Staff propose shifting AIPP cost definition to 'capital project cost'; clarify allowable deductions
ACME staff proposed changing the ordinance calculation from 'construction cost' to 'capital project cost' to align with industry norms and listed deductions (including architectural and administrative costs) to increase transparency in how the city's 2% public art allocation is calculated.
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Assistant Director Morgan Messick told the committee that the ordinance's existing definition of "construction cost" has created confusion because it differs from industry usage, and staff recommend changing the term to "capital project cost" with a clear list of allowable deductions. Messick said the shift comes from benchmarking and internal consultations with project managers and finance partners.
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