Laserfiche WebLink
Contract Award — Warner Industrial Community <br />Roadway Improvements <br />June 21, 2016 <br />Page 4 <br />As indicated in the Cost Analysis (Exhibit 4), the estimated total delivery cost of this project is <br />$5,306,915, which includes construction, contract administration, inspection, testing, surveying and <br />contingencies. The City's share of the project costs is $3,133,415. Upon approval of the requested <br />amendments to the FY 2013 -14 and FY 2014 -15 Capital Improvement Programs, $1,733,415 will <br />be available in the Measure M2 Street Construction Fund (Account No. 03217662 - 66220) for <br />expenditure in FY 2016 -17. The remaining $1,400,000 will be budgeted in FY 2016 -17 Capital <br />Improvement Program in the Measure M2 Street Construction Fund (Account No. 03217662- <br />66220) for expenditure in FY 2016 -17. <br />The resolution to issue the WIC Assessment Bonds will be presented for approval in a separate <br />Council action. Upon approval of the bond issuance, the Property Owners' share of $2,173,500 <br />(assessment prepayments and bond principal) will be made available for expenditure from the <br />Special Assessment District Capital Improvement Fund (Non -City Contribution), Warner Industrial <br />Assessment District expenditure account (No. 14917660- 66220). <br />A Notice to Proceed will be issued after confirmation of the receipt of funds into the appropriate <br />project accounts. Construction is scheduled to begin in fall 2016. <br />Fr d Mousavipour <br />Executive Director <br />Public Works Agency <br />FM /EWG /TC /MO <br />Exhibits: 1. Location Map <br />2. Bid <br />3. Construction Contract <br />4, Cost Analysis <br />APPROVED AS TO FUNDS AND ACCOUNTS <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />23A -4 <br />