HomeMy WebLinkAbout5A2 Request for Funding Increase Chet Waggoner Dr�gOU TH 8E,
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Investment
Redevelopment Commission Agenda Item
DATE: August 25, 2016
FROM: David Relos, Economic Resources.
SUBJECT: Request for Funding Increase (Chet Waggoner Dr.)
As development continues to thrive in Ameriplex at Interstate 80 / 90 on the northwest
side of the City, a new street and utilities need to be built to open more sites on the east
side of Dylan Dr. This paved street would be 28 feet wide and 1,600 feet long with a cul-
de -sac at its end, and include a new water main and sanitary sewer.
This project would open 45 acres for development and spur an estimated $30 million plus
in private investment.
On June 30th the Commission approved a funding amount of $650,000. Because bids
came in higher than expected, in addition to needing third party inspection services and
the infrastructure for future street lighting, a funding increase is requested.
Staff requests approval of a $150,000 funding increase, to complete infrastructure
improvements and inspection services for Chet Waggoner Dr.
INTERNAL USE ONLY: Project Code:_16JO06__
Total Amount increase in budget:_$ 150,000 ; broken down by:
Acct # 324 - 1050 - 460 -42.03
Going to BPW for Contracting? Yes Is this item ready to encumber now? Yes
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