Memorandum
Official source link unavailable. The file was imported, but the current source metadata does not include a public document URL.
This memorandum discusses the recommendation to increase the construction contingency for the 8820 – Milligan Parking Lot Project from 25% to 32%, amounting to an increase of $293,198. This adjustment is necessary to cover additional unanticipated work during construction. The project, which includes the construction of a new parking lot with 315 spaces, has faced various challenges leading to increased costs. The total project costs are outlined, and the funding source is identified as the Greater Downtown Parking Inventory appropriation. The memorandum will be posted for the City Council meeting on April 28, 2026.
Key points
- Recommendation to increase construction contingency from 25% to 32%.
- Increase amount of $293,198 for the 8820 – Milligan Parking Lot Project.
- Total contingency amount after increase will be $1,304,844.
- Project includes demolition and construction of a new parking lot with 315 spaces.
- Project has faced unforeseen conditions leading to increased costs.
- Total project costs are $7,797,482, excluding land acquisition costs.
- Funding will come from the Greater Downtown Parking Inventory appropriation.
- Memorandum will be posted on the City Council Agenda for April 28, 2026.
Limitations
- The text contains unresolved placeholders such as the date for the last budget action.
- The document does not specify the exact nature of the 'additional unanticipated work' beyond general descriptions.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.