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Louisiana Land Trust Board Meeting. Financial Budget Presentation For the Fiscal Year Ending June 30, 2011. Louisiana Land Trust Project Allocations ($000). $221 Million – Allocated to LLT as stated by LRA Executive Director $195 Million – Allocated to LLT in current CEA

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Louisiana Land Trust Board Meeting

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Louisiana Land TrustBoard Meeting

Financial Budget Presentation

For the Fiscal Year Ending June 30, 2011


Louisiana Land Trust Project Allocations ($000)

  • $221 Million – Allocated to LLT as stated by LRA Executive Director

  • $195 Million – Allocated to LLT in current CEA

  • Does not include any expenses incurred after June 30, 2012 including long term monitoring


Louisiana Land TrustCost by Category ($000)

  • Miscellaneous cost include:

    • $21,000,000 for FEMA demolitions of LLT properties in St. Bernard

    • $10,000,000 for slab removal of Non-LLT properties in St. Bernard

    • $3,000,000 for Admin fee reimbursements to St. Bernard and NORA which will be made in fiscal year 2011 and later recovered in fiscal year 2012


Budget AssumptionsProperty Dispositions

  • June 30, 2010 Estimate based on actual data through April 15, 2010

  • Ending inventory as of June 30, 2010 assumes

    • 287 additions not yet received

    • 222 dispositions by June 30th

  • Dispositions only include Closed and Completed


Budget AssumptionsDemolitions

STRUCTURES

Structures represent an increase of 537properties over 2010 budget assumptions

$7,000 cost per unit

$5,250 additional for abatement which is applied to 80% of structures

$9,602 average cost per structure

March 31, 2011 completion date for all structures

SLABS

Slabs represent an increase of 682 properties over 2010 budget assumptions

$4,150 cost per unit

December 31, 2010 completion date for all slabs


Demolition Assumptions ($000)

  • Demo Management

    • $3,091 per unit

    • 8,475 Units (3,254 Structures and 5,221 Slabs)

  • Permitting

    • $100.00 per structure in New Orleans

    • $25.00 additional if in NCDC

  • Utility Disconnects

    • $500.00 per disconnect if volume is greater than 300 units/month

    • $600.00 per disconnect if volume is less than 300/month

  • LDEQ

    • MOU with LDEQ sets hourly rates for resources

    • Cost ran higher than originally expected due to Storm Retention/EPA concerns

  • Structures

    • 3,254 Total Structures at an average cost of $7,000 each

    • 1,054 to be demolished by June 30, 2010 and 2,200 by March 31, 2011

    • RACM Demolitions

      • 1,760 of homes will require RACM demolition in 2011

      • $5,250/unit based on average of 1,500 sq ft at $3.50/sq ft

  • Slabs

    • 5,221 Total Slabs at a cost of $4,150 each

    • 3,446 to be demolished by June 30, 2010 and 1,775 by December 31, 2010


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