered. <br />The Cost Estimates include 50S of the construction cost (except <br />landscaping, which will be funded 1009 by Redwood Shores, Inc.) <br />of Red.,00d Shores Parkway widening between Holly Street Inter- <br />chan-.e and the existing end of Redwood Shores Parkway. The <br />other 50% shall be furnished by :redwood Shores, Inc. <br />The Citv of Redwood City Finance Department prepared Table 3 <br />and Table 4, Pro3ccted Cash Flow Requirements based on 1981 <br />dollars. <br />This estimate included 1,070,000 S.F. of Park Development. <br />it is anticipated that the Facilities Charge shall be reviewed <br />yearly, the estimated construction cost ar.iusted according -to <br />the Engineering News Record San Francisco Region Construction <br />Cost Index as of July 1 of each year. Consequently, the <br />Facilities Charge shall be adjusted accordingly. <br />The attached map, which delineates a revision to the general <br />plan involving Pond A-12 should be taken into consideration <br />when future modifications to the report are considered. <br />y , ...., , <br />