AMENDMENT TO INCREASE PROJECT CONTINGENCY FOR THE 8305 SANTA MONICA BOULEVARD BUILD-OUT PROJECT [H. COLLINS, P. TICUN, E. HAMANT]
Agenda • 2025-10-06 • Item B.10
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AI Summary
Using city funds, this proposal would increase the project contingency for the 8305 Santa Monica Boulevard Build-Out Project by $86,618, raising the total contingency to $433,086. This adjustment aims to ensure that any unforeseen costs during construction can be covered, ultimately helping to keep the project on track and within budget, which is crucial for timely completion and minimizing disruption to the community.
How does this affect you?
Residents may experience temporary disruptions during the construction phase, such as noise and limited access to the area around 8305 Santa Monica Boulevard. However, the increase in contingency funding is intended to prevent delays and additional costs that could arise from unexpected issues, which could ultimately benefit residents by ensuring the project is completed efficiently and effectively.
Fiscal impact
$86,618 increase in contingency funding.