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SR-55/Ritchey Street Water Improvements
<br />February 6, 2024
<br />Page 2
<br />improvements have been identified that surpass the existing contingency of $997,975.
<br />To capitalize on the favorable pricing of the existing contract with James W. Fowler Co.,
<br />staff recommends increasing the project contingency by $1,100,000 and the contract
<br />administration, inspection, and testing funds by $50,000 to complete the utility relocation
<br />project.
<br />The recommended action will increase the project contingency and contract
<br />administration, inspection, and testing by $1,150,000, thereby increasing the total
<br />estimated construction delivery cost to $8,400,000, as indicated in the Cost Analysis
<br />(Exhibit 2) and as summarized in the table below:
<br />Project Item
<br />Current
<br />Additional
<br />New Total
<br />Total
<br />Funding
<br />Construction Contract Bid Amount
<br />$5,922,025
<br />$5,922,025
<br />Construction Administration, Inspection,
<br />$180,000
<br />$50,000
<br />$230,000
<br />Testing
<br />Contingencies
<br />$997,975
<br />$1,100,000
<br />$2,097,975
<br />Water Engineering
<br />$150,000
<br />$150,000
<br />TOTAL ESTIMATED CONSTRUCTION
<br />$7,250,000
<br />$1,150,000
<br />$8,400,000
<br />DELIVERY COST
<br />FISCAL IMPACT
<br />Approval of the requested Appropriation Adjustments will recognize $1,150,000 in
<br />reimbursement obligation funds from OCTA, as outlined in the Cooperative Agreement
<br />No. C-0-2201 and three Utility Reimbursement Agreements for the State Route 55
<br />Improvement Project, into the Acquisition & Construction, Water Utility Capital Projects,
<br />Expense Reimbursement-OCTA revenue account (No. 06617647-57004) and
<br />appropriate the same amount into the Acquisition & Construction, Water Utility Capital
<br />Projects, Water Capital Project expenditure account (No. 06617647-66301).
<br />All funds expended for the water relocation project costs will be reimbursed by the
<br />Orange County Transportation Authority (OCTA). As discussed at various
<br />project/funding coordination meetings between City and OCTA staff, the three Utility
<br />Reimbursement Agreements will be revised at the end of the project to account for all
<br />expenses incurred by the City, after all final costs have been identified. Funds will be
<br />budgeted and available for expenditure in Account No. 06617647-66301 in the following
<br />water relocation projects: $543,220 for Project No. 19-6439, and $606,780 for Project
<br />No. 19-6440.
<br />The following table summarizes the funds budgeted and available in current FY 2023-24
<br />for expenditure to deliver construction of this project. Any remaining balances not
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