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Budget <br /> A total of $1,667,542 was budgeted for this project which included a reimburseable <br /> CMA Block Grant funding of $876,000, and a fund transfer of $791,542 from the Annual <br /> Resurfacing of Various Streets, CIP 115003. <br /> The project was completed for a total cost of $1,265,381.05. Staff has since submitted <br /> two invoices for reimbursement of the CMA Block Grant funding. The final invoice will <br /> be submitted after the release of the retention to O'Grady Paving, Inc. Staff anticipates <br /> full reimbursement from the CMA Block Grant program to be received by November <br /> 2012. <br /> Contract change orders for the project totaled ($87,041). Additive change orders <br /> totaled $76,366 for various necessary modifications. Deductive change orders included <br /> a credit for the asphalt price fluctuation amounting to $7,731, and a net balancing <br /> change order credit in the amount of $155,677, which was generally for quantities less <br /> than originally estimated. <br /> Submitted bye Fiscal Review: Approv by:Cfit tr <br /> Brian Do n Emily agner Nelson Fialho <br /> Director of Director of Finance City Manager <br /> Community Development <br /> Attachments: <br /> 1. Funding and Expenditure Summary <br /> Page 3 of 3 <br />