Due to water damage and other structural deficiencies, the affordable housing project at 101 McNaughton Ave. W. may need more than $9 million in additional funding, subject to surety coverage, Chatham-Kent council heard Monday.
Total costs to complete the modular 27-unit project are estimated at $19.2 million, stated a staff report, with completion and occupancy expected next year.
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Council passed the following recommendations:
That a contract amendment in the amount of $4.4 million including contingency and HST for Jayden Construction be approved.
Additional expenditures up to $4.8 million, that are subject to repayment from the surety, be authorized to complete the build.
Administration be directed to pursue recovery of any funds available to reduce the funding re