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<br />~.I. ~.... 3 <br /> <br />much as 5% to 7% of the funds, this may not happen until the end of construction. <br />Therefore, staff is requesting an additional authorization to issue CCQ's in an amount <br />not to exceed 15% of the original contract value. <br /> <br />Alternative <br />The alternative is not to authorize the additional contract value. The result will be the <br />delay in the construction activities and the associated delay claims. <br /> <br />Fiscal Impacts <br />There are no fiscal impacts to the City's General Funds for this project. The table <br />above depicts the funding sources and amount. There are sufficient contingency funds <br />in the project budget to cover the additio I increase in contract value. <br /> <br /> <br />.~~~t <br /> <br />, S. ~er Vorametsanti <br />"--sênior Civil Engineer <br /> <br /> <br />e Patterson <br />ommunity Development Services Director <br /> <br />/'! /1 <br />./ //1/' /,.. .../ <br />¡' / ~/ <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />". '", /ì,t./,,' ¿; , / .~ <br />\ /' ,. " <br />, " ,. /~/ <br />Ëá Everett <br />City Manager <br /> <br />SPV:ss <br />S//ibrary/reporls/Ra/ston 101/C authority to exceed 10% <br /> <br />Page 3 of 3 <br />