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First Street Slope Stabilization Project
<br />July 16, 2024
<br />Page 2
<br />southside slope, replace damaged curb and gutter, improve drainage around the
<br />stormwater lift station, install additional security fencing, and deal with unforeseen site
<br />conditions and unsuitable soil.
<br />The recommended action will increase the project contingency by $625,000, thereby
<br />increasing the total estimated construction delivery cost to $6,725,000, as indicated in
<br />the Cost Analysis (Exhibit 3) and as summarized in the table below:
<br />Project Item
<br />Current Total
<br />Additional
<br />Funding
<br />New Total
<br />Construction Contract Bid Amount
<br />$5,018,520
<br />$0
<br />$5,018,520
<br />Construction Administration,
<br />$581,000
<br />$0
<br />$581,000
<br />Inspection, and Testing
<br />Contract Contingencies
<br />F$5-00,480
<br />$625,000
<br />$1,125,480
<br />TOTAL ESTIMATED
<br />$6
<br />$625,000
<br />$6,725,000
<br />CONSTRUCTION DELIVERY COST
<br />,100,000
<br />FISCAL IMPACT
<br />As indicated in the Cost Analysis, the total estimated construction delivery cost of the
<br />project is $6,725,000, which includes the construction contract, contract administration,
<br />inspection, testing, and an authorized contingency.
<br />On December 20, 2022, City Council approved $5,600,000 of American Rescue Plan
<br />Act (ARPA) funding for this project. On April 15, 2024, under City Manager
<br />authorization, an additional $500,000 was allocated to this project. At this time, an
<br />additional $625,000 of ARPA funding will be allocated to the contingency and added to
<br />the FY 2024-25 CIP (Exhibit 4).
<br />The following table summarizes funds budgeted and available in current FY 2024-25 for
<br />expenditure to complete construction of this project. Any remaining balances not
<br />expended at the end of the fiscal year will be presented to City Council for approval of
<br />carryovers to FY 2025-26.
<br />Fiscal
<br />Accounting Unit -
<br />Fund
<br />Accounting Unit
<br />Year
<br />Account No.
<br />Description
<br />- Account No.
<br />Amount
<br />Project No.
<br />Description
<br />Original Project
<br />Budget
<br />American
<br />ARPA-PWA,
<br />2024-25
<br />18117013-66220
<br />Rescue Plan
<br />Improvements
<br />$6,100,000
<br />(22-1341)
<br />Act (ARPA)
<br />Other Than
<br />Buildings
<br />Additional
<br />Funding
<br />
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