Explanation
BACKGROUND:
Bids were received by the Recreation and Parks Department on July 1, 2003, for the Spindler Road Park, Phase II development as follows:
Contractor Status Amount
Storts Excavation Majority $103,850.00
Strawser Paving Majority $104,850.00
McDaniels Construction MBE $133,200.00
Project includes the installation of gravel parking lot , and other related work as noted on drawing
Partial funding for these expenditures is being transferred from The Facilities Improvements project to the Park and Playground Project within the Voted 1995 and 1999 Parks and Recreation Bond Fund. Funds will not need to be returned after bond sale.
Emergency action is requested to allow these projects to proceed in a timely manner and to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up-to-date financial posting promotes accurate accounting and financial management. Emergency action is also necessary to have funding available for necessary expenditures. Fall soccer league plans to use this facility which needs to provide parking.
The Contract Compliance Number for Storts Excavation is 31-1464608.
A contingency amount of $10,000.00 is being included in this project.
The approximate cost of Recreation and Parks staff time on this project is $5,000.00 (02-030).
Fiscal Impact:-
$24,533.55 is required and budgeted in the Voted 1995 and 1999 Parks and Recreation Bond Fund to meet the financial obligation of this contract.
$94,316.45 is being transferred within the Voted 1995 and 1999 Parks and Recreation Bond Fund, as shown in Section 2 of this ordinance
Title
To authorize the transfer and expenditure of $94,316.45 within the Voted 1995 and 1999 Recreation and Parks Bond Fund, to authorize the expenditure of $24,533.55 from the Recreation and Parks ...
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