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Meeting Date:
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Category:
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Type:
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Subject:
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18.6 Measure E Bond Program Budget Update |
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure:
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File Attachment:
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Summary:
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Bids for the Mountain View High School Classroom Expansion project were received April 11, 2024. As anticipated, construction costs are higher than the current approved budget for this project, which was approved April 24, 2023. Now that more firm construction costs are known, the budget needs to be updated and increased to reflect these current figures. There are sufficient Measure E Bond program contingency funds to cover this increased cost. The updated project budget will still provide $10 million in remaining contingency funds for remaining projects in the bond program. Various factors contributed to the increased construction cost are described in the attachment, most significant of which is additional Division of the State Architect (DSA) requirements and a 53.4% increase in construction costs since Measure E construction began in 2019. |
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Funding:
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Recommendation
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Approve Measure E Bond budget update. |
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Approvals:
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Recommended By: |
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Signed By: |
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Irene Aguilar - Administrative Assistant |
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Signed By: |
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Mike Mathiesen - Associate Superintendent |
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Signed By: |
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Nellie Meyer - Superintendent |
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