Focus Area: Infrastructure (Engineering)
Staff Contact: Mary Jaeger / Nate Baldwin
Subject: Authorization of a transfer from the Street Excise Tax Fund to the 167th & Ridgeview Geometric Improvements Project, PN 3-C-018-22.
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TITLE:
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Consideration of an authorization of transfer from the Street Excise Tax Fund to the 167th & Ridgeview Geometric Improvements Project, PN 3-C-018-22.
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Summary:
This project will improve safety and capacity of the 167th Street and Ridgeview Road intersection by installing a roundabout. Improvements will include pavement construction, curb and gutter within the roundabout, addition of paved shoulders (north of the roundabout to 165th), sidewalk, a shared use path on the east side of Ridgeview (165th to 167th), streetlights, installation of two reinforced concrete box culverts, and storm sewer improvements.
Staff is requesting additional funds for this project to cover a budget shortfall in the project. There are two main reasons for the shortfall. First, the project scope was increased to include installing paved shoulders and improved ditches along Ridgeview north of the roundabout to 165th Street. These improvements will match what was done this past summer along Ridgeview between 164th and 165th Street as part of the Street Preservation Mill and Overlay project. Second, utility relocations, especially the sanitary sewer relocation, were significantly over the anticipated budget.
As seen below in the Financial Impact section, this project is mostly funded with Street Excise Tax funds. Staff is requesting that Council approve a transfer of an additional $600,000 from the Street Excise Tax Fund to the project. There are adequate reserves in the fund to cover the transfer. Any unspent money will be returned to the Street Excise Tax Fund.
Construction is tentatively scheduled to begin by Spring 2025 and tentatively scheduled to be completed in Summer 2025.
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Financial Impact:
Funding for the 167th & Ridgeview Geometric Improvements Project, after the transfer, includes:
CMAQ $ 650,000
Street Excise Tax $ 3,950,000
Total $ 4,600,000
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Action Needed:
Approval of an authorization of transfer from the Street Excise Tax Fund to the 167th & Ridgeview Geometric Improvements Project, PN 3-C-018-22.
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Attachment(s):
None