The price tag to replace the roof over the grocery store at the Metro Plaza is going up.
On Monday, council committee learned the $600,000 budgeted for the project is not going to be enough to cover the costs.
Kent Guptill, Orillia’s director of facilities and special projects, said the city received three tenders to replace the roof.
While the lowest bid of $598,000 is below the project budget, money is also required for some necessary consulting fees and for a contingency fund.
Guptill said “there is no room left for testing (and) consultant fees and a contingency of approximately just under 10 per cent.”
As a result, city staff recommended an increase to the budget of $60,000. The money may not be required in its entirety.
Orillia Mayor Steve Clarke lamented the extra cost, noting the city has plans to sell the plaza and surrounding property it acquired in 2016 to a developer as part of its waterfront redevelopment initiative.
Guptill said it’s a necessary cost that will make the property more valuable to prospective buyers.
“The addition of a new roof, which will have a lifespan of 20 years, would increase the value of the property,” said Guptill, noting the city has had to repair the roof several times since purchasing the building.
“This roof is at the end of its lifecycle and has had its problems … (we will be) handing it over in very good shape.”
Council committee agreed to take money from its contingency fund to accommodate the higher price tag.
Decisions made by council committee are subject to ratification at Thursday’s city council meeting.