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y, p- b <br />Culvert $ 3,800,000 <br />Estimated cost to relocate the culvert so the underground public parking structure can be <br />built. <br />&reetscape Improvements $ 1,675,000 <br />Estimated cost to construct improvements for 'Theater Way" between Broadway and <br />Winslow, and modifications to Broadway for proposed protected drop -off for Cinema and Fox <br />Theater. This concept was approved by the City Council /Agency Board in the Joint Study <br />Session in March, 2003. <br />Courthouse Plaza $ 6,483,190 <br />Estimated hard and soft costs associated with the demolition of the Annex on Broadway, the <br />restoration of the fagade of the Courthouse, and the construction of the proposed new plaza. <br />Miscellaneous Downtown Projects $ 650,000 <br />Estimated costs to Theater Way 2 (Middlefield between Broadway and Veteran's Blvd); <br />gateway improvements and directional signage for downtown; enhanced public open spaces; <br />Winslow realignment; and improvements to redirect traffic back unto Broadway. These <br />improvements help implement the Downtown Plan and reflect direction received in the Joint <br />Study Sessions with the Council /Agency Board, Planning Commission and the Architectural <br />Review Committee. Money originally budgeted to fund a fountain in the plaza between City <br />Hall and City Center Plaza will be redirected to this project. <br />Development Incentives /Contingency $ 3,067,000 <br />Estimated costs for offsite reimbursements for the Franklin Street Apartments; downtown <br />precise plan; possible incentives for private development projects; and contingency for <br />unforeseen opportunities and expenses. <br />These projects total almost $37M. The plan for funding these projects includes $1.5M in <br />existing Agency resources, approximately $31 M in Agency bonds, and an estimated $4.5M in <br />a loan from the City. This funding plan is detailed below. <br />