Item 15 - Approve Additional Contingency Funds for the 10th and Flower Street Improvements

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Additional Contingency Funds for loth and Flower Street Improvements July 1, 2025 Page 2 pedestrian improvements by approximately 150 feet to fully restore the affected street areas and deliver a more complete pedestrian and mobility improvement project. To capitalize on the favorable pricing of the existing contract with Vido Samarzich, staff is requesting an increase in contingency funding in the amount of$375,000 to perform additional street paving and sidewalk construction work as part of the existing project and complete the street improvements prior to starting construction on the future park. The recommended action will increase the project contingency by $375,000 thereby increasing the total estimated construction delivery cost to $2,220,898 as indicated in the Revised Cost Analysis (Exhibit 3) and as summarized in the table below: EXPENDITURE ORIGINAL ADDITIONAL NEW TOTAL CATEGORY AMOUNT FUNDING Construction Contract $1,476,719 $1,476,719 Construction Administration, Inspection, $221,507 $221,507 Testing Project Contingencies $147,672 $375,000 $447,672 Total $1,845,898 $375,000 $2,220,898 ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. FISCAL IMPACT As indicated in the Cost Analysis, the estimated total construction delivery cost of the project is$2,220,898. All funds are available for expenditure in Fiscal Year 2025-2026. Any remaining balances not expended at the end of the fiscal year will be presented to City Council for approval to carry forward to Fiscal Year 2026-2027. With the approval of the requested appropriation adjustment, a portion of the accumulated fund balance will be appropriated for spending in the Residential Street Improvement, Improvements Other Than Buildings Account (No. 05817660-66220). The spendable portion of the fund balance is estimated to be $2,327,505 as of June 30, 2025, which is sufficient to allow for the recommended appropriation of$375,000. The following table summarizes the funds budgeted and available for expenditure to deliver construction of this project (Exhibit 4).