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SUBJECT: STATE HIGHWAY 42/SHORT STREET GEOMETRIC IMPROVEMENTS <br />DATE: JULY 23, 2019 <br />PAGE2OF5 <br />FISCAL IMPACT: <br />The funding breakdown included in the recent budget amendment was as follows with <br />an approved budget amendment of $645,000. <br />Project Budget <br />2015 Budget <br />Account Amount <br />301499-660079 <br />(301312- $500,000.00 <br />660079) <br />2016 Budget <br />301312-660222 $1,500,000.00 <br />Budget Amendments 301312-660222 $1,379,310.00 <br />Approved 2019 Budget Amendment <br />Total Funding <br />$645,000.00 <br />$4,024,310.00 <br />Faster Funds <br />Boulder County IGA Reimbursement <br />Net City Costs <br />Project Expenditures <br />$500,000.00 <br />$1,000,000.00 <br />$2,524,310.00 <br />Consultant Contract and Addendums $723,793.09 <br />Miscellaneous Fees. $73,990.59 <br />Construction Contract with 10% Contingency <br />(Estimate) <br />$2,844,684.10 <br />Consultant Addendum (Estimate) <br />Construction Management (Estimate) <br />Total Costs (Estimate) <br />$120,000.00 <br />$260,000.00 <br />$ 4,022,467.78 <br />Staff Recommended: <br />The funding breakdown based on actual bids is as follows. <br />2019 Project Budget <br />SH 42 Corridor Improvements <br />Account Amount <br />301312-660222 $3,224,684.10 <br />2019 Project Expenditures <br />Construction Contract <br />10% Contingency <br />Construction Administration (STS Addendum) <br />Construction Management (Michael Baker) <br />Total Construction Costs <br />301312-660222 <br />$2,497,308.00 <br />$249,730.00 <br />$4,529.00 <br />$232,795.00 <br />$2,984,362.00 <br />Remaining $240,322.10 <br />CITY COUNCIL COMMUNICATION <br />