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07 <br /> MEMORANDUM <br /> DATE: September 29, 2003 <br /> TO: Mike Mornson, City Manager <br /> FROM: Roger Larson, Finance Director <br /> ITEM: PUBLIC FACILITIES - SOIL CONTAl\'IINATION & FIRE STATION <br /> I performed an analysis to determine if funds are available to support the cost of <br /> correcting the soil contamination issue at Public Works and the higher costs for the Fire <br /> Station. <br /> The original budget for the project included: <br /> Public Works Facility $2,481,750.00 <br /> Fire Station $1,757,750.00 <br /> Land Acquisition $ 500,000.00 <br /> Architect—Oertel $ 340,000.00 <br /> Kraus Anderson(CM) $ 126,000.00 <br /> Bond Issuance/Insurance $ 138,000.00 <br /> Bond Discount $ 186,500.00 <br /> Total $5,530,000.00 <br /> The initial budget did not include contingency funding for soil contamination issues or <br /> bids coming in higher than projected. At the time.the budget was set, it was felt that the <br /> construction bids would be considerably less than the projected costs and would serve as <br /> a funding source for unforeseen costs such as contaminated soil problems or higher costs. <br /> As we are aware, the bids for Public Works came in very near the budget allocation, <br /> creating a need to research alternative funding to correct the soil contamination issues. <br /> Also, the bids for the Fire Station were higher than projected which requires the <br /> appropriation of additional funding or trimming back on the quality of the building. <br /> When trying to determine what funds might or might not be available, one of the first <br /> options is to check existing projects to determine if funds could be accessible and redirect <br /> those funds to support the deficit of another project. <br /> Upon researching our current projects, funds (up to $390,000) are available from the <br /> Water/Sewer Revenue Bonds Projects that could be transferred to the Public Facilities <br /> Project to fund the deficits. <br />