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WTB Funding Update_December 2024Raise Our Water Tower Barn! LEGACY NAMING OPPORTUNITIES RAISE OUR HISTORIC WATER TOWER BARN! Secured Capital Funds: Presentation Template Design $2,200,000 –Minnesota State Legislature $530,000 –Foundation and Individual Contributions to Capital Campaign TOTAL = $2,730,000 Pending Capital Contributions Presentation Template Design $215,000 –In final negotiations for two Legacy Naming opportunities – plus a verbally committed pledge. Arts and Heritage Center Operations Fund Presentation Template Design $20,000 –Hardenbergh Foundation Grant –December 2024 Presentation Template Design Wetland Trail – LCCMR Funding Applicant –City of Scandia LCCMR Recommended Funding: $907,000 Timing for Legislative Vote: Late spring 2025 Presentation Template Design Pro-Bono Work, Item Donations, and Land Value Approximately $400,000 Includes donated barn material; value of land; and pro-bono work by architect, attorney, and architectural drafter. CONFIDENTIAL DRAFT SCANDIA HERITAGE ALLIANCE PO Box 159 | Scandia MN 55073 ScandiaHeritage.org | 651-233-0267 ScandiaHeritageAlliance@gmail.com WATER TOWER BARN SCANDIA is a project of Scandia Heritage Alliance, a 501c3 charitable organization, in coordination with the City of Scandia. Join us in our mission to preserve and celebrate Scandia’s rich history, heritage, arts and rural character. CONSTRUCTION TIMING: Estimated Fall 2025 or Spring 2026 CONTRACTOR: •Interviewed three general contractors •Currently gathering project estimates •Aiming to select contractor by early February NEXT STEPS: •Select general contractor •Begin process of value engineering with contractor and architect •Complete construction documents and engineering plans