FISCAL IMPACT
STATEMENT
PROGRAM: Belmont Avenue Street Light Replacement
209900106 (PW00754), Bid # 12402316
TOTAL OR ANNUALIZED
RECOMMENDATION CURRENT COST
Direct
Cost $164,842
Indirect
Cost $160,512
TOTAL
COST $325,353
Additional
Revenue or Savings
Generated $0
Net
City Cost $325,353
Amount Budgeted
(If none budgeted,
identify
source) $470,900
Indirect cost consists of the following:
Preliminary Engineering
$68,585
Construction Engineering $65,500
Contingency $26,427
Total $160,512
The is fully funded by Special Revenue Developer Contribution, a co-operative agreement with FMFCD, Urban Growth Management Park Zone funds, and New Growth Area Major Street Impact Fee. This project will not have any impact to the General Fund.