SR 05:277 - Laserfiche WebLink

The original funding plan was revised with the intention that the De Silva group fund and build the new bridge, and be reimbursed for half of the costs with the development of the SFWD property. A reimbursement agreement was to have been modified to have the SFWD property developers increase their share of the total cost of the bridge. The reimbursement agreement was never modified. Instead, during negotiations with the development of the SFWD property, a condition of development was created requiring the developers of the SFWD property to fund half the cost of the new bridge, capped by a maximum contribution of $700,000. A condition of the tentative parcel map for the SFWD property allowed the $700,000 to also be used for improvements installed on Bernal Avenue, subsequently reducing the contribution to the bridge to $500,000. The capping of the contribution and subsequent reduction of the funding to $500,000 has placed the City in the position of making up the difference between $500,000 and the cost for half of the bridge. For example, the De Silva Group received a bid for construction of the bridge in 2003 in the amount of $1,800,000, which would make the De Silva Group's 50% share, $900,000. However, with a remaining reimbursement of $500,000 from the SFWD property, the De Silva Group's cost to complete the bridge would be $1,300,000. The De Silva Group would ask the City to reimburse the difference between their 50% share of $900,000 and $1,300,000, or $400,000. The City has budgeted this amount with the adoption of the Capital Improvement Program earlier this year. Next Steps: After the selection of a design alternative for the bridge, the consultant working for the De Silva Group will complete the preparation of the construction plans. The De Silva Group will then proceed to receive bids for the construction of the bridge. After the bids have been opened, The De Silva Group will decide on whether to proceed with the construction of the bridge, or proceed in a different direction. Should the De Silva Group decide to proceed, a reimbursement agreement will be entered into between the City and the De Silva Group and construction started. Construction could begin as early as Spring, 2006. FISCAL IMPACT The fiscal impact to the City for the construction of the new bridge will be determined at a later date when construction bids for the bridge are received. If the construction bids exceed $1.8 million, the City will need to secure additional funding for the bridge or decide not to proceed with the project in the short-term. Respectfully Submitted, U(;)L Rob Wilson Director of Public Works Nelson Fial 0 City Manager Attachments: Existing Bridge Railing Options Hybrid Option Historical Bridge Option SR:05:277 Page 4 of 4