Evaluation Form Rev. 01-2022
FISCAL IMPACT STATEMENT
PROGRAM: TRANSIT ORIENTED DEVELOPMENT: VAN NESS AVENUE AND OLIVE AVENUE TRANSIT STOP PW00901
TOTAL OR ANNUALIZED
RECOMMENDATION CURRENT COST
Direct Cost _$254,821__
Indirect Cost $ 93,039
TOTAL COST $347,860
Additional
Revenue or Savings
Generated
Net City Cost $347,860
Amount Budgeted
(If none budgeted,
identify source) $272,800
Indirect costs consist of the following:
Preliminary Engineering $ 45,500
Construction Engineering $ 33,860
Contingency $ 13,679
Total $ 93,039
The Transit Oriented Development: Van Ness Avenue and Olive Avenue Transit Stop Project is in Council Districts 1 and 3. The project is funded by Measure C Extension Transit Oriented Infrastructure for In-Fill (TOD) Sub-program funding.
Evaluation Form Rev. 01-2022
Language For staff report – Fiscal Impact Section
The Transit Oriented Development: Van Ness Avenue and Olive Avenue Transit Stop Project is located in Council Districts 1 and 3. The overall cost of the project is $347,860 and is funded by Measure C Extension Transit Oriented Infrastructure for In -Fill (TOD) Sub-program funding. Of the overall budget of the project, $254,821 will be used for the construction contract award. The project will have no impact to the General Fund.