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Fiscal Impact |
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Fiscal Impact: |
The engineer's estimate for the Fiber Optic System Expansion was approximately $290,000, therefore staff believes that the bids received are competitive and reasonable.
At the time the budget for this project was initially developed, the need to increase the capacity in the fiber line along Church Street/Maryland Way was not known. Therefore, the currently allocated budget of $100,000 in the Capital Projects Fund for this project is insufficient. The overage will be absorbed either via savings in other FY 2021 Capital Projects Fund projects or out of the unallocated fund balance in the Capital Projects Fund. |
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