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Prescott Valley hears cost warning on YMCA project; staff asked to propose citizen bond committee
Summary
Town staff and independent consultants told the council the proposed YMCA community center is likely to cost far more than the town's approved $29 million budget; council asked staff to return with a proposal for a citizen bond committee to explore financing and scope options.
Town of Prescott Valley officials on Jan. 9 heard a professional cost review showing the proposed YMCA community center likely will exceed the town's $29 million budget, and asked staff to return with a proposal for a citizen bond committee to explore funding and scope options.
The presentation, led by a town staff member and a team from Kitchell, showed the town-approved program and the YMCA's site plan could produce a final project cost far above the approved figure. The town did not vote on a final funding plan; council members directed staff to bring back details about a citizen bond committee including size, appointment process, timeframe and tasks.
Town staff member Ms. Ruiter opened the briefing with an overview of the project and the town's use of a CMAR (construction manager at risk) process to bring design and contractor input early. Damian Glaze of Kitchell told the council his firm's independent estimating work and database of comparable projects led Kitchell to a significantly higher…
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