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Construction Completion <br />Warner Industrial Community Pavement Improvement <br />April 17, 2018 <br />Page 2 <br />The P3 led to project funding as follows: <br />Below is a summary of authorized and actual expenditures on project construction: <br />AUTHORIZED FUNDS AVAILABLE <br />Planning, Design, <br />Engineering, <br />_ Infection __ <br />Construction <br />Total <br />Assessment District_$326,025 <br />$1,847,475 <br />$2,173,500 <br />City of Santa Ana <br />$470,012 <br />$2,663,403 <br />$3,133,415 <br />TOTAL FUNDS AVAILABLE <br />$796,037 <br />$4,510,878 <br />$5,306,915 <br />Below is a summary of authorized and actual expenditures on project construction: <br />AUTHORIZED FUNDS AVAILABLE <br />Construction Contract Award <br />$3,946,915 <br />Contingency <br />$600,000 <br />_ _ <br />TOTAL AUTHORIZED <br />$4,546,915 <br />CONSTRUCTION EXPENDITURES <br />Construction Contract_ <br />$3,946,91_5 <br />115% <br />_ _ <br />*Quantity Adjustments (+/-) <br />$401,200 <br />10% <br />Contract Change Order— 1 <br />$151,300 <br />4% <br />The Contractor honored their unit prices on all additional <br />quantities of unclassified excavation, v -gutter, and sidewalk. <br />ESTIMATED FINAL COST CONSTRUCTION <br />$4,499,415 <br />*Quantity adjustments typically account for variations from changing field conditions. In this project, <br />quantities varied greatly due to the time that lapsed from when bids were received to the start of <br />construction. The time delay was necessary to allow for the formation of the assessment after bids <br />were received, but before starting construction. In this case, property assessments could only be <br />based on contract costs and not estimated costs. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #6 Community Facilities & <br />Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City <br />assets), Strategy B (equitably maintain existing streets and associated assets in a state of good <br />repair so they are clean, safe, and aesthetically pleasing for all users), and Strategy G (develop <br />and implement the City's Capital Improvement Program in coordination with the Community <br />Investment Plan (e.g., neighborhood streets, traffic improvements, etc.). <br />ENVIRONMENTAL IMPACT <br />There are no environmental impacts associated with the recommended action. <br />23A-2 <br />