Laserfiche WebLink
base repair and the soil condition is exposed in the field, requiring either remedial <br /> treatment or removal. As a result of this contingency, the projected total project budget <br /> is $1,126,711. <br /> The total cost for this project was estimated to be $1,930,000 at the time of preparation <br /> of the grant application and as a result, the City was earmarked for $1,588,105 from the <br /> ARRA for this project. Because the projected project budget is less then the City's <br /> ARRA earmark, staff is working with Alameda County Congestion Management Agency <br /> and Department of Transportation in evaluating options for utilizing the remaining <br /> $411,394 in funding. Staff will return to Council with options for use of the funds at later <br /> date. <br /> While the ARRA will fund this entire project, the funding will not be received until after <br /> the project has been completed. As a result, like other reimbursable grant programs, the <br /> City will use its funds to meet project cash flow. Staff is proposing to use a number of <br /> currently fully- funded Streets CIP projects that will not be incurring expenditures this <br /> fiscal year to meet project costs. Once ARRA funding has been received, staff will <br /> reimburse these projects. <br /> Submitted by: Review: Approved y: <br /> ria Ian David P. Culver Nelson Fialho <br /> V irei of Director of Finance City Manager <br /> -Com nity Development <br /> Attachments: <br /> 1. Bid summary <br /> 2. Funding and Estimated Expenditures Summary <br /> Page 3 of 3 <br />