The current total project budget is $16,247,183. This is the “all-in” project budget and includes the purchase of the land, construction costs, site work, professional fees, furniture, fixtures, equipment, and project contingency.
The Library has been working closely with LeChase as construction manager throughout the planning and budgeting process and expects to enter into a construction contract before construction begins.
As with any major construction project, the budget includes contingency funds to help manage unexpected costs or cost changes. Approximately $1 million in contingency is built into the current project budget.
The Library Board will continue to manage the project carefully and responsibly, with the goal of borrowing only what is needed. The Library will not return to taxpayers for additional funding for this building project. If additional funds are needed, the Library will continue to pursue private donations, grants, and other non-taxpayer funding sources.