Item 18 - Construction Contract with Vido Samarzich, Inc. for the Standard Avenue

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Standard Avenue and McFadden Avenue Bikeways September 17, 2024 Page 5 Project Item Total Construction Contract Bid Amount $19,170,060 Construction Administration $1,305,355 Inspection $812,768 Testing $344,811 Project Contingencies $1,917,006 Total Estimated Construction Deliver Cost $23,550,000 ENVIRONMENTAL IMPACT In accordance with the California Environmental Quality Act (CEQA), the recommended project actions are exempt from further review pursuant to Article 19, Categorical Exemptions Sections 15301(c) and 15304(h). Categorical Exemptions have been recorded with the Orange County Clerk -Recorder Department, as Environmental Review No. ER-2020-33 for the Standard Avenue Protected Bike Lane Project and Environmental Review No. ER-2020-97 for the McFadden Avenue Protected Bike Lane Project (Exhibit 5). FISCAL IMPACT As indicated in the Cost Analysis, the estimated total construction delivery cost of the project is $23,550,000. There are $17,650,000 in existing funds available for expenditure in Fiscal Year 2024-25 from roadway projects 19-6923, 20-6962, 20-6965, 23-6705, 23-6706, & 23-6707. Additionally, $1,400,000 in funds from roadway projects 22-6989 and 24-6005 will be reallocated to project 20-6962. With the approval of the requested appropriation adjustments, $2,000,000 of the accumulated fund balance in the Residential Street Improvement, Prior Year Carry Forward revenue account (05817002-50001) will be appropriated for spending in the Residential Street Improvement, Improvements Other Than Buildings expenditure account (05817660-66220). The spendable portion of the Residential Street Improvement fund balance is estimated to be $5,676,895 for Fiscal Year 2024-25, which is sufficient to allow for the recommended appropriation. Additionally, $2,700,000 of the accumulated fund balance in the Transportation System Improvement Authorization Area B, Prior Year Carry Forward revenue account (99217002-50001) will be appropriated for spending in the Transportation System Improvement Authorization Area B, Improvements Other Than Building expenditure account (99217950-66220) (Exhibit 6). The spendable portion of the Transportation System Improvement Authorization Area B fund balance is estimated to be $8,527,939 for Fiscal Year 2024-25, which is sufficient to allow for the recommended appropriation. Any remaining balances not expended at the end of the fiscal year will be carried forward into Fiscal Year 2025-26. The funds will be budgeted and available for this item in the accounts below.