Minutes 04/11/2006 - Laserfiche WebLink

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April 11. 2006 Discussion: . As a result of the uncertainty of the construction market, staff recommended awarding the contract to the next lowest bidder, Branscome Inc., who agreed to honor their prices as originally bid. . Awarding the contract to the 2nd bidder resulted in an increase in project cost of approx. $1.2 million. . Portsmouth previously received an award of $744,920 in Revenue Sharing Funds to be matched with an equal amount of City funds for the TCC street infrastructure. . Due to timing and process issues, staff advises that these Revenue Sharing funds would be more appropriately spent to fund the shortfall in the Victory Blvd project. . Therefore, as required by VDOT, this resolution requests that these Revenue Sharing funds be transferred from the TCC project to the Victory Blvd project. . Financial Impact: Adoption of this resolution will require that 50% of the shortfall, or approximately $600,000 be funded by the City of Portsmouth. The $600,000 will be funded through a reprogramming of the proposed FY 07 CIP. Staff Recommends: Adoption of a Resolution requesting transfer of $ 1,489,840 in funds previously allocated to the Tidewater Community College Street Infrastructure project from the Virginia Department of Transportation Fiscal Year 2005-2006, Revenue Sharing Program to the Victory Blvd. Improvements Project. This $1,489,840 is inclusive of the City Share of $744,920 and the VDOT share of $744,920. Vision Principles: Neighborhood and Community Transformation. Next Steps Following Council Action: . Submit the adopted Resolution to the Commonwealth Transportation Board on April 20, 2006 for approval. . Award construction project Motion by Mr. Moody, and seconded by Mr. Whitehurst, to adopt the following resolution, and was adopted by the following vote: "RESOLUTION REQUESTING THAT THE VIRGINIA DEPARTMENT OF TRANSPORTATION TRANSFER $1,489,840 PREVIOUSLY ALLOCATED IN ITS FY 2005-2006 REVENUE SHARING PROGRAM FROM THE TIDEWATER COMMUNITY COLLEGE STREET INFRASTRUCTURE PROJECT TO THE VICTORY BOULEVARD IMPROVEMENTS PROJECT. WHEREAS, in FY 2005 - 2006 the City of Portsmouth elected to participate in the Virginia Department of Transportation (VDOT) Revenue Sharing Program for the Tidewater Community College Street Infrastructure project (UPC 78833) with a $744,920 city match and a $ 744,920 state match; and WHEREAS, the Tidewater Community College Street Infrastructure project has not yet started, and there is a balance of funds remaining of $ 1,489,840 consisting of the above-referenced city and state matches; and WHEREAS, the City of Portsmouth desires to adopt the following roadway construction project as a revenue sharing project: Victory Boulevard Improvements from Cavalier Boulevard to Greenwood Drive (UPC 51863), and WHEREAS, the City of Portsmouth desires that VDOT transfer the previously allocated $744,920 city share and $744,920 VDOT share from Tidewater Community College Street Infrastructure project # UOOO-124-R45, PE101, C501 (UPC 78833) to Victory Boulevard Improvements Project # UOOO-124-136, P1 01, R201, C501 (UPC 51863).