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Peoria council approves $3.4 million transfer to cover APS power extension for innovation campus
Summary
The council approved a $3,412,667 budget transfer to cover a shortfall in APS’s final design and construction cost for an electric extension that will provide power to the Peoria Innovation Corps; staff said the city will be reimbursed and the work is expected to be closed out by Aug. 20 per APS schedule.
Peoria City Council voted 7-0 April 21 to approve a budget transfer of $3,412,667 to cover higher-than-expected costs for an Arizona Public Service electric extension that will provide power to the Peoria Innovation Corps.
City staff said APS’s final design and construction cost for the extension is $9,412,666, leaving the city with a shortfall against its $6,000,000 budget. “The final design and construction cost for this project is actually $9,412,666, resulting in a budget shortfall of just over $3,400,000,” said Dan Nissen, development and engineering…
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