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| DATE:
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2/19/2019 7:00:00 PM |
| SUBJECT: |
| Council Consideration for the Acceptance of Public Improvements for the Special Improvement District #52 Interstate Industrial Park Local Improvement District (L.I.D.) and Street Improvements Project, Installed by DRM, Inc., in the Amount of $3,522,782.73 (1% Project). |
| BACKGROUND: |
| Scope of Work
This project included three schedules of work: Schedule A - Street Improvements, Schedule B - Water System Improvements, and Schedule C - Conestoga Alternate.
Schedule B, the water system improvements replaced the private water system and included installation of approximately 7,200 lineal feet of 12" water main, approximately 450 feet of 6" water main, approximately 2,500 lineal feet of 4" water service, 44 meter pits, 17 fire hydrants, and re-connection of 1" water services.
The street schedules A and C included the re-paving of 2nd Street in concrete and the re-paving of Conestoga in asphalt.
Funding
The initial funding of the Water Schedule of this project is being paid through a 1% Option Sales Tax Account, to be reimbursed by a secured State Lands and Investment Board (SLIB) Drinking Water Revolving Fund (DWSRF) Loan, that will ultimately be repaid through the LID with property assessment.
The funding of streets reconstruction of 2nd Street and Conestoga Drive , Schedules A and C, is from a separate funding 1% Sales Tax Account. |
| ACTUAL COST VS. BUDGET: |
The awarded project cost compared to the actual constructed cost are tabulated below.
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Total Project
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Water (LID)
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Streets
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Awarded Amount
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$3,739,673.57
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$1,589,999.00
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$2,149,674.57
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Completed Cost
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$3,522,782.73
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$1,452,169.02
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$2,070,613.71
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|
Savings
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$216,890.84
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$137,829.98
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$79,060.86
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The final change order for quantity adjustments reduced the overall cost of the project by $216,860.84, $137,829.98 being water system savings.
The final cost for the water system portion of the project is $1,452,169.02. The initial funding for this portion of the project was allocated from the 1% Optional Sales Tax Account 201-10-05-419-70-47440.
The final cost for the street portion of the project is $2,070,613.71. Funding for the streets portion of the project was allocated from the 1% Optional Sales Tax Account 201-10-05-419-40-44331.
The total final cost of the Interstate Industrial Park L.I.D. was $3,522,782.73. |
| SUGGESTED MOTION: |
| I Move for Approval of the Acceptance of Public Improvements for the Special Improvement District #52 Interstate Industrial Park L.I.D. and Street Improvements Project, Installed by DRM, Inc., in the Amount of $3,522,782.73 (1% Project). |
| STAFF REFERENCE: |
| MAP/VIDEO - Ry Muzzarelli, P.E., Development Services Director |
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