Title
Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2015-2016 Annual Budget and Amending the 2016 - 2020 Capital Improvements Program, to Provide Funds for the Ash Woods Park Pedestrian Bridge Project (PK4368)
Summary
COUNCIL GOAL: Financially Sound Government
MEETING DATE: February 16, 2016
DEPARTMENT: Parks and Recreation Department
CONTACT: Rhoda L. Savage, Director of Parks and Recreation
RECOMMENDED CITY COUNCIL ACTION:
* Approval of the Ordinance.
ITEM SUMMARY:
* This Ordinance amends the FY2015-2016 annual CIP budget and the 2016 - 2020 Capital Improvement Program, by increasing the budget by $48,320 by transferring $24,160 from the Parkland Dedication Zone 3 Fund and $24,160 for ISD Contributions to the Parks Construction Fund and appropriating the funds to CIP project PK4368 Ash Woods Park Hike and Bike Trail Bridge Project.
BACKGROUND INFORMATION:
* Project design and bidding have been completed.
* The ability to award the bid is contingent on amending the project budget as proposed.
* Through an associated Interlocal Agreement (ILA), the cities of McKinney, Frisco and the Frisco Independent School District agreed to a joint project to construct pedestrian walkways and a pedestrian bridge over an existing drainage swale in Ash Woods Park.
* McKinney's agreed portion of the project was estimated to cost $160,000, of which FISD will fund half. The following is the breakdown of the estimated cost.
City 50% share
FISD 50% share
Estimated Consultant Fee
$ 40,000.00
$ 20,000.00
$ 20,000.00
Estimated Construction Fee
$ 120,000.00
$ 60,000.00
$ 60,000.00
Estimated Budget
$ 160,000.00
$ 80,000.00
$ 80,000.00
* The actual cost is $208,320 with the break down as follows:
Actual Cost
City 50% share
FISD 50% share
Architectural and Engineerin...
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