1981-03-18 Joint Public Hearing and Regular Meeting

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• • Minutes, Joint Public Hearing and Regular Meeting March 18, 1981, Page 5 Added cost of material due to quantity reductions in contract (9,046.00) Estimated total construction of Option #1 (1,269,160.00) Deficit (22,160.00) Add contribution from Capital Improvements Budget (swimming pool) 50,000.00 Contingency available 27,885.00 Optional addition of North "H" between Lomax School Road & Big Island Slough (56,575.00) Deficit 28,690.00 Contribution from General Fund Contingency 28,690.00 -0- It is recommended that we proceed with construction of Option #1 with the $50,000.00 contribution from Capital Improvement • budget. Near the end of the contract we should reevaluate our available funds. If we have not experienced any significant cost differences, then add the west end of North "H" Street to the project and fund the estimated $28,690.00 deficit from the General Fund Contingency. As of February 28, 1981, the General Fund Contingency had a balance of $108,931.00. This recommendation, in my judgment, would allow Council to fulfill the spirit of their previous action without further reducing the projects in the Capital Improvement budget. Councilwoman Cline questioned the $350,000.00 set aside in Capital Improvements for the Service Center, thinking we were going to sell $500,000.00 in Certificates of Obligation and you sold $800,000.00. Where is the difference in that money going to be spent? Hudgens answered, "We still have to do the limestone for parking around the Service Center, we still have to do the road, we still have to lay our sewer line to the site, plus we have to buy furnishings for the building." Cline: I assumed all that had been figured in the cost of the project. You don't just walk out there and build a building in the middle of a field. We all knew we had to have utilities and a road out there. • Hudgens: And that was all figured into the total cost of the project.