HomeMy WebLinkAbout29-98 RESOLUTION•
RESOLUTION NO. 29- 98
A RESOLUTION APPROVING A CONTRACT FOR
CONSTRUCTION OF ARKANSAS HIGHWAY AND
TRANSPORTATION DEPARTMENT JOB #040179 WITH
SOUTER CONSTRUCTION COMPANY AND APPROVING THE
CITY'S MATCHING FUNDS IN THE AMOUNT OF $454,498.71,
FOR THE Mud CREEK STRUCTURE AND APPROACHES
(BRIDGE) PROJECT; AND APPROVAL OF A BUDGET
ADJUSTMENT IN THE AMOUNT OF $540,000.
BE IT RESOLVED THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS:
Section 1 That the City Council hereby approves a contract for construction of Arkansas
Highway and Transportation Department Job #040179 with Souter Construction, Company, and
approves the City's matching funds in the amount of $454,498.71, for the Mud Creek Street and
Approaches (Bridge) Project. A sepy-ef-the -contract is -attached -hereto -marked -Exhibit "A" and
made-appert-hereof-
Section 7. The City Council hereby approves a budget adjustment increasing Bridge &
Drainage Improvements, Account No. 4470 9470 5817 00, Project No. 93078 1020, in the amount
of $540,000 by decreasing Street Improvements, Account Number 4470 9470 5809 00, Project No.
95028 20, in the amount of $242,672 and Bridge & Drainage Improvements, Account No. 4470
9470 5817 00, Project No. 97039 20, in the amount of $297,328. A copy of the budget adjustment
is attached hereto and made a part hereof.
PASSED AND APPROVED this 3r day of Mar ch , 1998.
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AT"tEST:
Heather Woodruff, i Clerk
APPROVED:
By: 4 14/"{./4""/t'
Fred Hanna, Mayor
City of Fayetteville, Arkansas
Budget Adjustment Form
Budget Year
1998
Department:
Division:
Program:
Sales Tax Capital<impvs
Date Requested
March 3, 1998
Adjustment #
Project or Item Requested:
$540,000 is requested in the Sales Tax
Capital Improvements Fund for the Mud
Creek/Gregg Avenue Bridge Capital Project.
Project or Item Deleted:
$242,672 from the Cliffs - Cost
Sharing Capital Project, and
$297,328 from the Steele Property
Bridge - Cost Sharing Capital
Project.
Justification of this Increase:
Additional funding is cover the amount of
the construction contract after the bids
were received and expenses for a waterline
relocation. The City's 20% share of a
cost sharing agreement with the Arkansas
State Highway Department, increased based
on actual bids
Justification of this Decrease:
These projects are currently on hold
and will be reviewed for addition to
the 1999-2003 Capital Improvements
Program
Increase Expen e (Decrease Revenue)
Account Name Amount
Bridge & Drainage Imprs 540,000
Account Name
_- Street Improvements
Bridge & Drainage Imprs
Account Number Project Number
4470 9470
5817 00 93078 1020
Decrease Expense (Increase Revenue)
Amount
242,672
297,328
Account Number Project Number
4470 9470
5809 00 95028 20
4470 9470
5817 00 97039 20
Approval Signatures
Requested By
Date
�.-- 2-24-9B
Budget Coordinator Date
Department Director Date
Admin. vices Director
NIayor4���
Date
1/6/9f
Date
Budget Office Use Only
Type: A B C V E
Date of Approval
Posted to General Ledger
Posted to Project Accounting
Entered in Category Log
Blue Copy: Budget & Research / Yellow Copp: Requester
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