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SUBJECT: RESOLUTION NO. XX, SERIES 2016 <br />DATE: MAY 17, 2016 PAGE 8 OF 14 <br />042 - 499 - 55310 -53 State Highway 42 Traffic Signals ( +$1,000) <br />This is a carryforward of funds for the Paschal and Highway 42 Intersection <br />Improvements substantially completed in 2015. The carryforward funds represent <br />needs for reseeding in the Spring to complete the project. <br />042 - 499 - 55310 -58 Wayfinding — McCaslin & Centennial Valley ( +$70,000) <br />Wayfinding signage design expected to be approved in May 2016. Funding will allow <br />for signage creation within the corridor. <br />042 - 499 - 55310 -59 McCaslin /US36 Interchange (DDI) ( +$313,340) <br />This represents funding to allocate for reimbursement to CDOT related to additional <br />costs required during the construction of the DDI. Expenses include upgrade of <br />interchange lighting to LED, upgraded Arch Paint for longevity, upgrade fencing along <br />the highway, and additional landscaping on medians to ensure uniformity of <br />construction. <br />042 - 499 - 55310 -63 Short Street Traffic Signal ( +$11 ,000) <br />Carry forward of unspent funds and addition of new funds for traffic consultant <br />Construction Management Services during construction of Short Street and Hwy 42 <br />Intersection Improvements. <br />042 - 499 - 55310 -64 Downtown Parking /Transit Project ( +$166,230) <br />Carry forward of 2015 budget for purchase of land and construction of additional parking <br />in the Core Area redevelopment. Reduction of $231,713 from 2016 budget to match <br />total projected costs of 2015 + 2016 approved budgets. <br />042 - 499 - 55310 -68 Highway 42 & Short Crossing Improvements ( +$499,870) <br />Carry forward of funds towards design and construction of an improved intersection and <br />traffic signal at Short St. and Hwy 42. This project is currently being negotiated for <br />warrants and installation with CDOT. It is anticipated to complete construction of a <br />traffic signal in 2016 and start construction of associated median components late 2016. <br />042 - 499 - 55310 -75 Downtown Surface Parking Expansion ( +$170,000) <br />Carry forward of 2015 funds and addition of 2016 funds to complete construction of the <br />parking lot near Lucky Pie. City Requirements such as lighting, landscaping, and poor <br />soils were not anticipated in the original budget process. <br />042 - 499 - 55310 -79 Front Street Pass - Through to Community Park ( +$12,040) <br />This provides additional funding needed to cover the higher than anticipated cost of <br />concrete work and other improvements the City is required to install under the terms of <br />the agreement approved by City Council in 2006. <br />042 - 799 - 55200 -50 Recreation /Aquatics Center Expansion ( +$35,000) <br />Reclassify budget from operations to capital and adjust to current project estimate. <br />CITY COUNCIL COMMUNICATION <br />19 <br />