EMPLOYEE ONSITE WOULD HELP MONITOR THE PARK AND THE NEWLY OPENED RESERVOIR
REHABILITATION CONSIDERATIONS AND COSTS Hazardous
Material Studies – Results Negative Except for small amount of asbestos on ductwork which can be removed at low cost – rehab can proceed without environmental constraints
Insurance
Claim Filed Markovich Construction prepared repair estimate of $139,461 Vandalism Repairs - $61,498 Update Costs $77,962
MMIA
Revised Markovich Vandalism Estimate to - $56,167
Reduced
due to no bathroom in structure at time of vandalism as well as ~20% Depreciation
MMIA
If
Agrees to pay $45,998 ACV for House less ~$10,000 deductible
BSB has the House Repaired per the Estimate, MMIA would pay $57,498 less ~$10,000 deductible
INSURANCE CLAIM DETERMINATION
Volunteer Assistance • • • • • •
Demo of add-on porches (Phase 1) Window & exterior door install (Phase 1) Lathe & plaster demo (Phase 2) Electrical (Phase 3) Plumbing (Phase 3) Lathe & plaster in living room (Phase 3)
Phase 1 Expenses
• Purchase new windows & exterior doors • Contractor for roof patching and exterior siding repair
Phase 2 Expenses •
Basement flooring repair
FUNDING
• Insurance Payment • Grants (SARTA; Montana History Foundation; National Trust for Historic Preservation) • Capital Campaign • Material Donations