Meeting_Body
CONSTRUCTION COMMITTEE
SEPTEMBER 18, 2024
Subject
SUBJECT: METRO TRAINING & INNOVATION CENTER (MTIC)
Action
ACTION: APPROVE RECOMMENDATIONS
Heading
RECOMMENDATION
Title
CONSIDER:
A. INCREASING the Life of Project Budget for the Metro Training & Innovation Center (Project) by $1,409,000, from $19,900,000 to $21,309,000; and
B. AUTHORIZING the Chief Executive Officer to amend the FY25 Budget in the amount of $1,091,000 to fund operational costs for the Metro Training & Innovation Center.
Issue
ISSUE
The Life of Project (LOP) budget for the Metro Training & Innovation Center Project requires an increase of $1,409,000 for additional costs related to tenant improvements and furniture, fixtures, and equipment for the office space. The FY25 Budget will also need to be amended in the total amount of $1,091,000 to pay for the Project's first year operations. The LOP budget increase and FY25 budget amendment will be funded by the FY2023 Transit Infrastructure Grant for $2,500,000 which is eligible for use on both capital and operating costs associated with the Metro Training & Innovation Center.
Background
BACKGROUND
The Evermont mix-used development located at Vermont Avenue and Manchester Avenue consists of a six-story mixed-use affordable housing and community-serving retail, an open transit plaza, a job training center, a six-story SEED boarding school with faculty residential units, full-service grocery store, and 383 parking spaces located at the ground-level and within a 3.5-level parking structure.
The Project features 15,000 square feet of office space and includes five large rooms designed as flexible conference spaces that can be utilized as a computer lab, training room, and to host a number of professional development programs. The Project has 60 dedicated parking spaces, passenger elevator, Metro signage, and transit-related amenities throughout the Transit Plaza.
In October 2020, the Board approved a Life of Project ...
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