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Fiscal Impact |
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Fiscal Impact: |
The original construction budget for for this work ($175,000) was developed prior to completion of the initial engineering assessment, which identified the needed abutment work and the need for a temporary traffic signal.
In addition to the contract amount of $340,026.50, staff also seeks Commission approval of a small contingency allowance of an additional $15,000 to allow the project to efficiently proceed in the event of any unplanned complications or unanticipated discoveries. In total staff seeks approval of $355,026.50 of Capital Improvement funds for this project.
The overage will be covered in the Capital Projects Fund through a combination of available unallocated Capital Projects Fund balance and a portion of the planned FY 2019 year-end transfer of excess General Fund revenues to the Capital Projects Fund. |
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