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<br />CITY OF LA PORTE <br />PUBLIC WORKS <br />DEPARTMENT <br /> <br />Memo <br /> <br />To: Debra Feazelle, City Manager <br />From:Steve Gillett, Director of Public Works <br />CC: John Joerns, Assistant City Manager <br />Cynthia Alexander, Assistant City Manager <br />Date: 6/4/2004 <br />Re: LPAWA - Additional Capital Cost Update <br /> <br /> <br />Attached is the latest estimate of costs for the above referenced project. As <br />illustrated, the Authority's share is $833,181, which has increased from the last <br />estimate of $784,756. The additional $48,425 represents an increase of <br />approximately 6%, and is attributable to increases in cost associated with <br />improvements to the ground storage tanks and a new category, security. The <br />estimate, prepared from 50% design, is due to be updated in October at 90% design. <br /> <br />As discussed in the budget meetings, the timing of payment is still uncertain. The <br />estimated timeline for payment is moved from late spring 2004 to early 2005. <br />Currently, the schedule calls for bid advertisement in late October 2004, with bids <br />due in January/February 2005. As discussed in previous reports. The funds due <br />from the Authority will not be payable until bids have been received and a contract <br />recommendation made by the Engineer. Thus, funds will not be needed until at least <br />March 05. This date, which has already slipped from the last report, could slip <br />further, depending on progress made with design. <br /> <br />I will continue to keep you informed of progress. <br /> <br />. Page 1 <br />