Agenda Packet_2023-08-29 - Laserfiche WebLink

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Local Street Preventative Maintenance FY 22-23 August 29, 2023 Page 2 3 6 8 6 Approval of the recommended action will allow completion of the project including change orders and additional required work. The recommended action will increase the contract project contingency by $300,000 (Exhibit 2), thereby increasing the total estimated construction delivery cost to $4,140,200, as summarized in the table below: Project Item Current Total New Total Construction Contract Bid Amount $2,954,000 $2,954,000 Construction, Administration, Inspection, Testing $443,100 $443,100 Contract Contingencies $443,100 $743,100 TOTAL ESTIMATED CONSTRUCTION DELIVERY COST $3,840,200 $4,140,200 FISCAL IMPACT The following table summarizes the funds budgeted and available through the carry- forward process in current FY 2023-24 for expenditure to deliver construction of this project. Any unspent budget in FY 2023-24 will be included in future year carry-forward for City Council consideration. Fiscal Year Accounting Unit – Account # Fund Description Accounting Unit, Account No. Description Amount Existing Budget 2023-24 03217662-66220 (23-6907) Measure M- Street Construction Measure M2 Local Fairshare St, Improvements Other Than Buildings $3,553,200 2023-24 22317660-66220 (23-6907) Local Drainage Area III Public Works-Storm Drain Construction, Improvements Other Than Buildings $287,000 Appropriation Adjustment (This Action) 2023-24 05817660-66220 (23-6907) Residential Street Improvement Residential Street Improvement, Improvements Other Than Buildings $300,000 Total Contract Amount $4,140,200 EXHIBIT(S) 1. Location Map 2. Amendment to Fiscal Year 2022-23 CIP City Council 7 – 2 8/29/2023