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Port Moody projects' costs soar
A pair of projects are proving to be more expensive than originally anticipated by the city of Port Moody.
At a special meeting Tuesday, council gave approval for nearly $400,000 in additional funding.
The city will chip in a further $230,515 to the Appleyard Centennial House project on top of the $300,000 that had already been budgeted.
"The tender period closed with all bids received being significantly higher than the construction estimates," according to a report prepared for council by senior project manager James Chandler.
The money will go towards the project to move the Appleyard Centennial House to 126 Kyle St., where an atrium will connect it with the existing Port Moody Arts Centre on St. Johns Street.
The additional funds bring the city's total commitment to $530,515 for the $1.1-million project. The project will also receive $480,785 from the Federal Heritage Legacy Fund as well as $87,500 from the Port Moody Arts Centre Society. The city's portion of the costs will come from its Heritage Reserve Fund, which currently sits at just under $2 million.
The city also approved an additional $150,000 for the Westhill lacrosse box roof. The city had already committed $529,000 to the project, with a $681,332 grant from the Ministry of Community, Sport and Cultural Development picking up the other half of the $1.36-million cost.
"As work commenced on the sports box project, the consultant and staff identified that some components of the roof contract were missing according to the project scope that was tendered," according to a report from Ron Higo, general manager of community services for the city.
The additional $150,000 will come from the city's accumulated surplus, which has a current balance of about $1.5 million.