[{'content and time': {'timestamp': (2802.92, 3046.32), 'text': " okay, maybe it'll come in around 36 million and a project cost of 48.6 for that same size building. So the numbers in that final column that are the darkest those are based on the actual design that we showed today. So this is still in a conceptual or schematic phase but that those numbers are based on an actual cost estimate of the design we talked about. That's coming in at $32.5 million with a $43.8 million project budget. Those costs are pretty in line with what we are seeing in the market for a building of this type and size nowadays in the Bay Area. Diving into those numbers a little more into that top construction budget number. So the bulk of that number, 22.7 million is the building construction. 2.8 is the site. And then we have a 15 percent design contingency. That's typical at this stage in the design because there's still a lot that needs to be figured out. And then we have 3.2 million that's being held for escalation, that assuming that the project moves forward based on the schedule that has been outlined so far, that we factor in some additional inflation to get to the midpoint of construction, which would be in 2027. So that all adds up to the 32.5 million. Finally, I want to just check in on the schedule to tell you where we are in the process. You can see today marked there. So we're at the end of this schematic phase. Hopefully, if we have approval today to move forward and to continue the design into the 30% design phase or design development phase. And then you will see us again at the end of that phase when the project is more developed after we've done more of these color studies and form studies and really drill down and made the building more real. So that will be the major milestones approval. At that point, then we move into construction documents where we put together a full set of plans and specifications that can go out to bid for contractors to cost and then build. So that concludes our prepared presentation. Thank you for your patience and time and look forward to hearing any questions or comments that you might have. Thank you so much for the presentation. We're going to go ahead and go to public comment right now before we come back to the council. Do we have any comments, James? I said, do you see one hand raised on Zoom from Angel Hate? Hi. Can you guys hear me? Yes. All right, great. Good evening, council members, city leaders and community members. I just wanted to say thank you for the opportunity to speak on behalf of the foundation for the San Mateo County libraries. I express my gratitude for the for your commitment to this transformative project. This will, as you guys know, aim to create more educational access and opportunities for the East Pell Alpha community. We're just so honored to partner with you on this journey. With your partnership, we are poised to leveragefick support by launching a capital campaign in the next few months. We hope that by engaging individuals, businesses and community organizations, the capital campaign will build a strong public private partnership to reflect the strength and the city. And we believe this is more than a fundraising effort. It's an investment in the future of East Palo Alto. The library is going to be more than a place to just borrow books. It'll be a safe haven for students, a resource for job seekers, and a space where dreams can be nurtured. With your leadership and the collective efforts of our community, I am confidently can bring this vision to life and create a library that reflects the strength and diversity of East Palo Alto."}, 'keyword': 'Public private partnership'}]