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HomeMy WebLinkAbout5/21/2003 - STAFF REPORTS (19) DATE: May 21, 2003 TO. City Council FROM: Director of Public Works/City Engineer BUDGET AMENDMENT, GENE AUTRYTRAIL/RAMON ROAD MEDIAN LANDSCAPING PROJECT, CITY PROJECT#00-01. RECOMMENDATION: That City Council approve the attached Resolution, amending the budget for the 2002/03 Fiscal Year for the Gene Autry Trail/Ramon Road Median Landscaping Project, City Project 00-01. SUMMARY: Approval of this Resolution will authorize an additional $50,000 in Measure A Local Funds to cover the additional costs associated with the Council Award of Schedule E of the Gene Autry Trail/Ramon Road Median Landscaping Project providing an upgrade of all 1-gallon plants to 5-gallon. BACKGROUND,- On April 2, 2003 City Council awarded the contract for the Gene Autry Trail/Ramon Road Landscaping Project to Mark Logan Landscape, Inc., in the total amount of $902,726. Included in the amount of the award was Bid Schedule E, which provided for upgrading the 1-gallon plants called for in the base project specifications to 5-gallon plants, and direction to pay for this bid schedule from future Measure A allocations. Approval of the attached Resolution will provide S50,000 of additional Local Measure A Funds from fund balance. Fund balance exists because sales tax collections in prior years had exceeded estimates. Approval to increase the Measure A amount for this project has been requested from Riverside County Transportation Commission. Total construction costs for this project are estimated at$1,010,000 and include costs from Southern California Edison Company, the Desert Water Agency, City contract administration and inspection, and a 5% construction contingency in addition to the $902,726 construction contractor's bid. '00, DAVID J. BARAKIAN Director of Public Works/City Engineer APPROVED:—� ATTACHMENTS: 1. Resolution REVIEWED BY DEPT. OF FINANCE RESOLUTION NO. AMENDING THE BUDGET OF 2002/03 FISCAL YEAR FOR THE GENE AUTRY TRAIL/RAMON ROAD MEDIAN LANDSCAPING, CITY PROJECT 00-01. WHEREAS Resolution 20357 approving the budget for the fiscal year 2002/03 was adopted on June 5, 2002; and WHEREAS the City Manager has recommended, and the City Council desires to approve, certain amendments to said budget; NOW THEREFORE BE IT RESOLVED that the Directcrcf Finance is authorized to record inter-fund cash transfers as required in accordance with this Resolution, and that Resolution 20357adopting the budget forthe 2002/03 budget year is hereby amended as follows: SECTION 1. ADDITIONS Fund Activity Account Amount 134 4498 50179 $50,000 Measure A Focal Funds Gene Autry/Ramon Median Purpose - To provide additional funds for the Gene Autry Trail/Ramon Road Median Landscaping Project, for Bid Schedule E included by Council in the construction contract award. SECTION 2. SOURCE - Sales tax collections in prior years exceeded estimates. Fund Activity Account Amount 134 29301 $50,000 Measure A Fund Balance Adopted this day of 2003. AYES: NOES: ABSENT: ATTEST: CITY OF PALM SPRINGS, CALIFORNIA By City Clerk City Manager REVIEWED AND APPROVED w