MEETING DATE:
JUNE 25, 2024
SUBJECT:
Title
RESOLUTION NO. 2024-9302 - AUTHORIZING A BUDGET AMENDMENT TO THE FISCAL YEAR 2023-24 BUDGET FOR THE APPROPRIATION OF ADDITIONAL FUNDS AND DELEGATING TO THE CITY MANAGER THE AUTHORITY TO EXECUTE FINAL CLOSE-OUT DOCUMENTATION, CONTRACT AMENDMENTS, ALONG WITH AUTHORITY TO MODIFY THE BUDGETS ASSOCIATED WITH THE CREEK INFRASTRUCTURE PROJECT (CIP# 88263, 88264, 88265, 88505, 88507, 88529) WITHIN COUNCIL APPROVED APPROPRIATIONS.
Body
Recommendation
Recommendation
APPROVE resolution authorizing the appropriations of additional funds and delegating certain authority to the City Manager.
Body
Board or Commission Action
Not Applicable
Relevant Council Strategic Theme
Quality of Life
Good Governance
Executive Summary
The Creek Infrastructure Project is an expansive project consisting of six individual projects packaged into a single construction contract. The projects are funded with 13 sources including both state and federal grants. With the Creek Infrastructure Project (Project) nearing completion numerous post-construction activities will need to be completed, new contracts put in place relating to post-construction activities, close-out activities and audits performed and fiscal close-out of the various projects that comprise the overall larger Project. The proposed action would appropriate additional funds to address post-construction activities.
Additionally, the proposed action would delegate to the City Manager the authority to execute amendments to existing contracts for extension of staff for the Project for both close-out activities and post-construction support. Authorization is also requested to allow the City Manager authority to manage the six component projects of the Project as a single capital project which will assist in final financial audits and close-out activities. Management of the six component projects will be limited to appropriations approved by the City Council.
Discussion
The City...
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