March 19, 2024
2March 19, 2024
1.Approval of the Project Report Equivalent
2.Design changes since November
3.Estimated project schedule
4.Construction cost & current funding plan
Project Updates
3March 19, 2024
Pismo Beach Segment
4March 19, 2024
Pismo Beach Segment
5March 19, 2024
Pismo Beach Segment
6March 19, 2024
San Luis Obispo County Segment
7March 19, 2024
Project Schedule
Schedule
Milestone Actual/Estimated Completion Date
Complete environmental 12/11/23
Execute Baseline Agreement 6/27/2024
Allocate design funds 10/17/2024
Begin design December 2024
Final design December 2025
Allocation construction funds July 2026
*Begin construction August 2026
*End construction July 2027
8March 19, 2024
Construction Cost & Funding Plan
Construction Cost Estimates
Segment Original Est.Current Est.
Pismo Beach $6.9 million $8.5 million
SLO Co.$2.5 million $1.9 million
Total Cost $10.4 million
Shortfall $4.2 million
Current Funding Plan
Funding Source Design Construction
Trade Corridor Enhancement Program $508k $3.63 million
*SLOCOG $466k $2.59 million
*Community Project Funding Request $0 $4.2 million
9