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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 />APPROVED AS TO FUNDS AND ACCOUNTS: <br />k—,— <br />Ocutive <br />avipour Francisco Gutierrez <br />Director Executive Director' <br />Public Works Agency Finance & Management Services Agency <br />FM/EWG/TC/MO <br />Exhibits: 1. Location Map <br />2. Bid <br />3. Construction Contract <br />4. Cost Analysis <br />2.3/01-4 <br />