Fiscal Note
The proposed resolution increases the budget for the Fleet Service Relocation project by $300,000. The 2019 Adopted Capital Budget includes $29.2 million for construction of the new Fleet facility at Nakoosa Trail. Based on revised project estimates the total construction cost for the project is $30.4 million. The increase will be funded by transferring $300,000 from the Fleet’s vehicle replacement program to the relocation project. The surplus funds are from prior year appropriations and are not needed to stay current on Fleet’s vehicle replacement program. The source of funds for this transfer is GO Borrowing.
Title
Amending the 2019 Capital Budget to transfer $300,000 of carryforward GO Borrowing authority from the Fleet Service vehicle replacement program to the Fleet Service Relocation project be used for the construction of the Nakoosa Trail Fleet/Fire/Radio Shop Facility project. (15th AD)
Body
WHEREAS this resolution amends the Fleet Service’s 2019 Adopted Capital Budget by transferring $300,000 in GO Borrowing from the Fleet Vehicle Replacement Program (Munis #17062) to Fleet Service Relocation (Project #10305); and,
WHEREAS based on construction project estimates the transfer of funding is necessary for the purpose of covering costs during construction for staff time, communications fiber line installation, data room equipment, wireless communications equipment, soils testing services, moving expenses, miscellaneous A/E design services, audio/visual equipment, building operations maintenance equipment, and similar items during the construction phase of the Fleet/Fire/Radio Shop Facility project located at 4151 Nakoosa Trail; and,
WHEREAS this resolution will bring the total authorized capital budget for the Fleet Service Relocation capital budget to $30,351,075; and,
NOW, THEREFORE, BE IT RESOLVED that $300,000 of carryforward GO Borrowing authority from the Fleet Vehicle Replacement Program (Munis #17062) is transferred to the Fleet Service Relocation (Project #10305) capital budget.