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Automated Metering Infrastructure Project <br />July 16, 2024 <br />Page 3 <br />As indicated in the Cost Analysis (Exhibit 3) and as summarized in the table below, the <br />estimated total construction delivery cost of the project is $40,484,948. <br />Project Item <br />Total <br />Construction Contract Bid Amount <br />$35,683,230 <br />Project Administration, Inspection, Testing <br />$2,000,000 <br />Contract Contingencies <br />$2,801,718 <br />Total Estimated Project Delivery Cost <br />$40,484,948 <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />With the approval of the requested appropriation adjustment, a portion of the <br />accumulated Water fund balance will be appropriated for spending in the Water Utility <br />Capital Projects, Water Capital Project expenditure account (No. 06617647-66301). The <br />spendable portion of the Water fund balance is estimated to be $40 million as of June <br />30, 2024, which includes the water bond proceeds, is sufficient to allow for the <br />recommended appropriation of $15,000,000. <br />Approval of the requested agreement amendment with Thirkettle Corporation, dba <br />Aqua -Metric Sales Company, will add $6,000,000, including $1,500,000 in contingency <br />funds, to agreement A-2020-231, for a new agreement total not to exceed $35,683,230. <br />Funds are budgeted and available for expenditures for FY 2024-25 pending Carry <br />Forward process and City Council approval. Any remaining balances not expended at <br />the end of the current fiscal year will be presented to the City Council for approval to <br />carry forward to FY 2025-26. <br />Fiscal <br />Accounting Unit- <br />Fund <br />Accounting Unit, <br />Amount <br />Year <br />Account No. <br />Description <br />Account Description <br />(Project No.) <br />Original Project Budget <br />2024-25 <br />06617647-66301 <br />Acquisition & <br />Water Utility Capital <br />Projects, Water Capital <br />$25,484,948 <br />(16-6460) <br />Construction <br />Project <br />Appropriation Adjustment <br />2024-25 <br />06617647-66301 <br />Acquisition & <br />Water Utility Capital <br />Projects, Water Capital <br />$15,000,000 <br />(16-6460) <br />Construction <br />Project <br />