Explanation
1. BACKGROUND
This ordinance provides $1,379,567.20 for construction inspection and administration deficits for capital improvement projects within the Department of Public Service.
Construction Inspection funding is normally authorized in construction legislation and available throughout the project. The amount for inspection is generally estimated by taking a percentage of the construction cost. Occasionally the funds set up for this estimated cost are not sufficient to cover the inspection of the project through completion due to project-related unforeseen conditions: weather, construction change orders, etc. It is then necessary to request additional funding for the remaining inspection costs.
The funds requested by this ordinance will be used to supplement inspection and administration costs on projects that have or will have a small deficit without the availability of these funds. The Department of Public Service usually performs an assessment of the remaining funding for inspection and administration for all projects two times a year. Separate legislation will be submitted requesting Council approval for additional construction inspection and administration funds for projects that have or are projected to run large deficits before the completion of construction.
2. FISCAL IMPACT
Funds in the amount of $1,199,376.30 are available and appropriated within the Streets and Highways Bond Fund, Fund 7704. An amendment to the 2025 Capital Improvements Budget and a transfer of cash is necessary for the purpose of providing sufficient spending authority for the aforementioned project expenditures.
Funds in the amount of $18,702.26 are available and appropriated within the Street Construction, Maintenance and Repair Fund, Fund 2265.
Funds in the amount of $19,265.40 are available and appropriated within the 44-01 Northland and Other Acquisitions Fund, Fund 7735.
Funds in the amount of $85,049.68 are available and appropriated within...
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