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Escondido trustees approve authorization to use library trust funds for First Floor furniture and equipment with contingency
Summary
The Escondido Library Board approved authorization to use trust funds for First Floor furniture, fixtures and equipment (FF&E) with an estimated total in the low-$250,000 range and a 15% contingency; the purchase requires a city-council budget adjustment and unspent money will return to the trust.
The Escondido Library Board of Trustees voted to authorize use of library trust funds to purchase furniture, fixtures and equipment (FF&E) for the library’s First Floor, approving an estimated total roughly in the $251,000 range and an included contingency.
The board approved the authorization after extended discussion about changing cost estimates and the need for a contingency because of vendor price increases. Robert, city staff, told trustees the top-line public FF&E figure in the packet was about $195,277 for public spaces but other pages showed higher totals; Reno, library staff, and Ed, project manager, said contingency was factored in from the start to cover potential price increases and change orders. “We did include…
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