Title
Consider/Discuss/Act on an Ordinance Amending the 2010-11 Annual Budget, Including the 2011-2015 Capital Improvements Program, from the Park Development Fund Zone 3 to Project PK5029 for the Tennis Complex at 3253 Alma Road
Summary
MEETING DATE: May 17, 2011
DEPARTMENT: Parks, Recreation and Open Space
Development Services / Engineering
CONTACT: Lemuel Randolph, Director of Parks, Recreation and Open
Space
Patricia L. Jackson, P.E., Facilities Construction Manager
RECOMMENDED CITY COUNCIL ACTION:
· Approval of the Ordinance
ITEM SUMMARY:
· This Ordinance authorizes the addition of $255,124 from the Park Development Fund - Zone 3 fund balance to CIP Project PK5029 - Tennis Complex.
· With previous actions and administrative transfers this Budget Amendment will bring the total project costs of CIP Project PK5029 - Tennis Complex, to $3,755,124.
BACKGROUND INFORMATION:
· Upon approval of this proposed budget amendment, the Total Project Budget for CIP Project PK5029 will be $3,755,124.
· Bids on the construction costs have been received by Pogue Construction, the Construction Manager, and exceed the originally estimated cost of construction by $262,489. A separate agenda item recommends awarding a contract amendment for the Guaranteed Maximum Price to Pogue Construction.
· Value-engineering has been completed and brings the total construction cost to $3,235,224 and the total project cost to not exceed $3,755,124. Additional cost savings for this project will continue to be explored and evaluated.
FINANCIAL SUMMARY:
· This Ordinance authorizes a CIP budget amendment, transferring $255,124 from the Park Development Fund - Zone 3 fund balance to the Tennis Complex Project (PK5029)
BOARD OR COMMISSION RECOMMENDATION:
· On May 12, 2011, the Parks, Recreation and Open Space Advisory Board recommended to City Council that these funds be transferred.