SUBJECT:
Title
Transfer Project Funds and Amend the Capital Improvement Program - Infrastructure Surtax Capital Project Fund - $866,000
Body
INITIATOR:
DEPARTMENT:
Steven Cohoon, P.E., County Engineer
Office of the County Engineer
DESCRIPTION/BACKGROUND:
The low bid for STC073880 - SE 183rd Ave Rd came in at $2,827,250.26. The current available budget is $2,249,209. In order to facilitate the overage as well as 10% contingency and testing, it requires an increase in the construction budget. $866,000 will be transferred from STC073801 - NW 49th/35th St Ph 2B to fund the increase, as it is currently sufficiently funded.
BUDGET/IMPACT:
Neutral
RECOMMENDED ACTION:
Recommended action
Motion to approve the transfer of project funds and amend the CIP.
end