AgdaPkt 2000-04-24 - Laserfiche WebLink

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� C-3 Fiscal Impacts According to the funding agreement mentioned earlier, the County will fund all design and construction activities for this project, and reimburse the City for these expenses. To get a head-start to build the project during a favorable season of the year, the design of this project has already been paid for from City funds. After making design adjustments to account for drainage issues, the total project cost (design, construction and administration) is $1,030,000. This amount is significantly higher than the $733,379 the County originally anticipated to pay. Discussions are on-going to see if additional funding may be available, and if cutting some appurtenances from the project is a possible alternative. If the County and other supporting organizations cannot identify additional funding sources, the City may have to fund the difference. Because funds were already spent for the design and no reimbursement has yet been received, there is presentfy an insuffic'rent balance to cover this corrtract ($767, t 87 available vs. $776,202 contract amount for a shortfall of $9,015). By approving this award of contract, the Council will also instruct staff to expend the funding, which will exceed the existing budget. Funds from reserve accounts will be used to pay the contractor until reimbursement is received from the County. This is being done in anticipation of the approval of the Supplemental budget amendment, which will be presented to this Council for approval in June. The cost for maintenance and scheduling of the field after project completion is in the City's Operating budget of the Parks, Recreation and Community Services Department. � l" � - S. P er Vorametsanti oe Patterson d Everett enior Civil Engineer Manager, Engineering & Construction City Manager Peter H. Griffiths Director of Parks, Recreation, and Community Services SPV:ss S/Iibrary/reports/award SpoK FieW at Talt Schooll , , _ _ .___ . _.__._..� .. _