Title
Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2016-2017 Annual Budget and Amending the 2017 - 2021 Capital Improvements Program to Provide Funds for Consulting Services for Project AI1705, Toyota Hangar Expansion Project
Summary
COUNCIL GOAL: Maximize Development Potential of McKinney National Airport
MEETING DATE: February 21, 2017
DEPARTMENT: Airport
CONTACT: Mark Jaraczewski, GM/McKinney Air Center
RECOMMENDED CITY COUNCIL ACTION:
• Approve Ordinance
ITEM SUMMARY:
• This Ordinance amends the Fiscal Year 2016-2017 Annual Budget and amends the 2017 - 2021 Capital Improvements Program by appropriating $235,000 from Airport Construction Fund balance to Project AI1705, Toyota Hangar Expansion Project, for consulting services.
BACKGROUND INFORMATION:
• There is an accompanying item on the Council Agenda authorizing a contract with Project Control.
• Project Control will be the project control consultant to manage budget and timeline.
• The project expands and renovates the existing 32,572 square feet of hangar and office space by adding 566 square feet of hangar space, 2,262 square feet of new office space, 3,520 square feet of new shop space with a 1,375 square foot mezzanine, and renovating the existing 7,813 square feet of office area.
FINANCIAL SUMMARY:
• The budget will be amended by appropriating $235,000 from Airport Construction Fund balance to Project AI1705, Toyota Hangar Expansion Project, for consulting services.
• Project Control shall be compensated on a monthly basis.
• Payment for services shall be a sum not to exceed ($10,500.00) per month for a maximum period not to exceed twenty (20) months - $210,000.
• Reimbursable expenses shall be a maximum monthly amount of $1,250 for twenty (20) months - $25,000.
• Total not to exceed amount for both monthly services and reimbursable expenses shall be $235,000.
BOARD OR COMMISSION RECOMMENDATION: N/A