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the material provided for Armstrong Boulevard those costs could be used to offset the material costs and reconcile <br />those efforts. When the initial budget was set and approved, the former city engineer erred in the summary of the <br />work and counted the $200,000 effort to fill and grade the Sunwood retail area twice, once in the bid from the <br />contractor, and once again in a separate line item. As a result, the project costs were overstated, and additional <br />funding under the approved budget is available to fund Change Order #5. The overall project budget for Sunwood <br />is being reviewed as a separate item by the Council this evening <br />Alternatively, because the items included in Change Order #5 are currently budgeted in the pro -forma for the HRA <br />project, the improvements could be funded with HRA fund balances and refunded with land sale proceeds for the <br />first closing on lots 3-5. Staff has concerns about over -extending the future land sales proceeds obligation unless <br />project costs are incurred after sales have been finalized. <br />Council Action: <br />Provide consensus direction on the improvements outlined in Change Order #5. <br />Change Order #5 <br />COR TWO Initial Improvements <br />Inbox Reviewed By <br />Kurt Ulrich Kurt Ulrich <br />Form Started By: Darren Lazan <br />Attachments <br />Form Review <br />Final Approval Date: 10/18/2012 <br />Date <br />10/18/2012 04:38 PM <br />Started On: 10/18/2012 12:57 PM <br />