Return $1.9 million construction reserve and reimburse $5 million in unforeseen costs for Civic Center project
In Plain English
The city completed Phase 1 of the Civic Center Revitalization Project using Redevelopment Agency funds. The project had $1.9 million left over from its construction reserve that the city plans to return. The Redevelopment Agency also spent $5 million more than expected on unforeseen costs during construction and wants reimbursement.
Auto-generated summary. Source: official agenda documents.
Votes
Defer this matter for discussion at the Mid-Year Budget Review
4 to 2
Why This Vote Matters
The council voted 4-2 to postpone decisions about $6.9 million in leftover funds and cost overruns from the Civic Center project until the Mid-Year Budget Review. The city has $1.9 million in unused construction money to return to the Redevelopment Agency, while the Agency wants $5 million back for unexpected costs that exceeded the original budget. Councilmembers Butt and Lopez opposed the delay, with Viramontes abstaining. This decision pushes the financial resolution to a later budget discussion rather than settling the matter now.
Auto-generated context. Source: official meeting records.
Other motions
1) authorize the City Manager to return $1.9 million to the Redevelopment Agency upon close of the Civic Center project; 2) allocate $350,000 to the General Fund Capital Improvement Project budget, (CIP), for purchase of the bulkhead for the Richmond Natatorium; 3) return one lump sum loan payment to the Redevelopment Agency in the amount of $5 million for use in completion of the Macdonald Avenue project
FailedOnly return $1.9 million to the Redevelopment Agency
FailedSimilar Discussions
5 related items found by meaning
Review financial status of Civic Center project with $1.9 million remaining
Review construction timeline for Civic Center building upgrades
Approve budget changes for Richmond Community Redevelopment Agency
Authorize $80 million agreement for Civic Center Phase 1B construction
Amend redevelopment agency budget to add $25.3 million for operations and $121.9 million for capital projects
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