HomeMy WebLinkAboutProjected construction and projected funding sourcesCosts
Acquisition: Land and Building
Basic Construction - Fixed Price Contract
Other Construction Costs
Construction-- eantingency-
Total Construction Base:
Architect: Design & Supervision
Construction Period - Real Estate Taxes
Constrtwdon.Period.- Insurance (General liability).
Construction Period - Water & Sewage
Construction Period -Loan Interest & Fees
Financial Consultant - Artspace Projects, Inc.
Permanent Loan Fees -
Trtle & Recording
Marketing Study/Appraisal
Property Survey
Environmental Report
Accounting Costs
Legal: Transaction
Organization
: Svndicadon
Organizational Costs (Except Legal)
Marketing & Lease -up Reserve
Initial Operating Reserve
Tax Credit .-Oocation Fee .-
Initial Partnership Mgmt. Fee
Developer's Fee
Total Development Costs
Source
Kramer School Artist
Cooperative
Projected Construction and Development Costs
10/6M
Budget YTD YTD
Amount Actual Variance
0.00 0.00 0.00
2,672-.172.00 2,105,18Z40 166,989.60
0.00 14,120.93 (14,120.93)
150.000.00 89,50i.7&- 60498.30
135,000.00
133,317.07
1,682.93
3,253.00
3,252.65
0.35
0.00 -
4,660.24.-
(4660.24)
0.00
0.00
0.00
10,000.00
4,945.68
5,054.32
7,323.00
5,438.91
1,884.09
2.700.00-
2,700.00--
0.00
7,300.00
7,622.50
(322.50)
7,500.00
7,500.00
0.00
2,092.00
2,092.50
(0.50)
1,000.00
1,290.3&-
(290.38)
15,000.00
9,350.00
5,650.00
36.909.00
40,992.36
(4,083.36)
2,000.00
2,000.00
0.00
15.000.00.
15,00(LW -.
0.00
2,000.00
2,079.28
(79.28)
10.000.00
10,000.00
0.00
40,020.00
40,020.00
0.00
7 200.00.
2,630.00- -
4,570.00
7,000.00
7,000.00
-0.00
t�0-(W-00
50.450.50
99.549A0
53,283rt69.00 .- S2,561,147.10. - S722,321.90
Kramer School Artist
Cooperative
Projected Funding Sources - Construction and Permanent Financing
10/6/97
Limited Partner Equity - National Equity Fund
Second.blortggage - Section-M&Loan - City of Utde Ruch
Co -First Mortgage - Fust Commercial Bank
Co -First Mortgage - Arkansas Development Finance Authority
Federal Home Loan Bank - Affordable Housing Program Grant
General Partner -Equity Fred K. Darragh Grant - -
AIDC - Oil Overcharge Funds Striperned Grant
Entergy Grant
interest Income - Operating Reserve - Bank of America
Other Grants -
Deferred Developer's Fee
Interest Income - Beach Abstract Escrow
City Of Little Rock - Home Funds
Total Funds
Budget- YTD - YTD
Amount Actual Variance
1,404,300.00
1,353,849.50
50,450.50
930,000.00 -
731,994.41
98,005.55
270,000.00
17,472.97
252,527.04
270,000.00
17,472.96
252,527.04
198,000.00
198,000.00
0.00
10,000.00 -
1,0,200.00--
-200.00
30,000.00
30,000.00
-=0.00
2- 070.00
22,070.00
0.00
0.00
1,159.67
-1,158.67
0.00
0.00----
0.00
49,099.00
0.00
492099.00
0.00
10,706.46
-10,706.46
200000.00
200,000.00
0.00
0,2 V69:00 S2,592,9Z5.01 S690,544.00
S6.700 (S31,177.90) S31,777.90
Descri tion of the Sculpture Garden
Upon receipt of the Artists and Communities Millennium Grant in November of
1999, the Kramer residents began to plan what specifically to create for public
art. A call to out -of -area artists (as stipulated by the grant) was put out on a
nationwide level, and preliminary ideas were discussed with the KSMC Board and
the Arkansas Arts Council.
Upon selection of Molly Ross in January 2000, two residents of the Kramer,
Charlotte Allison and Jennefer Fowler, took on leaders -hip roles for the project
and began to formalize ideas for the sculpture garden. The sculpture garden
arose as a -way for residents to communally utilize and beautify the large
expanse of lawn on the Kramer's north side while still providing public art.
