[CONSTRUCTION OF MINT FACILITIES] [For expenses necessary for construction of Mint facilities, as 291-294), $2,000,000, to remain available until authorized by the Act of August 20, 1963, as amended (31 U.S.C. (Treasury Department Appropriation Act, 1973.)] expended. 1 Selected resources as of June 30 are as follows: Undelivered orders, 1971, $73 thousand; 1972, $14 thousand; 1973, $0: 1974, $0. This appropriation provides funds to acquire suitable sites, design, and construction of buildings, furnishings, and equipment necessary for operations of the Bureau of the Mint as authorized by 77 Stat. 129 and amended by 79 Stat. 256. In 1972 an appropriation of $1,500 thousand was made for the purchase of a suitable site for the Denver Mint. The selection and purchase of this site are in process. The $2,000 thousand appropriated for 1973 covers some of the costs of architect-engineer design and drawings. Object Classification (in thousands of dollars) DEPARTMENT OF THE TREASURY Appropriation: Construction of Mint Facilities, Bureau of the Mint ANALYSIS OF AUTHORIZED LEVEL FOR FISCAL YEAR 1973 (In Thousands of Dollars) DIGEST OF BUDGET ESTIMATES BY ACTIVITIES FISCAL YEAR 1974 (Dollars in Thousands) Based upon extensive studies of estimated coin requirements in relation to Mint manufacturing capabilities, it has been determined that a new Mint must be fully operational by 1980 in order to meet the public need for coins. It is estimated that the total cost of a new facility at Denver, including site acquisition, architect and engineering services, building construction, and equipment purchase and installation, will be approximately $52.8 million. Required amounts will be requested in appropriations as the need arises to finance the various phases of the project. Fiscal Year 1972 An appropriation of $1.5 million was approved for the Fiscal Year 1972, for the acquisition of a site for a new Mint in Denver, and the Treasury Department is currently working with the General Services Administration to obtain the required land. It is anticipated that action will be taken on this phase during the Fiscal Year 1973. Fiscal Year 1973 An appropriation of $2, 000, 000 was approved in Fiscal Year 1973 to enable the Mint to enter into a contract for architect and engineering services necessary to permit the construction and equipping of the facility in a timely manner. This contract will provide for facility design covering: (1) review and validation of the facility criteria prepared by the Bureau of the Mint; industrial process design and layout for the new Mint; identification of and preparation of bid documents for the procurement of long lead time production equipment, and initiation of site development and building design. Fiscal Year 1974 Work on this project for Fiscal Year 1974, equipment procurement, bid review, and installation drawings, the purchase of equipment and construction supervision, will be postponed until Fiscal Year 1975 because of the delay in the purchase of the site. |