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<br />FISCAL IMPACT <br /> <br />This project will increase the amount of vegetation through the creek corridor and therefore <br />will require higher maintenance levels than currently exist for creek maintenance. Initially, it <br />is anticipated that the project will require additional costs for the first five years to remove <br />invasive species and to monitor the creek's health as vegetation establishes. Potential costs for <br />the monitoring required by the regulatory agencies and creek maintenance during the 5-year <br />grow-in period is estimated to be in the range of $30,000 to $40,000. Therefore, it is <br />recommended that the deficit balances in Table 1 be increased by $40,000 to cover the initial <br />5-year reporting period and corresponding maintenance period. <br /> <br />Supplemental funding for the project will be required in the amount corresponding to the <br />deficit amounts in Table 1, plus $40,000 for ongoing maintenance and reporting costs. Staff <br />recommends whichever option is chosen that funding be included for the 5-year reporting and <br />maintenance period. <br /> <br />Respectfully submitted, <br /> <br />;:;a~L <br /> <br />Rob Wilson <br />Director of Public Works <br /> <br />~~~ <br /> <br />David P. Culver <br />Director of Finance <br /> <br />IV <br /> <br />Nelson Fialho <br />City Manager <br /> <br />Attachment: Bid Summary (Exhibit A) <br />Kottinger Creek Project Budget (Exhibit B) <br /> <br />SR 06:144 <br />Page 60f6 <br />