Explanation
1. BACKGROUND
This ordinance provides $67,150.00 to prevent inspection deficits for projects within the Division of Design and Construction Capital Improvement Program. 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 and occasionally the funds set up for this cost are not sufficient to cover the inspection of the project through project completion. It is then necessary to request additional funding for the remaining inspection costs. This ordinance authorizes an additional amount of $67,150.00 to establish funding to prevent inspection deficits in various projects.
These projects require additional construction inspection funds for varying reasons including project modifications due to expanded scope, unforeseen conditions, weather, construction change orders, etc.
2. FISCAL IMPACT:
Funding for these projects has been made available from cancelled encumbrances from completed projects and from monies within the East Broad Street Growth Area Fund.
Title
To authorize the appropriation and transfer of funds within the East Broad Street Growth Area Fund; to authorize the expenditure of $6,000.00 from the East Broad Street Growth Area Fund and $61,150.00 from the Streets and Highways G.O. Bonds Fund for construction inspection charges for the Division of Design and Construction; to authorize the City Auditor to establish Auditor's Certificates to provide for payment of construction inspection charges; and to authorize the expenditure of $67,150.00 for inspection charges for the Division of Design and Construction. ($67,150.00)
Body
WHEREAS, capital improvement projects undertaken by the Division of Design and Construction generally include an inspection component; and
WHEREAS, the amount encumbered for inspection is ordinarily an estimate based on the proj...
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