Agenda Packet_2024-07-16 (Revised)

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Automated Metering Infrastructure Project July 16, 2024 Page 3 As indicated in the Cost Analysis (Exhibit 3) and as summarized in the table below, the estimated total construction delivery cost of the project is $40,484,948. Project Item Total Construction Contract Bid Amount $35,683,230 Project Administration, Inspection,. Testing $2,000,000 Contract Contingencies $2,801 ,718 Total Estimated Project Delivery Cost $40,484,948 ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. FISCAL IMPACT With the approval of the requested appropriation adjustment, a portion of the accumulated Water fund balance will be appropriated for spending in the Water Utility Capital Projects, Water Capital Project expenditure account (No. 06617647-66301). The spendable portion of the Water fund balance is estimated to be $40 million as of June 30, 2024, which includes the water bond proceeds, is sufficient to allow for the recommended appropriation of $15,000,000. Approval of the requested agreement amendment with Thirkettle Corporation, dba Aqua-Metric Sales Company, will add $6,000,000, including $1 ,500,000 in contingency funds, to agreement A-2020-231 , for a new agreement total not to exceed $35,683,230. Funds are budgeted and available for expenditures for FY 2024-25 pending Carry Forward process and City Council approval. Any remaining balances not expended at the end of the current fiscal year will be presented to the City Council for approval to carry forward to FY 2025-26. Fiscal Accounting Unit- Fund Accounting Unit, Amount Year Account No. Description Account Description Project No. Original Project Budget 06617647-66301 Acquisition & Water Utility Capital 2024-25 (16-6460) Construction Projects, Water Capital $25,484,948 Project Appropriation Adjustment 06617647-66301 Acquisition & Water Utility Capital 2024-25 (16-6460) Construction Projects, Water Capital $15,000,000 Project City Council 16 — 3 7/16/2024