Laserfiche WebLink
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 budget for the Sunwood <br />project is being reviewed by the Council at work session. <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 in regard to over -extending the future land proceeds obligation unless <br />sales proceeds are received prior to construction. <br />Council Action: <br />Approve Change Order #5 and direct staff to work with the contractor to make the improvements as outlined. <br />Direct staff to adjust the project/HRA budgets as necessary, based on council direction. <br />Change Order #5 <br />COR TWO Initial Improvements <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 10/18/2012 04:44 PM <br />Form Started By: Darren Lazan Started On: 10/18/2012 12:58 PM <br />Final Approval Date: 10/18/2012 <br />