Th.e. archway Molly designed would serve as the initial sculpture. Others could be
added within the garden site at a later date, -with other grants. The -garden itself
would be a gathering place for both residents. and community members. The
garden area would be small, and- low -maintenance to start, with room for
enhancement in the designs. Since there were many children around- or in. the
building, efforts were made to plant only nontoxic and "Pricker -free" foliage.
The archway and .garden has stepping stones that connect it to other sites on
the property, such as the front portico, the parking lot, and the barbeque pit
area in the back. The stepping stones are constructed of the same materials that
the archway is to provide contiguity.
Another concern was the historic element. Renovated and reopened in 1997, the
Kramer's developers worked closely with the historic Register and other groups.
The sculpture garden needed to adhere to that sensitivity, and create a space
that would integrate with the old building. The project leaders sought to
incorporate leftover granite and other materials still present from renovation. The
design of the arch would be unobtrusive and organic, with an effort to echo the
shapes present in the original architecture. The garden site would be visible to
road traffic, inviting, but still perceptible as part of the Kramer grounds.
Description of the Millennium Project:
Kramer School Artist Cooperative Sculpture Garden
Charlotte Allison, Administrator
Overview
The Kramer's goal is to use the grant to facilitate a residency for an out -of -region artist
to come and work with the Coop and achieve several things:
1) The Kramer would like to see the installation of a sculpture garden.
2) The visiting artist would be a sculptor, of either steel or stone. S/he would
work with a team of Kramer residents to design, create and install at least
one sculpture.
3) A second team would be in charge of designing and planting the
corresponding garden element. This second team would also have a
"community outreach" component, in that it would utilize a group the Kramer
has some ties with, such as Argenta, ARC, Umoja, or some other group yet
to be named. Group(s) would be present on day(s) we do digging and
planting.
Factors currently in play
1) The Kramer has reviewed applications from interested sculptors and has
selected Molly Ross, of Baltimore, MD, to design a concrete archway that
leads into a garden area.
2) The Kramer has planned a "Painting Party" fundraiser for April 1, 2000, to
augment available moneys ($3750). See description, following.
3) The Kramer is inventorying its available equipment and onhand supplies,
such as the leftover bricks and granite.
4) The Kramer is projecting the site of the sculpture garden to be the Northwest
corner of the lawn, pending blueprint information of the underground
geothermal system.
Timeline (caveat)
3anuary: Finish review of artists, make selection. Plan for late May, early June
1-2 week residency.
February: Finalize blueprint/planning location of site on Kramer property. Plan
and advertise for Painting Party fundraiser. Write Press Releases to be submitted
at various steps of project.
March- Make travel and lodging arrangements. Arrange Painting Party
fundraiser. Begin lining up acquisition of plants, flowers, materials. Schedule
community outreach component.
A ril: Fundraiser. Reconcile income. Continue scheduling of community groups.
Find donors for certain equipment and services.
May: Finalize details of garden plan and design. Finalize scheduling of
cooperative efforts. Have all tenants sign up for shifts. Determine nontoxic,
childsafe foliage.
June: Arrival of artist. Have all equipment, foliage and other materials on hand.
Have structural engineer approve consruction and foundation of arch. Begin arch
sculpture, begin landscaping. Community Outreach: host groups from the
community. Contact Entergy and other utilities before digging. Move granite
leftover from renovation into garden. Contact press. Completion with Dedication
celebration, Sunday June 25, 6:30 pm.
CALL TO ARTISTS
We are look ng- for SCULPTORS
( or. EMIIRONMENTAL ARTISTS, LARGESCALE OUTDOOR PROJECT ARTISTS)
Who We Are
The Kramer School Artist Cooperative is a work/live space apartment building
with22 units. In downtown Little Rock, the Kramer is a renovated- elementary
school and on the historic register. We are near the Arkansas River, the River
Market District, the historic Quapaw Quarter and convenient highway
connections.
We residents are either artists or supporters of the arts community. As a
cooRerative we applied for the Millennium grant to sponsor an out -of -region
artist, and we have received $3750 with which to transport and pay an artist for
a short residency here with us, with a specific project in mind.
The Project
The Kramer has a huge, north facing lawn on which we would like to begin a
sculpture garden. We are looking for an artist who can work with steel or stone
within a group project. We residents wish to landscape the area to feature the
new sculpture(s). There are certain parameters to consider: expense, available
-materials, an -underground geothermal system that must be worked around, and
a need to remain within historic preservation groups` guidelines.
