| | | | | | | |  | CITY OF PLANO
COUNCIL AGENDA ITEM |
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| | | | | | | | Council Meeting Date: 7/22/2019
Department: Parks
Department Head: Robin Reeves
Agenda Coordinator: Stephanie Shaffer |
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CAPTION
To ratify an increase to the current awarded contract amount of $835,000 by $148,000, for a total contract amount of $983,000, for Park Pond Restoration, Project No. 6862, from IWC Texas, LLC; and authorizing the City Manager to execute all necessary documents. (Original Bid No. 2018-0394-B; Change Order No. 1) Approved
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FINANCIAL SUMMARY CIP
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| FISCAL YEAR: 2018-19 |
Prior Year
(CIP Only) |
Current
Year
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Future
Years
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TOTALS |
| Budget |
64,690 |
1,364,676 |
100,000 |
1,529,366 |
| Encumbered/Expended Amount |
-64,690 |
-1,189,410 |
0 |
-1,254,100 |
| This Item |
0 |
-148,000 |
0 |
-148,000 |
| Balance |
0 |
27,266 |
100,000 |
127,266 |
FUND(S): Capital Maintenance Fund
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COMMENTS: Funding for this item is available in the 2018-19 Capital Maintenance Fund Budget. The first change order for the Park Pond Restoration project, in the amount of $148,000, will leave a current year balance of $27,266 available for future expenditures for silt removal or other park maintenance projects. |
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SUMMARY OF ITEM
See Recommendation Memo
Strategic Plan Goal:
Financially Strong City with Service Excellence, Great Neighborhoods - 1st Choice to Live
Plano Tomorrow Plan Pillar:
Natural Environment |
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