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Estimated Project Costs <br />• City Council has allocated a total of $14M towards the projec <br />with an additional $1 M from the Stanford in Redwood City <br />development agreement. <br />• Funds forpublic engagement, schematic design, design <br />development, construction documents, project/construction <br />management and construction administration. <br />• Construction Estimates include: <br />o $50.3M— Veterans Memorial Building/ Senior Center <br />o $6.6M—Common Areas <br />o $ .9M— Traffic Calming Measures <br />o $2.8M - Exhibits <br />o $1M- FF&E <br />o $5.9M - Contingencies, entitlement and permit costs, <br />inspections, utility fees, additional soft costs <br />• Financing: projected $2.7M a year for 30 years <br />23 of 25 <br />