If You -Are Interested (and we hope you are)
Please submit a design idea, prospectus, materials list, fee, and calendar for your
application for the residency. Your application will be reviewed by the Millennium
Project Committee, so please describe with detail. Designs and applications will
not be returned unless you submit an SASE. Deadline for submission is January
25, 2000.
Other Timeline Info
The grant must be used by June of 2000..The visiting artist would be put up here
by varying residents for up to two weeks (negotiable). We must have date of
residency confirmation from approved artist(s) by April 1, 2000, to allow for
transportation arrangement, etc.
For More Information
To find out more about us, here are some contact numbers.
Members of the Millenium Project Committee
Charlotte Allison (501) 376-7067 email: ma iman ostudios ahoo.com
Jennefer Fowler (501) 375-3959 email: moon. child atewa .n
Onsite Mgr of the Kramer, Tammy Zook:372-5338 email: tamikla@prodigy.net
THE KRAMER SCHOOL ARTIST COOPERATIVE BROKE GROUND ON ITS
COMMUNITY SCULPTURE GARDEN JUNE 12, 2000. THE PROJECT CELEBRATES
ITS COMPLETION WITH THIS DEDICATION PARTY JUNE 25, 2000.
The KSAC Millennium Sculpture Garden was funded in part by an NEA and Arkansas Arts Council
grant designed to celebrate the Millennium. It stipulated that two communities work together to
design and implement public art. We at the Kramer hired Molly Ross of Baltimore to design a
sculpture to enhance a garden and work in cooperation with us to bring the concept of a
community Sculpture Garden into being. A sculpture garden is a form of public art that can be
enjoyed by all ages and also enhances the beauty of the renovated Kramer School's grounds. The
Kramer's Open Canvas Night of April 1, 2000, was a fundraiser to augment the grant moneys for
the Sculpture Garden. project..
Molly Ross, our visiting artist, is originally from Monticello, Arkansas. She studied at the School of
the Art Institute of Chicago and currently makes Baltimore, MD her home. She is a Celebration
Artist with many -large commissions and regional grants to her credit, and she has led the team
constructing the concrete Arch as part of her -residency -here. Molly remembers -when the Kramer
was near destruction., and is excited' to be a part of this t1ransformative. project in her home state.
-Charlotte Allison is a professional visual artist residing at the Kramer. -She -has served on the
Tenant Council since its inception, and she is- the -administrator of the -Sculpture Garden project.
She directed the KSAG Mural in City Hall, and has led programs and- events promoting public art
and -arts. education. Her paintings have. been seen at LR. City Hall, Heifer Project International, The.
Arts and Sciences Center for Southeast Arkansas, Hillcrest Gallery, and the Arkansas Artists
Registry..
dennefer Fawley is a sculptor. residing at KSAC, She is studying_ for her. MFA, and isthe co -leader
-of the Archways construction. She works primarily in metal and stone, and has shown work at the
Kramer School's Open House, the Benini Gallery in Hot Springs and has had several large
commissions. She has served on the Kramees Tenant Council, and has taught visual arts to
disadvantaged youth and other community groups.
The Kramer School, once destined for demolition, was revitalized by the Vanadis Group
development team-. Reopened in- November- of 1997, the Kramer now provides 22 live/work spaces
in a -Cooperative 'for artists. The resident artists, in addition to pursuing their own careers, have
worked together on many projects that facilitate the arts, in -all forms, especially in the areas of
education, group projects, and charity work. This Sculpture Garden was truly a cooperative effort
and. embodies the type of achievement idealized in our. Mission Statement;
" The .KSAC is .a collaboration of members .and .the -community existing .to promote .the development
of the creative self, to expand the appreciation of Art in all its forms, and to encourage the evolution
of expression, productivity and commitment to a common vision that engenders the spirit of
community.'
0"
THE KRAMER SCE& ARTIST
COOPERATIVE INVITJJ6 YOU TO ITS
CELEBRATION AND DEDICATION OF 14
MILLENNIUM PR SCULPTURE
Gft
SUNDAY, JUNK, 6:30 PM
715 SHERMAN, DOWNTO LITTLE ROCK
Food! Beer! Co crate! Joy!
be grillingan�swil ?-.Ome cbeck it out!
of you who belpec I our Open Canvas
FUN-4ai5er Apri e see where your
efforts, to Ient a n4tzq ey went!
.1 Meet the artist, Molly Ross, biting from Baltimore
that c{esignec{ our {-abulou57unky arch. Hang out
� with the aic(ectic bunch th es at the Kramer,
anct help e!
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