HomeMy WebLinkAboutCAPITAL PROJECT BUDGET_MARVIN GRIFFIN ROAD IMPROVEMENTS PROJECT RAIL ROAD IMPROVEMENTS Augusta-Richmond County,Georgia CPB#323-041110-296823603
CAPITAL PROJECT BUDGET
MARVIN GRIFFIN ROAD
(S.R.56 to S.R. 56 Spur)
CHANGE NUMBER TEN
BE IT ORDAINED by the Commission-Council of Augusta-Richmond County,
Georgia that the following Capital Project Budget is hereby authorized:
Section 1: Approve entering into an agreement with Central of Georgia Railroad Company in the
amount of$679,635.00 for Marvin Griffm Road Improvements Project as requested
by AED.Agreement is to be executed by the Augusta, GA Legal Counsel and the Mayor.
Funds are available in the amount of$679,635 upon commission approval.
Fund allocation is from SPLOST IV Funds.
Section 2: The following revenues are anticipated to be available to the Consolidated
Government to complete the project.
Special 1%Sales Tax,Phase III $ 3,467,000
Augusta Utilities $ 77,230
SPLOST VI $ 3,334,683
AUD $ 1,833,747
GDOT Funds $ 1,800,000
SPLOST Recaptured Funds $ 272,910
SPLOST IV Fund Balance $ 679,635
$ 11,465,205
Section 3: Copies of this Capital Project Budget shall be made available to the
Comptroller for direction in carrying out this project.
Adopted this 511421/4 day ofiDe(eCr f 2�� .
Approved
A0Honorable Hardie Davis Jr.,Mayor
V3t4
Original-Commission Council Office
Copy-Engineering Department
Copy-Finance Department
Copy-Procurement Department
12/18/2017
Augusta-Richmond County,Georgia CPB#323-041110-296823603
CAPITAL PROJECT BUDGET
CPB AMOUNT CPB NEW
SOURCE OF FUNDS CPB ADDITION CPB
SPECIAL 1%SALES TAX,PHASE III
323-041110-0000000-000000000 ($3,467,000) ($3,467,000)
AU Funds ($77,230)
507043410-5212115-80900030 ($1,833,747) ($1,833,747)
328-041110-5414110-296823603 ($3,334,683) ($3,334,683)
GDOT Funds ($1,800,000) ($1,800,000)
SPLOST Recaptured Funds ($272,910) ($272,910)
SPLOST IV ($679,635)
($679,635)
TOTAL SOURCES: ($10,785,570) ($679,635) ($11,465,205)
USE OF FUNDS
ADVERTISING
323-041110-5233119-296823603 $2,000 $2,000
ENGINEERING
323-041110-5212115-296823603 $237,280 $237,280
RIGHT OF WAY
323-041110-5411120-296823603 $150,000 $150,000
RAILROAD PERMIT
323-041110-5414610-296823603 $30,000 $30,000
CONSTRUCTION
323-041110-5414110-296823603 $3,083,950 $679,635 $3,763,585
328-041110-5414110-210328201 $3,334,683 $3,334,683
GDOT FUNDS $1,800,000 $1,800,000
AUGUSTA UTILITIES
507043410-5212115-80900030 $41,000 $41,000
OTHER FUNDING$36,230 $1,833,747 $1,833,747
SPLOST Recaptured Funds $272,910 $272,910
TOTAL USES: $10,785,570 $679,635 $11,465,205
12/18/2017