Laserfiche WebLink
<br />BUDGET <br /> <br />A summary of the recommended project funding and expenditures, which are part of this staff <br />report and are further explained within the companion financing staff report, are presented <br />below for Council's review: <br /> <br />Funding: <br />Water Fund Loan #3 <br /> <br />$2,987,012 <br /> <br />Expenditures: <br />Construction Bid (Turnout) <br />Construction Bid (Pump Station) <br />Electrical/Control Systems Direct Purchase <br />Landscaping <br />Construction Management/Soils! <br />Inspection <br />Contingency <br />TOTAL <br /> <br />$231,312 <br />$1,785,700 <br />$220,000 <br />$60,000 <br />$345,000 <br /> <br />$345,000 <br />$2,987,012 <br /> <br />SCHEDULE <br /> <br />The proposed schedule for the two subject construction projects is as follows: <br /> <br />Council Award of Contracts <br />Notice to Proceed <br />Start of Construction <br />End of Construction <br /> <br />January 16, 2007 <br />February 19, 2007 <br />March 1, 2007 <br />April 30, 2008 <br /> <br />FISCAL IMPACT <br /> <br />Construction costs for these projects will be met as detailed in the Updated Financing Plan. <br />The operation of the new booster pump station and turnout will result in some additional staff <br />operational, maintenance and energy costs. In addition, construction of these two facilities <br />will add to the City's overall base cost used to determine replacement and improvement <br />accrual charges for the entire City water system infrastructure. The additional operational, <br />maintenance and energy costs will be spread throughout the City, but will also be paid through <br />additional water use costs for properties and development within the Vineyard A venue <br /> <br />Page 8of9 <br />