Laserfiche WebLink
THE CITY OF <br />-ttt <br />PLEASANTON <br />Date: <br />To: <br />From: Gerry Beaudin, City Manage <br />Adam Nelkie, I nterim Director o ublic Works <br />Subject:Agenda ltem #15b - Mid-Term Budget Reallocation of Existing Non- <br />Reskicted Funds within the CIP <br />Since the agenda report regarding the Mid-Term Budget Reallocation of Existing Non- <br />Restricted Funds within the CIP (ltem #15b), staff has received response to a Request <br />for Qualifications that was issued to better understand potential costs to development <br />an Asset Management Plan. The initial responses received from consultants indicate <br />that the cost of approximately $650,000 is less than staff had initially presumed. Staff <br />still needs to work with the consultant(s) to develop a specific project cope and cost; <br />however, it appears that the $750,000 that is currently allocated in the CIP for the Asset <br />Management Plan project may be sufficient to complete both phases 1 and 2. With this, <br />staff is now recommending that the Asset Management Plan not be defunded as part of <br />the Council's direction when considering this item. Staff will address this during the <br />presentation at the Council meeting. <br />March 19,2024 <br />Mayor and City Councilmembers