building for your future · building for your future. support a year-round indoor farmers market,...
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Building For Your Future
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Support a year-round indoor farmers market, possibly at the VIEx grounds.
AAP p33
RDN - AAP Action Item 2.2 B
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Our Vision
Provide a building, equipment and staff needed for a year-round indoor market.
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City of Nanaimo
Approved the project in principle on October 24, 2016
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Whether Modern in Design
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Or Rustic
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St. Catharines Farmers Market
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We’ll BringFarmers
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And Others Together
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Island Roots Today
● Two markets per week (Wed and Sat) in Summer
● Wednesday Market in Winter
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Island Roots Tomorrow
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Your Role - AAP Action Item 2.2 B
Leads: City of Nanaimo, BCAFM, Local farmers markets Supporting: RDN
Priority: High Time Frame: Medium - To be completed within 3 to 5 years after adoption (in 2012) of the AAP
Requirements: Moderate to Significant depending on location and management model. Sources: Vendor fees, grants, RDN, credit unions
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How Much Will It Cost?
Facility Size Cost Estimated Cost
IRMC Market Building 8,000 sq ft $150/sq ft $1,200,000
Outdoor Covered Space 10,000 sq ft $50/sq ft $500,000
Land (approx. 1/2 Acre) Provided by Nanaimo $270,000
Totals (excluding land cost) 18,000 sq ft $1,700,000
Consultants Fees 12% (of construction cost) $204,000
All in Totals Including land $2,174,000
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Where will the money come from?
Source Amount Committed
City of Nanaimo (land and services) $300,000 $270,000*
Grants & Donations (including RDN) $625,000
Members’ Shares and other securities $625,000 $18,200
Mortgage (vendors) $625,000 $625,000*
Our objective is to have the market capitalized by 3000 members holding an average of $1000 dollars in membership shares each. This goal will not be reached until some time after the market has opened. In the meantime we are seeking funds as follows:
* Pending Confirmation
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Now What?
A Feasibility Study● Architectural work (floor plans, limited site plan, and design sketches). ● A Quantity Surveyor to provide a range of costing off of the architectural drawings and based on similar
buildings.
● Civil Engineer (preliminary report regarding required roadwork, sewer, power, water, communications, etc.)
● Geotechnical and Landscaping Consultants, if required.
$25,000 Estimated Cost
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Now What?
The Money Will Be Used For● Architectural work (floor plans, limited site plan, and design sketches). ● A Quantity Surveyor to provide a range of costing off of the architectural drawings and based on similar
buildings.
● Civil Engineer (preliminary report regarding required roadwork, sewer, power, water, communications, etc.)
● Geotechnical and Landscaping Consultants, if required.
$25,000 Estimated Cost
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Please Consider
● Providing a letter of support that can be attached to grant applications.
● Accepting donations for the project. This gives donors a tax receipt.
● Writing applications for grants from outside funding sources.
● A $25,000 grant to pay the cost of the feasibility study