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Additional Contingency Funds for 10th and Flower Street Improvements <br />July 1, 2025 <br />Page 2 <br />5 <br />1 <br />5 <br />0 <br />pedestrian improvements by approximately 150 feet to fully restore the affected street <br />areas and deliver a more complete pedestrian and mobility improvement project. <br />To capitalize on the favorable pricing of the existing contract with Vido Samarzich, staff <br />is requesting an increase in contingency funding in the amount of $375,000 to perform <br />additional street paving and sidewalk construction work as part of the existing project <br />and complete the street improvements prior to starting construction on the future park. <br />The recommended action will increase the project contingency by $375,000 thereby <br />increasing the total estimated construction delivery cost to $2,220,898 as indicated in <br />the Revised Cost Analysis (Exhibit 3) and as summarized in the table below: <br />EXPENDITURE <br />CATEGORY <br />ORIGINAL <br />AMOUNT <br />ADDITIONAL <br />FUNDING <br />NEW TOTAL <br />Construction Contract $1,476,719 $1,476,719 <br />Construction <br />Administration, Inspection, <br />Testing <br />$221,507 $221,507 <br />Project Contingencies $147,672 $375,000 $447,672 <br />Total $1,845,898 $375,000 $2,220,898 <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />As indicated in the Cost Analysis, the estimated total construction delivery cost of the <br />project is $2,220,898. All funds are available for expenditure in Fiscal Year 2025-2026. <br />Any remaining balances not expended at the end of the fiscal year will be presented to <br />City Council for approval to carry forward to Fiscal Year 2026-2027. <br />With the approval of the requested appropriation adjustment, a portion of the accumulated <br />fund balance will be appropriated for spending in the Residential Street Improvement, <br />Improvements Other Than Buildings Account (No. 05817660-66220). The spendable <br />portion of the fund balance is estimated to be $2,327,505 as of June 30, 2025, which is <br />sufficient to allow for the recommended appropriation of $375,000. <br />The following table summarizes the funds budgeted and available for expenditure to <br />deliver construction of this project (Exhibit 4). <br />  <br />  <br />City Council 15 – 2 7/1/2025