A special budget meeting was held in the main office of Cottonwood Valley
Charter School at 5 pm on Thursday, 6/29/06.

 Present:  Mary Cox, Mary Nutt, Russell Wrenn, Richard Sonnenfeld
 Not Present: Ruth Milner, Delilah Walsh

 The purpose of the meeting was to review the budget for the remodeling
 work occurring after the demolition.

 Mary Cox presented the following facts:

 1st year Bond Funding - $154,801 (in bank)
 Special Leg. Approp. $75,000 (must be applied for -- it has been
 requested for the hospital demolition work but not yet approved).
 Budget items for Contracted Services $35,000.

 Coronado Demolition Costs  $103,000 (all inclusive)
 Remainder of funds ~$160,000
 Remainder of funds actually available now ~$90,000

An overall budget for work to be done after completion of Hospital demolition
(currently estimated at July 20) was presented.  Line items
were presented covering the following categories

$12,000   shade structures
$12,000   storage sheds  (increased from 8,700)
$2,100     playground equipment
$1,600     handicapped parking, south side
$1,700    drop-off area, north side
$2,700    landscaping
$630      signs
$2,000    site coordinator
$ ??      irrigation system
$ ??      fencing

>
Though a spreadsheet initially totalling $31,430 was presented,
the budget committee
approved expenditures up to $40,000 because of expected upward
pressure on pricing as plans were finalized and because the spreadsheet
did not include an irrigation plan, which has been agreed to be an
important part of this work.

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 In other news, Mary N and I confirmed that Jim Shepherd will be the
 construction coordinator for this job.  This temporary
 position was advertised and there were no additional applicants.