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Council asks for detailed funding options after staff projects $20M–$22.5M CAC price tag
Summary
Staff presented a 2023 estimate of about $20.2M and an inflation-adjusted projection near $22.5M; councilors requested a menu of options (phasing, deletions, interfund loans, nonbonding alternatives) and comparisons of contingency use from similar projects.
Staff presented a consultant estimate from December 2023 of $20,227,437 and described escalation assumptions that produce a roughly $22.5 million projection if construction is delayed into 2027. Talbert said concept contingencies (around 14–15%) are conservative at this stage and will be refined as design progresses.
Council members expressed reluctance to increase bonding given other capital commitments and asked staff for a range of funding scenarios including interfund loans or revenue-positive modeling for courts and event space. One councilor summarized their position: "I'm not necessarily comfortable with any bonding," citing the upcoming fire-station bonding burden on the city budget. Staff agreed to prepare comparative contingency and financing data for future council consideration.
