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HomeMy WebLinkAboutCAPITAL PROJECT BUDGET FOR IMPROVEMENTS TO WINDSOR SPRING ROAD SECTION IV- UTILITY LOCATION REIMBURSEMENT Augusta-Richmond County,Georgia CPB4 323-041110-296823766 CAPITAL PROJECT BUDGET WINDSOR SPRING ROAD IMPROVEMENTS,PHASES IV&V (SR 88 TO WILLIS FOREMAN RD AND WILLIS FOREMAN RD TO TOBACCO RD) UTILITY RELOCATION REIMBURSEMENT BE IT ORDAINED by the Commission-Council of Augusta-Richmond County, Georgia that the following Capital Project Budget is hereby adopted: Section 1: This project is authorized to CPB#323-041110-296823766 to approve supplemental reimbursement to Georgia Transmission Corp(GTC) in the amount of$32,590 for cost to relocate their transmission facilities for improving Windsor Spring Road Phase IV (Willis Foreman Road to Tobacco Road)improvements project.Also approve modifying the Utility Relocation Agreement between GTC and the City from$1,086,588 to$1,119,177 as requested by AED Section 2: The following revenues are anticipated to be available to the Consolidated Government to complete the project. Special 1%Sales Tax,Phase III $ 1,467,000 Special 1%Sales Tax,Phase IV $ 600,000 TIA Discretionary Funds $ 323,008 SPLOST III Recaptured Funds $ 248,197 TIA Utility Funds $ 259,497.00 GDOTM230 $ 1,119,177.00 $ 4,016,879 Section 3: Copies of this Capital Project Budget shall be made available to the Comptroller for direction in carrying out this project. Adopted this I day of ,7 Approved 717 AX._ Honorable Hardie Davis,Jr.,Mayor g/51/1 7 Original-Commission Council Office Copy-Engineering Department Copy-Finance Department Copy-Procurement Department 1 of 2 07.25.2017 CAPITAL PROJECT BUDGET WINDSOR SPRING ROAD IMPROVEMENTS,PHASES IV&V (SR 88 TO WILLIS FOREMAN RD AND WILLIS FOREMAN RD TO TOBACCO RD) UTILITY RELOCATION REIMBURSEMENT CPB AMOUNT CPB NEW SOURCE OF FUNDS CPB ADDITION CPB SALES TAX,PHASE III 323041110-000000-299823766 ($1,467,000) ($1,467,000) SPECIAL 1%SALES TAX,PHASE IV 324041110-000000-202824766 ($600,000) ($600,000) TIA DISCRETIONARY FUNDS ($323,008) ($323,008) SPLOST III RECAPTURE FUNDS ($248,197) ($248,197) TIA UTILITY FUNDS ($259,497) ($259,497) GDOT FUNDS ($1,086,587) ($32,590) ($1,119,177) TOTAL SOURCES: ($3,984,289) ($32,590) ($4,016,879) USE OF FUNDS ENGINEERING 323041110-5212115-299823766 $1,715,197 $1,715,197 ENGINEERING 324041110-000000-202824766 $600,000 $600,000 TIA DISCRETIONARY 235041110-5411120-299823766 $323,008 $323,008 UTILITY 371-041110-T15040154-5414510 $259,497 $259,497 GDOT M230 FUNDS $1,086,587 $32,590 $1,119,177 TOTAL USES: $3,984,289 $32,590 $4,016,879 2 of 2 07.25.2017