File #: 23-0230    Version: 1 Name:
Type: Report Action Item Status: Passed
File created: 3/2/2023 In control: Finance Committee
On agenda: 3/6/2023 Final action: 3/15/2023
Title: Request to award Unit A-23 Concrete Paving to Vinton Construction Co., Inc. in the amount of $5,331,314.05 with a 2% contingency of $106,626.28 for a project total not to exceed $5,437,940.33 (ATTACHMENTS), contingent upon approval of the following: - Postpone new concrete paving on Amethyst Drive (Bluetopaz Dr. to Aquamarine Dr.) to 2024 and re-budget funds in 2024. - Reallocate $200,000 from our 2023 Lightning Drive stream crossing/pond construction project and re-budget these funds in 2024. Budget Amendment TIF 11: Debt Proceeds +$ 1,025,000 Infrastructure Construction +$ 1,025,000 To amend the project costs within TIF 11 and increase the 2023 General Obligation debt issue for the same amount.
Attachments: 1. Attachement - Finance Committee - 3-06-23 - Award Memo and Request for Budget Amendment - Units A-23 and B-23.pdf, 2. Award of Contract Unit A-23.pdf

Title

Request to award Unit A-23 Concrete Paving to Vinton Construction Co., Inc. in the amount of $5,331,314.05 with a 2% contingency of $106,626.28 for a project total not to exceed $5,437,940.33 (ATTACHMENTS), contingent upon approval of the following:

 

- Postpone new concrete paving on Amethyst Drive (Bluetopaz Dr. to Aquamarine Dr.) to 2024 and re-budget funds in 2024.

- Reallocate $200,000 from our 2023 Lightning Drive stream crossing/pond construction project and re-budget these funds in 2024.

 

 

  Budget Amendment TIF 11:

  Debt Proceeds                                 +$ 1,025,000

  Infrastructure Construction              +$ 1,025,000

  To amend the project costs within TIF 11 and increase the 2023 General Obligation debt issue for the same amount.