RECOMMENDATION(S):
APPROVE the Rodeo Pedestrian Enhancement Project contingency fund increase of $5,000 for a new contingency fund total of $24,091, and a new payment limit of $215,001, effective October 12, 2021, as recommended by the Public Works Director. Project No. 0662-6R4148 (District IV)
FISCAL IMPACT:
The Project is being funded by 33% Transportation Development Act (TDA) Grant Funds and 67% Local Road Funds.
BACKGROUND:
The increased contingency is necessary to pay the contractor, Kerex Engineering, Inc., for additional costs incurred as a result of re-location and installation of a pedestrian push button to meet ADA guidelines. Additional funds needed to complete final pay for contract.
CONSEQUENCE OF NEGATIVE ACTION:
The lack of approval would prevent successful completion of this contract and prevent payment for the additional work performed by the contractor.
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