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Approve Community Workforce Agreement <br />June 6, 2023 <br />Page 4 <br />3 <br />4 <br />9 <br />5 <br />$420,000 is attributable to the General Fund, and the balance to grants and enterprise <br />funds. This amount will vary from year to year based on the type and quantity of <br />projects approved by the City Council. <br />FISCAL IMPACT <br />Approval of the Community Workforce Agreement (CWA) is projected to increase <br />construction phase project costs from between ten to twenty percent according to <br />industry feedback and recent analysis and experience with bids received for projects <br />awarded under previous CWA and those awarded after CWA expiration. The Capital <br />Improvement Program for Fiscal Year 2023-24 is being finalized for City Council <br />consideration; preliminary estimates for total project delivery costs of capital projects in <br />FY 2023-24 is $37 million. Utilizing this figure, approval of the recommended CWA may <br />result in an increase to project costs of approximately $2.1 million to $4.2 million in FY <br />2023-24 once actual bid results are received. The General Fund is utilized for <br />approximately 10 percent of FY 2023-24 capital project expenditures. <br />EXHIBIT(S) <br />1. Community Workforce Agreement <br />Submitted By: Nabil Saba, P. E., Executive Director, Public Works Agency <br />Approved By: Kristine Ridge, City Manager