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HomeMy WebLinkAbout11 - BA-039 - C-2825 - MacArthur Blvd Widening ReconciliationFebruary 22, 2000 CITY COUNCIL AGENDA ITEM NO. ii TO: Mayor and Members of the City Council FROM: Public Works Department SUBJECT: MACARTHUR BOULEVARD WIDENING PROJECT RECONCILIATION, SEGMENT I AND 11, CONTRACT NO. 2825 RECOMMENDATIONS: 1. Approve a budget amendment to transfer $22,423.08 from the CIOSA Loan Expenditures Fund Account No. 7432- C5100066 to the Measure M Competitive Fund Account No. 7284- C5100066. 2. Approve a budget amendment to transfer $157,700.53 from the Transportation & Circulation Fund Account No. 7261- C5100066 to the Measure M Competitive Fund Account No. 7284- C5100066. DISCUSSION: In September 1997, the MacArthur Boulevard Widening Segment I improvements, constructed under Contract No. 2825 were accepted. Similarly, at the June 28, 1999, Council meeting, the MacArthur Boulevard Widening Segment II improvements were accepted. Final project reports were submitted and a meeting was held between Orange County Transportation Authority (OCTA) and Newport Beach Public Works staff on November 23, 1999, to discuss final reimbursements. As a result of this meeting, OCTA agreed to a final payment of $430,400.65 to the City from Measure M funds for Segment I improvements. This final payment was $180,123.61 less than the expected amount of $610,524.24 due to ineligible construction costs. The construction items that were determined to be ineligible by OCTA are as follows: When the construction funding for Segment I (Coast Highway to San Joaquin Hills Road) was approved, soundwall improvements were not eligible for Measure M funding. At a later date, the funding criteria changed and soundwall improvements were approved for reimbursement, but only for Segment II (San Joaquin Hills Road to Ford Road). • The costs for new landscaping in raised medians were deemed ineligible although replacement of existing landscaping along parkways and slopes was approved for funding. SUBJECT: MACARTHUR BLVD WIDENING PROJECT RECONCILIATION, SEGMENT I AND II, CONTRACT NO. 2825 February 22, 2000 Page 2 Among the eligible items in the original project submittal was a pedestrian /bicycle overcrossing at Crown Drive. The estimated cost for the overcrossing was $300,000.00, of which 50 percent ($150,000.00) was eligible for Measure M funding. This item was subsequently deleted from the project by Council action in January 1994. Since the overcrossing was deleted, OCTA deducted $150,000.00 from the total approved project allocation. There are adequate funds available in the Transportation & Circulation Fund and the CIOSA Loan Expenditure Fund to accommodate a transfer to the Measure M Competitive Fund. A summary of the Budget Amendment which staff is recommending for approval is as follows: Fund Name Account Number Amount Transportation & Circulation 7261- C5100066 ($157,700.53) CIOSA Loan Expenditures 7432- C5100066 ($22,423.08) Measure M Competitive 7284- C5100066 $180,123.61 Respectfully submitted PUBLIC WORKS DEPARTMENT Don Webb, Director 0 � o tg4f- ✓ Lois D. Thompson Administrative Coordinator F: \Users \PBW \Shared\ COUNCIL \Fy99 -00 \February-22 \MacArthur C -2825 Reconciliation.doc City of Newport Beach NO. BA- 039 BUDGET AMENDMENT 1999 -00 AMOUNT: $1so,123.s1 EFFECT ON BUDGETARY FUND BALANCE: Increase Revenue Estimates Increase in Budgetary Fund Balance Increase Budget Appropriations AND Decrease in Budgetary Fund Balance PX Transfer Budget Appropriations No effect on Budgetary Fund Balance SOURCE: from existing budget appropriations from additional estimated revenues from reserved fund balance EXPLANATION: This budget amendment is requested to provide for the following: To transfer $22,423.08 from CIOSA Loan Expenditures and $157,700.53 from Transportation & Circulation to the Measure M Competitive Fund. There have been no prior budget amendments. ACCOUNTING ENTRY: BUDGETARY FUND BALANCE Fund Account REVENUE APPROPRIATIONS (3601) Fund /Division Account EXPENDITURE APPROPRIATIONS (3603) Description Description Division Number Account Number Signed Approval: Finance Signed: IVTAO ^ l— I Administrative A Signed: City Manager Amount Debit Credit $22,423.08 $157,700.53 $180,123.61 • Automatic System Entry. Date ba Zeta City Council Approval: City Clerk Date Description Division Number 7432 CIOSA Loan Expenditures Account Number C5100066 MacArthur Widening Division Number 7261 Transportation & Circulation Account Number C5100066 MacArthur Widening Division Number 7284 Measure M Competitive Account Number C5100066 MacArthur Widening Division Number Account Number Signed Approval: Finance Signed: IVTAO ^ l— I Administrative A Signed: City Manager Amount Debit Credit $22,423.08 $157,700.53 $180,123.61 • Automatic System Entry. Date ba Zeta City Council Approval: City Clerk Date