Evaluation Form With DBE Goal Rev. 07-2022
FISCAL IMPACT STATEMENT
PROGRAM: EAST JENSEN AVENUE OVERLAY – STATE ROUTE 41 TO SOUTH MARTIN LUTHER KING JR. BOULEVARD.
Project ID 209900129 Inv No. 12301728
TOTAL OR ANNUALIZED
RECOMMENDATION CURRENT COST
Direct Cost $ 2,219,535.45
Indirect Cost $ 678,964.55
TOTAL COST $ 2,798,500.00
Additional
Revenue or Savings
Generated $0
Net City Cost $ 2,798,500.00
Amount Budgeted
(If none budgeted,
identify source) $2,917,900.00
Preliminary Engineering $ 203,400.00
Right of Way $ 67,700.00
Construction Engineering $195,900.00
Contingency $2 21,954.55
Total $ 678,964.55
The East Jensen Avenue Overlay project is grant funded by a federal grant from the Surface Transportation Block Grant (STBG) Program. Local match is funded by SB1 Road Maintenance and Rehabilitation Account (RMRA) funds.
The Jensen Avenue Overlay project is located in Council District 3. The overall cost of the project is $2,798,500 and is funded by a federal grant from the Surface Transportation Block Grant Program (STBG). Local match is funded by SB1 Road Maintenance and Rehabilitation Account (RMRA) funds. Out of the overall budget, $2,219,535.45 will be used for the construction contract award. All funds required for the contract award are included in the current fiscal year budget, as previously adopted by the Council. The project will have no impact on the General Funds.