Louisiana land trust board meeting
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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 trust board meeting

Louisiana Land TrustBoard Meeting

Financial Budget Presentation

For the Fiscal Year Ending June 30, 2011


Louisiana land trust project allocations 000

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 trust cost by category 000

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 assumptions property dispositions

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 assumptions demolitions

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

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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