HAYWARD CITY COUNCIL
RESOLUTION NO. 22-____
Introduced by Council Member __________
RESOLUTION APPROVING THE TRANSFER AND APPROPRIATION OF $140,671.91 FOR THE TRACT 8058 ACCESS AND UTILITIES PROJECT, PROJECT NO. 08058, AND APPROVING CONSTRUCTIN CONTINGENCY/ADMINISTRATIVE CHANGE ORDER BUDGET INAMOUNT OF $229,901.91 WHEREAS, the subdivider of Golden Oaks II, Tract 8058 provided a $209,140.76 cash deposit to secure performance obligations for the subdivision improvements, and WHEREAS, a portion of the cash security was utilized for completion of certain subdivision improvements leaving a current balance of $140,671.91 in Fund 115, and WHEREAS, the original subdivider failed to complete the subdivision improvements in a timely manner; and WHEREAS, on March 15, 2022 the City Council awarded a contract to Golden Bay Construction, Inc. for completion of the Tract 8058 subdivision improvements, and approved a construction contingency/administrative change order budget of $89,230; and WHEREAS, additional funds are necessary to augment the previously approved construction contingency/administrative change order budget, which will allow completion of the subdivision improvements; and WHEREAS, staff recommends the transfer and appropriation of the remaining subdivider security deposit to the Tract 8058 Access and Utilities Project, Project No. 08058 (General Fund), to fund the increase in construction contract change orders.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Hayward authorizes the transfer and appropriation of $140,671.91 from the project Developer Deposit account (Fund 115) to the Tract 8058 Access and Utilities Project, Project No. 08058 in the General Fund (Fund 100).
BE IT FURTHER RESOLVED that a construction contingency/administrative change order budget of $229,901.91 is hereby approved.
IN COUNCIL, HAYWARD, CALIFORNIA _______________________, 2022 ADOPTED BY THE FOLLOWING VOTE:
AYES: COUNCIL MEMBERS:
MAYOR:
NOES: COUNCIL MEMBERS:
ABSTAIN: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
ATTEST: ______________________________________
City Clerk of the City of Hayward
APPROVED AS TO FORM:
_________________________________________
City Attorney of the City of Hayward
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