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Approve Additional Contingency Funds for the Saint Gertrude and Grand Avenue Water <br />Main Replacement <br />August 17, 2021 <br />Page 2 <br />1 <br />9 <br />6 <br />4 <br />existing contingency of $384,500. To capitalize on the favorable pricing of the existing <br />contract with All Cities Engineering, Inc., staff recommends increasing the project <br />contingency by $906,476 and the contract administration, inspection and testing funds by <br />$118,237 to complete the work and deliver the water main replacement project. <br />The recommended action will increase the project contingency and contract <br />administration, inspection and testing by $1,024,713, thereby increasing the total <br />estimated construction delivery cost to $4,357,076, as indicated in the Cost Analysis <br />(Exhibit 2) and as summarized in the table below: <br />Project Item Current Total New Total <br />Construction Contract $2,563,350 $2,563,350 <br />Construction Administration, Inspection, Testing $384,504 $502,741 <br />Contingencies $384,500 $1,290,976 <br />TOTAL CONSTRUCTION DELIVERY COST $3,332,354 $4,357,067 <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with the action. <br />FISCAL IMPACT <br />Approval of the requested Appropriation Adjustment will recognize $1,024,713 of prior <br />fund balance in the Water Fund, Public Works Water Revenue, Prior Year Carry Forward <br />revenue account (No. 06017002-50001, and appropriating the same amount into the <br />Acquisition & Construction, Water Utility Capital Projects, Water Capital Project <br />expenditure account (No. 06617647-66301). <br />The following table summarizes the funds budgeted for expenditure to deliver <br />construction of this project. <br />Fiscal <br />Year <br />Accounting Unit - <br />Account No. <br />(Project No.) <br />Fund <br />Description <br />Accounting Unit - <br />Account No. <br />Description <br />Amount <br />Prior Authorized Funds <br />2020-21 06617647-66301 <br />(15-6446) <br />Acquisition & <br />Construction <br />Water Utility Capital <br />Projects, Water Capital <br />Project <br />$3,332,355 <br />Additional Funds Requested <br />2021-22 06617647-66301 <br />(15-6446) <br />Acquisition & <br />Construction <br />Water Utility Capital <br />Projects, Water Capital <br />Project <br />$1,024,713 <br />Total $4,357,067