Fiscal Note
The proposed resolution amends the 2016 Adopted Capital Budget by appropriating $665,000 of additional budget authority to the minor project for the Lower Badger Mill Creek Phase 3 (MUNIS 10843). The major capital project for the Lower Badger Mill Creek (MUNIS 10922) is established to continue the extension of sanitary sewer to serve the Lower Badger Mill Creek Watershed. The minor Phase 2 project (MUNIS 10330) is expected to have $85,000 remaining carryover budget authority that can be transferred to the Phase 3 project. The 2016 Capital Budget currently provides $450,000 of funding backed by Impact Fees for the Phase 3 project. With the total estimated cost of $1,200,000, the expected deficit for the Phase 3 project is $665,000.
|
Project |
Amount |
Description |
|
Lower Badger Mill Creek Phase 3 |
(85,000) |
Carry-over Authority from Phase 2 |
|
(MUNIS 10843) |
(450,000) |
Existing Impact Fee Funding |
|
|
1,200,000 |
Final Estimated Cost |
|
|
665,000 |
Amendment Impact Proposed |
The Budget Amendment per the proposed resolution is as follows:
Sewer Budget Authority for Expenditure: $665,000
Sewer Budget Authority for Funding from Impact Fees: ($415,000)
Sewer Budget Authority for Funding from Capitalized Revenue Bonds: ($250,000)
MUNIS Funding Strings:
10843-83-173 $665,000
10843-83-902 ($415,000)
10843-83-808 ($250,000)
Title
Amending the 2016 Capital Budget for the Sewer Utility to provide additional funds to allow the construction of the Lower Badger Mill Creek Sanitary Sewer Interceptor Phase 3 project; and approving plans and specifications and authorizing the Board of Public Works to advertise and receive bids and authorizing the Mayor and City Clerk to sign and grant easements as needed for the project.
Body
WHEREAS, City Engineering has received requests to extend sanitary sewer service to developing lands within the Lower Badger Mill Creek Watershed, and;
WHEREAS, the City created and adopted the Lower Badger Mill Creek Impact Fee (storm & sanitary) District to allow the City to meet the public works needs associated with these requests, and;
WHEREAS, City Engineering has previously completed Phases 1 & 2 of the Lower Badger Mill Creek Sanitary Sewer Interceptor project, and;
WHEREAS, City Engineering has planned to complete the 3rd phase of this project in 2016, to serve the development known as 1000 Oaks, which is being developed by Veridian Homes LLC, and;
WHEREAS, at the time the 2016 budget was being created, the estimate for this project was $950,000.00 and it was estimated that we would have $500,000.00 in carryover funds from Phase 2 of the project, and;
WHEREAS, the final estimate for Phase 3 of the project is $1,200,000.00 (as a result of significant portions of the pipe being over 25 feet deep) and the actual carry over dollars from the Phase 2 project were only approximately $85,000.00, (as a result of a revised location for the sanitary due to an inability to acquire needed easements to install in the more cost effective location); and
WHEREAS, Engineering still needs to construct the project in 2016, and;
WHEREAS, the estimate in the needs assessment provided for a cost split between existing lands (to be covered by the Sanitary Utility) and lands to be developed in the following way
Existing lands $827,122.48 21.73%
Impact fee $2,979,621.75 78.27%
NOW, THEREFORE, BE IT RESOLVED, that the 2016 Sanitary Sewer Utility is hereby amended to add an additional $665,000.00 in budget authority to Project 10843.
BE IT FURTHER RESOLVED,
1) That the plans and specifications for Lower Badger Mill Creek Sanitary Sewer Interceptor
Phase 3, be and are hereby approved.
2) That the Board of Public Works be and is hereby authorized to advertise and receive bids for said project.
3) That the Mayor and City Clerk are hereby authorized to sign and grant easements or right-of-way release or procurement documents, maintenance agreements or encroachment agreements, as necessary and grant or accept dedication of lands and/or easements from/to the Developer/Owner for public improvements located outside of existing public fee title or easement right-of-ways.