Peak building art allocation in minutes revised down after updated project estimate
Board members noted the minutes listed a $100,000 placeholder for art on the Peak building; staff explained an updated construction estimate lowers the public-art allocation to about $50,000 based on a revised project cost of roughly $5 million for combined portions.
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During approval of the February minutes a member flagged the minutes’ budget reference that listed a $100,000 allocation for the Peak building art. Staff explained that the $100,000 figure had come from an earlier $10 million project estimate (1% for art), but more current cost estimates show the downstairs portion at about $4,000,000 and additional upstairs work at about $1,000,000. That produces an art allocation closer to $50,000, staff said: "So that's where that 50,000 is now listed."
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