FISCAL IMPACT STATEMENT
PROGRAM: Audubon and Nees Avenue Signal Modification and Audubon Drive Reconstruction PW00806
TOTAL OR ANNUALIZED
RECOMMENDATION CURRENT COST
Direct Cost $ 598,236.50
Indirect Cost $ 626,263.50
TOTAL COST $1,224,500.00
Additional
Revenue or Savings
Generated $0
Net City Cost $1,224,500.00
Amount Budgeted
(If none budgeted,
identify source) $ 635,700.00
Indirect cost consists of the following:
Preliminary Engineering $ 110,000.00
Right of Way $ 379,800.00
Construction Engineering $ 76,600.00
Contingency $ 59,863.50
Total $ 626,263.50
The project is in Council District 2 and is locally funded with Citywide Traffic Signal Mitigation Impact Fees funds.