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FUNDING <br /> <br />The funding amount for this project is $200,000. <br /> <br />EXPENDITURES: CIP 045054B <br />City Purchased Equipment $ 38,512.73 <br />Construction Bid $137,424.00 <br />Surveying Services $ 2,000.00 <br />Geotechnical Services $ 2,000.00 <br />Contingency $ 20,063.27 <br />ESTIMATED TOTAL $ 200,000.00 <br /> <br />REVENUES.' <br /> CIP No. 045054 (Traffic Signal/Foothill High) $31,000 <br /> CIP No. 035020 (Hacienda/Owens Upgrade Signal) $49,000 <br /> CIP No. 025019 (Traffic Signal Foothill/Muirwood) $120,000 <br /> $200,000 <br />SCHEDULE <br /> <br />The proposed schedule for the subject project is as follows: <br /> <br /> Council Award of Contract February 15, 2005 <br /> Start of Construction March 1, 2005 <br /> End of Construction July 1, 2005 <br /> <br />FISCAL IMPACT <br /> <br />This project will result in an increase to our monthly electrical cost by $150 per month <br />and the maintenance of the signal will be incorporated into our existing signal <br />maintenance agreement for an additional $169.00 per month. There will also be an <br />annual increase in contributions to the traffic signal replacement fund of several <br />thousand dollars per year. <br /> <br />Respectfully Submitted, <br /> <br />Rob Wilson Susan Rossi Nelson Fialho <br />Director of Public Works Director of Finance City Manager <br /> <br />SR 05:035 <br />Page 3 of 3 <br /> <br /> <br />