PRESENTER: Presenter
Karrie Cook, Budget Manager
Body
SUBJECT: Title
Header
Approval of FY 2025 Project Budget Amendments for Goodwin/Conrads Lane and the 2023 Citywide Intersections projects to add funding from Districts 1 and 3 of the Roadway Impact Fee Fund as eligible Roadway Impact Fee expenditures.
DEPARTMENT: Transportation and Capital Improvements
Body
COUNCIL DISTRICTS IMPACTED: N/A
BACKGROUND INFORMATION:
On December 9, 2024, City Council approved the award of a joint-bid contract between the City of New Braunfels and New Braunfels Utilities, with Capital Excavation Company for the construction of the Goodwin/Conrads Lane Project. After the completion of the bidding and award process, the project was deemed to exceed the original engineer’s estimate. A project budget amendment is needed to supplement the projected overage of $875,000. Staff recommends utilizing available funds in service area 3 of the Roadway Impact Fee Fund.
Increase: Goodwin/Conrads Lane- $875,000
Additionally, opportunities for additional intersection improvements have been identified within the 2023 Bond Fund project for Citywide Intersections. Both projects are identified as Roadway Impact Fee-eligible projects within Service Area 1. To maximize the intersection improvement program, the total identified below will is proposed to be utilized from District 1 of the Roadway Fee Impact Fund:
Increase: Intersection Improvements - $1,127,142
ISSUE:
N/A
STRATEGIC PLAN REFERENCE:
☐Economic Mobility ☒Enhanced Connectivity ☐Community Identity
☐Organizational Excellence ☐Community Well-Being ☐N/A
FISCAL IMPACT:
Roadway Impact Fee fund balances are sufficient in Service Area 1 and Service Area 3 to contribute additional funding to these projects; therefore sufficient funds are available for these project budget amendments.
Recommendation
RECOMMENDATION:
Staff recommends approval of these project budget amendments.