HomeMy WebLinkAbout2001 11 12 Informational B Oak Forest Wall and Beautification District Project
.
COMMISSION AGENDA
ITEM B
CONSENT
INFORMATIONAL X
PUBLIC HEARING
REGULAR
November 12,2001
Meeting
MGR r-/' IDEPT yf~ /
Authorization
REQUEST: Public Works Department Updating the City Commission on the Status of
the Oak Forest Wall and Beautification District Project
.
PURPOSE: The purpose of this agenda item is to update the City Commission on the progress
and financial status of the Oak Forest Wall and Beautification District
Improvement project.
CONSIDERA TIONS:
.
The Oak Forest Wall Project is substantially complete as part of the Tuskawilla
Road project. The advisory committee provided their input from a field inspection on
October 20th. Staff inspected the entire wall along with the County's CEI project manager
who generated an extensive punch list. The County is holding the 10% retainage until
punch list items are complete.
The attached cost breakdown shows the projected expenses to date. The total
capital construction costs are projected to be $653,193. This is approximately $37,000 or
5.4% below the estimates provided at last years public hearing. The estimated remaining
capital funds are $70,079. The wall cost reduction is due to the actual length of the wall
being less than was estimated because the roadway centerline was used as the baseline
rather than the edge of the right of way.
The construction should be complete by the end of the year and the final costs will
be reported to the City Commission at that time. The bid for maintenance of the
entranceways and Tuskawilla Road should be ready for bidding by the end of the month.
.
.
.
November 12,2001
Information Agenda Item B
Page 2
FUNDING:
The project is within the original capital budget funded from the proceeds of the 5-
- . year Bank note. Once the final capital costs are determined in about 90 days, the City
Manager, Finance Director and Financial Advisor will review the alternatives available for
structuring the debt and report back to the City Commission.
ATTACHMENTS:
1. Cost Report
COMMISSION ACTION:
. . .
OAK FOREST WALL & BEAUTIFICATION DISTRICT
Public Projected
Estimated Julv 97 Julv 99 April 00, Hearina Actua/
REVENUES
NOTE PROCEEDS $723,272
ONE CENT SALES TAX - INTERLOCAL AGREEMENT $292,000
TOTAL REVENUES I $1,015,272 ,
EXPENDITURES
ENGINEERING DESIGN & FOOTER COST $292,000 $247,877 $247,877 $247,877 $242,865
WALL IMPROVEMENT COST $340,000 $593,895 $593,895 $593,895 $582,780
Wall Cost $577,490
Change Order - Entrance Receptacles $2,570
Change Order - Add'l Lettering $2,720
CONSTRUCTION & ENGINEERING INSPECTION $0 $65,910 $65,910 $65,910 $65,910
CONTINGENCY $41,000 $29,700 $44,542 $29,700 $5,878
FPC - Move Guy Wires $3,878
TWC - Move Power Transformer $2,000
FPC - Move Trotwood Pole $460
ASSESSMENT PROGRAM/ADMIN COSTS $65,000 $65,000 $65,000 $45,000 $47,760
Government Services Group $34,496 )>
r
Note Issuance Costs $6,341 -i
m
Administration $6,923 ;:0
2
TOTAL COSTS $738,000 $1,002,382 $1,017,224 $982,382 I $945,193 I )>
-i
m
2
ESTlMA TED REMAINING CAPITAL FUNDS $70,079 0
11/05/2001