Title
Consideration of and action on an ordinance amending the Fiscal Year 2015-2016 Budget for additional costs related to the South Plant Lift Station Force Main Upsize Project.
Body
Summary: The South Plant Lift Station Force Main Upsize Project was funded by the Certificates of Obligation, Series 2014. On December 1, 2015, City Council approved the total amount of $821,255.04 for this project and the services of Fuquay, Inc. were purchased through the Buy Board. This project required two change orders for (1) additional drilling for a 12-inch force main in the amount of $27,670.50, and (2) additional pipe bursting and service connections in the amount of $49,831.00 for a total project cost of $898,756.54 (note: these change orders will also be presented to City Council during this regular meeting on August 16, 2016). An amendment in the amount of $77,502.00 for the additional drilling and pipe bursting services is proposed for the Fiscal Year 2015-2016 Budget.
Fiscal/Budgetary Impact:
This project was funded through bond proceeds from the Certificates of Obligation, Series 2014; however, the remaining proceeds from the bonds are not sufficient to cover the added costs of the South Plant Lift Station Force Main Upsize Project. The additional cost of $77,502.00 will be added to the Fiscal Year 2015-2016 Water & Sewer Fund Budget and will be funded by the prior year revenues of the Water & Sewer Fund, which are sufficient to accommodate this expense (40-501-4410, Sanitary Sewer & Lift Station Maintenance).
Recommended action
Approve the ordinance to amend the Fiscal Year 2015-2016 Budget for additional costs related to the South Plant Lift Station Force Main Upsize Project.