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Approve Additional Contingency Funds for Warner Avenue Street Improvements Project
<br /> May 21, 2024
<br /> Page 2
<br /> installing parkways, raised median landscaping, storm drains, protected bike lanes, sound
<br /> walls, street lights, and traffic signals.
<br /> Lonerock, Inc. has completed underground utilities installation and the southern portion
<br /> of the Warner Avenue segment. However, due to a combination of cost escalation, labor
<br /> and market pricing steadily rising, and executed and anticipated change orders, costs for
<br /> Warner Avenue Improvements will surpass the $1,155,145 contingency identified for this
<br /> portion of the work (Exhibit 3). Additional contingency will also be needed for future
<br /> potential unforeseen work as the project progresses to completion.
<br /> The recommended action will increase the project contingency by an additional
<br /> $1 ,700,000 thereby increasing the total estimated construction delivery cost to
<br /> $14,755,867 as indicated in the Revised Cost Analysis (Exhibit 4) and as summarized in
<br /> the table below:
<br /> EXPENDITUR ADDED
<br /> E ORIGINAL CIP ADDITIONAL NEW TOTAL
<br /> CATEGORY AMOUNT 23/24 FUNDING
<br /> Construction
<br /> Contract Bid $9,486,525 $9,486,525
<br /> Amount
<br /> Construction
<br /> Administration, $1,614,197 $1,614,197
<br /> Inspection,
<br /> Testing
<br /> Contingencies $1,155,145 $800,000 $1,700,000 $3,655,145
<br /> Total
<br /> Estimated
<br /> Construction $12,255,867 $800,000 $2,500,000 $14,755,867
<br /> Delivery Cost
<br /> Staff recommends the approval of the recommended action in order to continue the
<br /> construction of the Warner Avenue Street Improvements Project .
<br /> ENVIRONMENTAL IMPACT
<br /> In accordance with the California Environmental Quality Act, the recommended actions
<br /> are exempt from further review. On September 1, 2015, City Council approved the Warner
<br /> Avenue Final Environmental Impact Statement (SCH No. 2012101004)
<br /> FISCAL IMPACT
<br /> As indicated in the Cost Analysis, the estimated total construction delivery cost of the
<br /> project (14-6802) is $14,755,867, which includes construction, contract administration,
<br /> City Council 11 — 2 5/21/2024
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