Explanation
This ordinance provides an additional $308,000.00 to prevent inspection deficits for 12 projects and 1 grant within the Transportation Division Capital Improvement Program. These projects include the NCR - Street Furniture, Parsons Avenue Alley, Gay Street Phase I, Sawmill/Billingsly, Curb Ramp Ponding Mitigation 2006, High Street Resurfacing and Bridge Project, Resurfacing 2006 Project 1, Oaklawn Street/Piedmont Road, Slurry Seal - 2006, Resurfacing 2006 Project 2, 2006 Raised Pavement Markers, Traffic Calming 2003, and the Demorest Road/Sullivant Avenue Grant.
These projects require additional construction inspection funds for varying reasons including project modifications which did not include additional construction inspection funding, additional work being added to the original project due to the projects being under budget without increasing construction inspection funding.
Fiscal Impact: $722,510.00 has been made available from cancelled construction inspection encumbrances for construction contracts that have been completed. $308,000.00 of these funds will be used for supplementing construction inspection expenses for the projects in this ordinance.
This legislation amends the 2007 C.I.B, transfers funds between projects within the 1995, 1999, 2004 Voted Streets and Highways Fund and transfers funds from the 1995, 1999, 2004 Voted Streets and Highways Fund to the Local Transportation Improvement Fund and appropriated within Fund 763 consistent with where the original construction inspection expenses were incurred. Finally, it authorizes the expenditure of $308,000.00 for construction inspection.
Emergency action is requested in the interest of maintaining proper accounting and Fund integrity in a timely manner.
Title
To amend the 2007 C.I.B; to authorize the City Auditor to transfer $162,712.25 between projects within the 1995, 1999, 2004 Voted Streets and Highways Fund; to authorize the City Auditor to transfer...
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