Explanation
NEED: This legislation authorizes the Director of Public Utilities to modify the contract for construction administration services with Benatec Associates for the East Stanton Avenue Stormwater System Improvements project; to transfer monies within the Storm Sewer Bonds Fund, $14,483.12; and to amend the 2003 Capital Improvements Budget.
CONSTRUCTION ADMINISTRATION SERVICES MODIFICATION: Construction inspection and administration services are an integral, planned part of the construction process for this project. The services by this consultant were required due to the discontinuation of these services by the Division of Construction Inspection. Only after construction neared completion was it possible to determine the exact cost of these services.
EMERGENCY DESIGNATION: This ordinance is submitted as an emergency so as to allow the financial transaction to be posted in the City's accounting system as soon as possible and to allow for final payment to the consultant.
FISCAL IMPACT: The project for which this legislation requests fund transfer currently has an insufficient balance to allow for the aforementioned expenditure. This transfer does not reflect any changes to the project planned in the 2003 Capital Improvements Budget (CIB). The change is a temporary measure for the project that is being designed or constructed to maintain efficient cash flow within the Stormwater CIB. Funds will be made available for all approved projects as needed.
TRANSFER FROM: 610910, Clintonville Drainage Improvements, $14,483.12
TRANSFER TO: 610701, East Stanton, $14,483.12
Current 2003 Capital Improvements Budget Authority
610946, Trentwood/Shadyhill Stormwater System Improvements, $23,189.00
610701, East Stanton, $59,069.00
Revised 2003 Capital Improvements Budget Authority
610946, Trentwood/Shadyhill Stormwater System Improvements, $8,354.00
610701, East Stanton, $73,904.00
CONTRACT AMOUNT: The new contract amount inc...
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