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City Council Minutes Page 3 of 12 April 16, 2024 <br />Item #1 <br />Intersection Improvements Project (Bi-Annual Traffic Signal Installation, CIP No. <br />23532) with an approximately 13 percent contingency of $147,394, for a total cost of <br />$1,302,521, and budget amendments in the Gas Tax and Traffic Impact Fee Funds <br />Recommendation: <br />1. Approve plans and specifications and award construction contract to Columbia <br />Electric, Inc. in the amount of $1,155,127 for the Valley Avenue at Northway <br />Road Intersection Improvements Project (Bi-Annual Traffic Signal Installation, <br />CIP No. 23532) with an approximately 13 percent contingency of $147,394 for <br />the total cost up to $1,302,521. <br />2.Approve amendments to the FY 2023/24 budget as follows: <br />•Transfer $196,686 from the Annual Expedited Speed Lump Program (CIP <br />No. 23534) to the Bi-Annual Traffic Signal Installation Project (CIP No. <br />23532) in the Gas Tax Fund. <br />•Transfer $194,512 from the Annual Intersection Improvements and Various <br />Locations Project (CIP No. 23541) to the Bi-Annual Traffic Signal Installation <br />Project (CIP No. 23532) in the Gas Tax Fund. <br />•Transfer $200,689 from the Annual Neighborhood Traffic Calming <br />Devices Project (CIP No. 23555) to the Bi-Annual Traffic Signal <br />Installation Project (CIP No. 23532) in the Gas Tax Fund. <br />•Transfer $116,156 from the Annual Intersection Improvements and Various <br />Locations Project (CIP No. 23541) to the Bi-Annual Traffic Signal Installation <br />Project (CIP No. 23532) in the Traffic Impact Fee Fund. <br />Finance <br />7.Approve a professional services agreement with The Pun Group, LLP for professional <br />auditing services for a three-year contract with an option to extend the contract for two <br />years for a total of five years for a total not to exceed amount of <br />$523,555 with up to 20 percent contingency Recommendation: <br />•Approve a professional services agreement with The Pun Group for <br />professional auditing services for a three-year contract with an option to <br />extend the contract for two years for a total of five years for a total not to <br />exceed amount of $523,555. <br />•Authorize the City Manager or designee to execute the attached <br />professional services agreement for a three-year contract and approve <br />future contract amendments. <br />•Authorize the City Manager or designee to approve up to 20 percent in <br />contingency per fiscal year to cover testing of additional major programs <br />Page 7 of 720