Title
Consideration of and action on an ordinance amending the Fiscal Year 2017-2018 Water & Sewer Fund Budget.
Body
Summary:
It has become necessary to replace and upsize 210 linear feet of waterline located on 2nd Street (between Ivy Street and the Wastewater Treatment Plant) to help with fire safety and water pressure issues at the Wastewater Treatment Plant. The City will be requesting approval to purchase these rehabilitation services from SKE, Inc., through the Buy Board Cooperative Purchasing Program at a cost of $142,768.49. A budget amendment is needed to cover the cost of this waterline rehabilitation.
Fiscal/Budgetary Impact:
Increase the Fiscal Year 2017-2018 Water & Sewer Fund Budget by $142,770.00 (Account 40-501-4912, Water Mains), with funding of $12,365.00 from the remaining available funds in the contingency line item and funding of $130,405.00 from the prior year revenue in the Water & Sewer Fund, which is available for this purpose.
Recommended action
Approve the ordinance amending the Fiscal Year 2017-2018 Water & Sewer Fund Budget.