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Town Manager Says Public Safety Bond Costs Trending Above Original Estimate
Summary
Town Manager reported early cost estimates for the public safety bond exceed the original $64M expectation and the approved $60M bond, and said staff will pursue savings and additional funding sources before bids are finalized.
During his manager’s report, the town manager (speaker 23) gave updates on multiple capital projects and the public safety bond process.
He said the internal working group is moving toward the construction manager at‑risk procurement and that the land agreement with Quonset had been approved by the QDC board; he expected bid documents in mid‑May. Early cost estimates are running above the $64 million figure the town had hoped to keep to; the manager said the bond had been approved for $60 million and that initial estimates were already exceeding the $64 million early forecasts.
“Preliminary cost estimates are coming in greater than the $64,000,000 originally hoped for,” the manager said, and added staff will continue to pursue savings and other funding sources. He said a guaranteed maximum price (GMP) will be presented to the council once bids are finalized and that the town will return to the council for final approval before proceeding.
The manager also noted other updates including school capital projects progressing, Tree City USA recognition on April 24, and upcoming recreation registration and events.
