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HomeMy WebLinkAbout12445 RESOLUTION NO. 12445 A RESOLUTION TRANSFERRING FUNDS IN THE AMOUNT OF $350,000 FROM PROJECT PL1107 CITY HALL RENOVATION PHASE II TO PL0904 CITY HALL INTERIOR RENOVATION AND AUTHORIZING EXPENDITURE THEREOF FOR CITY HALL INTERIOR RENOVATION PHASE I BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds in the amount of $350,000 are hereby transferred from Project PL1107 City Hall Interior Renovation Phase II to PL0904 City Hall Interior Renovation. SECTION 2. Said funds shall be disbursed from PL1107 City Hall Interior Renovation Account for the completion of the Phase I Construction Contract awarded to H.W. Houston Construction Company, Inc. INTRODUCED: July 9, 2012 BY: Sandy Daff COUNCIL PERSON Background Paper for Proposed RESOLUTION DATE: July 9, 2012 AGENDA ITEM # Q-1 DEPARTMENT: EARL WILKINSON, P.E. DIRECTOR OF PUBLIC WORKS TITLE A RESOLUTION TRANSFERRING FUNDS IN THE AMOUNT OF $350,000 FROM PROJECT PL1107 CITY HALL RENOVATION PHASE II TO PL0904 CITY HALL INTERIOR RENOVATION AND AUTHORIZING EXPENDITURE THEREOF FOR CITY HALL INTERIOR RENOVATION PHASE I ISSUE Should City Council approve a Resolution transferring funds from Project PL1107 City Hall Renovation Phase II to PL0904 City Hall Interior Renovation Account to be expended for completion of the Phase I Construction Contract awarded to H.W. Houston Construction Company, Inc.? RECOMMENDATION Approval of Resolution. BACKGROUND Unforeseen project costs for Phase I, of which a large portion was used for the proper removal and disposal of asbestos containing materials (ACM’s), required the expenditure of the entire amount of contingencies. These additional funds requested from Phase II are necessary to complete the remaining work within Phase I of the project. FINANCIAL IMPACT Funds in the amount of $350,000 will be transferred from Project PL1107 City Hall Renovation Phase II to PL0904 City Hall Interior Renovation Account and expended therefrom for City Hall Interior Renovation Phase I. Revised: 7/05/2012 CITY HALL RENOVATION Phase I Summary of Costs ` ax '� 2� pd s • yt • �. BUILDING COSTS PHASEI AMOUNT Houston's Original Contract Amount $5,597,000 Change Orders No. 1 thru 61 $357,084 $42,916 Pending Change Orders No. 62 thru 65 Construction Contingencies (Phase I) $100,000 TOTAL PHASE I BUILDING CONSTRUCTION COSTS FOR CONTRACT WITH H.W. HOUSTON $6,097,000 OTHER (IT / FF&E / Misc. /Expenses /Encumbrences) BUILDING RELATED COSTS (Phase 1 $716,000 fy,ye, 6 ' '" r '2 + " t "'^' ""' a d n: ...::x_.s..::G..= ....u..:.u.., .., ss�.... a..�..,.s�..:..`.,L..,....�Ja. '$ ..�... _ .y,..mX' w FUNDING TOTAL FUNDS CURRENTLY ALLOCATED TO PHASE I 0 $8,462,366 ADDITIONAL FUNDS FROM PHASE II ACCOUNT II $350,634 TOTAL FUNDS NECESSARY FOR COMPLETON OF PHASE III $6,813,000