TO: LINDA REICH, CITY MANAGER
FROM: HYE JIN LEE, PE, DIRECTOR OF PUBLIC WORKS
SUBJECT
title
Traffic Signal Installation at Eucalyptus & Fern (TR240).
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RECOMMENDATION
recommendation
1) Appropriate $175,000 from the unappropriated reserves of the Measure I Fund with a corresponding increase to the Traffic Signal Installation at Eucalyptus & Fern (TR240); 2) appropriate $546,402 to the Transportation Fund with a corresponding backfill transfer from the Bridges/Signal/Thoroughfare Fund 220, bringing the total project TR240 budget to $1,271,402; 3) award a construction contract to Elecnor Belco Electric, Inc., Chino, CA, for the Traffic Signal Installation at Eucalyptus & Fern (TR240) for a contract amount of $1,146,360 and authorize up to $114,636 (10% of the contract amount) for construction contingencies for a not to exceed contract amount of up to $1,260,996; and 4) authorize the City Manager to execute all necessary documents on behalf of the City.
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FISCAL IMPACT
The fiscal impact of awarding the contract listed above for Project TR240 will reduce the reserves of the Measure I Fund 322 balance by $175,000, and Fund 220 Bridges/Signal/Thoroughfare by $546,402. The City received a $553,500 in-lieu fee from Lennar Homes (Developer) for the University Park Community development, which was appropriated to Project TR240. Due to bids coming in higher than expected, an additional $175,000 from Measure I and $546,402 from the Bridges/Signal/Thoroughfare is needed to complete the project. There is sufficient fund balance in both Fund 322 and Fund 220 for this purpose.
CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES
The recommendation detailed above further the City's values and strategic issues that serve as key pillars on which identified priorities, goals, and action plans are built, by fostering:
* Positive City Image
* Responsible Long-Range Planning
* Effective Technology
Revenue: 3201000-50000
Expenditure: 3207100 - 40010|48005|...
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