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Multnomah County updates board on $456.6M library bond: apprenticeships, contractor mentorships and recent reopenings
Summary
County staff reported a $456.6 million library bond portfolio, added $750,000 to the St. John’s project from contingency/interest, highlighted strong apprenticeship and equity outcomes under the RWEA and described contractor mentorships that paired Fortis Construction with a Gresham small firm.
Multnomah County’s Department of County Assets presented a quarterly update on the Multnomah County Library capital bond program, reporting stable portfolio performance, apprenticeship and diversity metrics that exceed program goals in several measures, and recent community reopenings and events.
Deputy Director Kate Vance said the program budget is $456,600,000, with modest recent revenue adjustments (about $900,000 in earned interest and $15,000 from Energy Trust incentives). She told the board the program used $750,000 from contingency/interest to align the Guaranteed Maximum Price (GMP) for the St. John’s project; that appropriation will be carried into…
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