FISCAL IMPACT STATEMENT
PROGRAM: Herndon Avenue Overlay from Valentine Avenue to Marks Avenue 209900339 PW01003 Bid File# 12500898
TOTAL OR ANNUALIZED
RECOMMENDATION CURRENT COST
Direct Cost $ 992,655
Indirect Cost $ 562,145
TOTAL COST $1,554,800
Additional
Revenue or Savings
Generated
Net City Cost $1,554,800
Amount Budgeted
(If none budgeted,
identify source) $1,165,100
SUMMARY OF INDIRECT COSTS:
Preliminary Engineering $276,800
Construction Engineering $186,100
Contingency $ 99,245
Total $562,145
The Herndon Avenue Overlay from Valentine Avenue to Marks Avenue project is funded by the Surface Transportation Block Grant (STBG). Local match is funded by SB1 Road Maintenance and Rehabilitation Account (RMRA) funds. Of the total costs, $174,500 incurred in prior years and $215,200 is projected to be carried over budget to FY2026.