Cost estimates for the proposed options are listed below and further described in the attached summary:
1. Relocation and Restoration - $399,125
2. Storage with Future Relocation - $287,100
3. Partial Restoration in a National Frontier Trails Museum Display - $107,700
4. Demolition - $2,500
The best source of funding for this project is the Tourism Fund, but limited dollars are available for capital improvements beyond routine maintenance. The Fund has a fund balance of $1.7 million budgeted in FY18-19, which exceeds the fund balance target of 16% of annual revenues. However, projected capital expenditures are expected to deplete this balance below the 16% target by FY25-26. In FY19-20, expenditures of $350,000 are planned for rehabilitation of historic sites and the build out of the second floor of the National Frontier Trails Museum. It is important to maintain a healthy reserve in this fund in order to address unexpected repairs due to the age and condition of historic sites.