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PROJECT GROUP NO.2 CONTINUE <br />C.D.B.G PROJECT 104-21605 <br />Location Agua Mansa Road <br />Approved C.D.B.G. Reimbursable $ '45,000_Q0 <br />Current allocation $ 41,396.00 <br />C.D.B.G. PROJECT 104-2180 <br />Location Congress, L, N, C, 7t', 10th and 11th Streets. <br />Approved C.D. <br />B.G. Reimbursable $394,200.00 <br />Appro $ 88,604.00 <br />Current allocation <br />Contract award for the three <br />C.D.B.G. Projects <br />104-20505,104-21605 and 104-21805 $493,075.70 <br />Shortfall $128,845.70 <br />SUMMARY: <br />These are all approved projects adopted by the Capital improvement <br />Pavement <br />the <br />Fiscal Year 1996-97. There is a project cost saving from the 1996 <br />Rehabilitation Program, in the amount of $144,518 — which is Gas Tax unrestricted <br />funds. <br />Staff proposes the following to adjust these shortfalls. <br />cost savin s from the 1996197 Pavement Rehabilitation Program, in <br />i <br />To transfer the g <br />the amount of $144,518 to the C.D.B.G. To re -allocate H Y Project 104-21705. <br />04-9 6 g7'Capital Improvement <br />Host Cit Fee funds from the <br />Budget (Agus Mansa - bike lanes) in the amount of $50,000 to C.D.B.G. Project <br />104-21605. <br />To execute a budget amendment from the Fiscal to C.D.B.G. 996-97 Capital <br />aolecp 104-21805 <br />Budget - Gas Tax rovement <br />Fund in the amount of $72,032 <br />FINANCIAL IMPACT: <br />he Fiscal 1996-97 Capital <br />� The impact would be the budget amendment the _ <br />improvement Budget -Gas Tax Fund, in the C.I.P. budget5amount <br />of $72,032 to C.D.B.G. Project 104-21805. There are � availablen the Capital <br />improvement Budget to cover these costs. <br />I <br />ENVIRONMENTAL: <br />None <br />2 <br />j <br />