2005 AGN DEC 06 I01 - Laserfiche WebLink

Browse Search

ITEM #1 CITY OF COLTON AGENDA REPORT FOR COUNCIL MEETING OF DECEMBER 6, 2005 TO: HONORABLE MAYOR AND CITY COUNCIL FROM: Amer Jakher, P.E., City Engineer SUBJECT: APPROVE RESOLUTION AMENDING THE CAPITAL IMPROVEMENT PROGRAM (CIP) AND CIP BUDGET FOR FY 2005-2006 TO INCLUDE THE CENTER STREET EXTENSION PROJECT, CITYWIDE SLURRY SEAL PROJECT, 2005/2006 CDBG PROJECT AND INCREASE THE AVAILABLE BUDGET FOR DISTRICT 5 CIP PROJECT; INCREASING THE CIP BUDGET IN THE AMOUNT OF $1,189,831. DATE: November 8, 2005 BACKGROUND: As a result of the fund balance available in Measure I funds the following projects can now be funded: Center Street Extension Project, Citywide Slurry Seal Project, 2005/2006 CDBG Projects, and a change order to District 5 CIP. The Center Street Extension project was identified in the Capital Improvement Program for fiscal year 2004/2005. At the time of adopting the fiscal year 2005/2006 CIP the Center Street Extension Project was not included because it still had not acquired the necessary funding. The scope of work correspondent to this project is: construction of a 28' foot wide paved street (no curb, berms or drainage improvements). The Citywide Slurry Seal Project will rehabilitate various streets throughout the City. The 2005/2006 CDBG Project will supplement the three approved 2005/2006 CDBG projects numbered: 104-31245, 104-31248, and104-31247. Finally, the District 5 CIP will be amended to include the rehabilitation of additional streets. DISCUSSION/ANALYSIS: The addition of the above projects will increase the Capital Improvement Program's budget by $1,189,831. The overall CIP Budget now totals $29 million, the addition of the above mentioned projects will increase the total CIP budget to $30.1 million. The 2005/2006 fiscal year CIP budget will increase to $6.2 million. FINANCIAL IMPACT: Measure I reserve fund balance will be used to fund all of the previously mentioned projects. Available funds for Center Street Extension total $500,000 and will be made available in account 450-0614-6970-3890. Available funds for Citywide Slurry Seal Project total $364,831 and will be made available in account 450-06xx-6970-3890. The 2005/2006 CDBG Project will be funded in account 450-06xx-6970-3890, budgeted at $250,000. The $75,000 increase to the District 5 CIP Project will be made available in account 457-6613-6400-3890. ENVIRONMENTAL IMPACT: Not Applicable. 7/10/03 City Clerk's Office Cb