If the City decides to submit site locations for the MPO’s regional application, the grant requires a minimum 20% match, and the application period closes on May 30, 2023. In addition, this year is the first year of CFI program funding and it is anticipated that an additional four years of grant applications would be possible. The MPO would handle the administration of the grant on behalf of the City which includes reporting requirements, submitting application materials, etc. Funding for the City’s 20% match would come from the Road Use Tax Fund.
Because of the brief turnaround time, required 3rd party stakeholder collaboration, and current workload and priority project commitments, staff have not been able to fully gather all of the required information to provide a thorough financial analysis of the City providing EV charging stations on City property. Essential cost Information for items such as conduit installation, billing plan costs (I.E. credit/debit card use), data charges, fiber/cellular signal/WiFi requirements for the station chargers, etc. along with reliable revenue estimates could not be acquired at the time of writing.
Based on the information that staff have been able to obtain, a high-level cost estimate of approximately $55,000 per site location (two level 2 chargers per site) is being used to calculate the overall expenses for this grant submittal. If four sites were to be submitted and included in the MPO’s regional application, the estimated total expense would be approximately $220,000.
Estimated Budget Per Site
· Charger Cost $7,500 (2) $15,000
· Electrical infrastructure $20,000
· Concrete slab for transformer $10,000
· Concrete slab for charger (2) $2,000
· Contingency (~17%) $8,000
$55,000
City 20% match per site $11,000 |