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HomeMy WebLinkAboutItem #11 Approval of Revised 2003 Special Project Budget AGENDA ITEM COVER SHEET Meeting Date: October 6, 2009 Item # , L Contact Name: Contact Number: Charles K. Smith, P.E 407 -905-3159 Reviewed By: Department Director: Charles K. Smit City Manager: Robert Frank Subject: Revised 2003 Special Project Budget Background Summary: Attached is a recommend updated Special Project Budget previously approved by commission May 16, 2006 that reflects current project statuses and recommended projects' inclusion, funded and unfunded, to be added to the budget. The following summarizes the changes to budget: 1. Increase Project 5a "S. R. 50 CollectionfTransmission System Relocation and Expansion" budget amount by $135,632 to cover additional costs incurred due to construction in the relocation of Lift Station #7, providing electrical power to the station, isolation and abandonment of the 12" forcemain located in the S.R. 50 Right of Way, and provide for contingency. 2. Increase Project 11 b "Blackwood Reuse Transmission Main" budget amount by $28,163 to cover additional work and provide contingency. 3. Add Project 10b "Woodberry Easement Acquisition" with a funding amount of $65,000 to cover the cost of the utility easement procurement and legal expenses. 4. Add Project 20b "Reclaim Interconnection(s)" with a funding amount of $1,250,000 for reclaim system interconnection and transmission projects. 5. Add the unfunded projects 14b thru 19b. Issue: Should City Commission approve the revised 2003 Bond Issuance Proceeds Budget and authorize the City Manager to implement the budget? Recommendations Staff recommends City Commission approve the "Revised October 6, 2009 - 2003 Bond Issuance Proceeds Budget" and authorize City Manager to implement the revised bond proceeds budget. Attachments: Revised Special Project Budget. Financial Impact: There is no direct fiscal impact by this action. 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