Fiscal Analysis

JacksonCommunity College

Project Cost Increase

Bill/Sponsor

SCR 52, Senator Hammerstrom

House Committee

Analysis

Summary

The Health Programs Expansion andInformation Commons capital outlay project forJacksonCommunity College was authorized under PA 297 of 2005.  The total authorized cost was established at $16,500,000 to be financed between State Building Authority bonds and Jackson CC funds.  This multi-component project entails the construction of a new 57,000 sq. ft. Information andTechnologyCenter and renovation of 17,000 sq. ft. of space in the Center for Health Professions.

Actual construction bids have revealed significant cost increases for steel, copper, and oil based products.  Jackson CC requests a project cost increase of $800,000 (5%) to accommodate the acceptable construction bid.  The college will finance the entire cost increase.

The Joint Capital Outlay Subcommittee (JCOS) approved this resolution, with recommendation.  The Department of Management and Budget also recommends approval.

State Fiscal Impact

None

Local Fiscal Impact

JacksonCommunity College will finance the entire cost increase

JacksonCommunity College – Health Programs Expansion and Information Commons Project

Current Authorizations

Requested

Change

Revised

Authorizations

StateBuilding Authority

$7,499,800

$0

$7,499,800

State GF/GP

200

0

200

Jackson CC

9,000,000

800,000

9,800,000

Totals

$16,500,000

$800,000

$17,300,000

Analyst(s)

Al Valenzio

Mitchell Bean, Director - House Fiscal Agency

124 N. Capitol Avenue, Lansing, MI 48909

 Phone: (517)373-8080, Fax: (517)373-5874

 http://www.house.mi.gov/hfa