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HomeMy WebLinkAbout09/19/2006, C3 - TRAFFIC SIGNAL INSTALLATION HIGUERA & GRANADA, SPECIFICATION NO. 90573 Council M.UnD� September 19,2006 acenaa wpom 1mN�tix 3 CITY OF SAN LUIS OBISPO FROM: Jay D. Walter, Director of Public Wor#11) Prepared.By: Jake Hudson, Engineer II SUBJECT: TRAFFIC SIGNAL INSTALLATION HIGUERA& GRANADA, SPECIFICATION NO. 90573 CAO RECOMMENDATION 1. Approve plans and specifications for the "Traffic Signal Installation at Higuera & Granada, Specification No. 90573." 2. Authorize staff to advertise for bids and authorize the CAO to award the contract if the lowest responsible bid is within the Engineer's Estimate of$212,000. 3. Allocate $53,200 to the project from unappropriated Transportation Impact Fee(TIF) account. 4. Authorize the transfer of $20,000 from the design phase account to the construction phase account. DISCUSSION As part of the 2002 Annual Traffic Safety Report, the intersection of Higuera and Granada was identified as one of the top collision locations in the City, and.it was determined that a traffic signal could help reduce some of those collisions. Signalization of Higuera and Granada was also identified as a mitigation strategy in the Traffic Impact Study for the Central Coast Gymnastics Training Center at 21 Zaca Lane. The Planning Commission adopted resolution No. 5394-04, allowing the Central Coast Gymnastics Center to open with the understanding that the City would signalize Higuera & Granada as part of the approved two-year financial plan and the Gymnastics Center's share of the project would be paid for via their Transportation Impact fee. Funding for the signal is programmed using TIF monies. The signal plans and specifications are now complete and ready for bid. Due to increasing construction costs the budget for the project shown in the 2005-07'Financial Plan is not expected to cover the full cost of the project. FISCAL IMPACT This project is identified in the 2005-07 Financial Plan (page E-8) and Appendix B (pages 170 and 171) where $180,000 from the TIF fund is allocated for use on this project, $20,000 for design and $160,000 for construction. However, due to significani increases in construction costs (particularly for steel) and the current bidding environment, the engineers estimate is now higher than when the project was originally scoped. Design was completed.in house so-that the $20,000 allocated for design may be used for construction, and staff is recommending transferring that,". $20,000 from the design phase account to the construction phase account. This leaves a funding gap of $53,500 necessary to complete the project. Staff is recommending allocating the additional $53,000 from unappropriated TIF monies. If the final project cost is below the new project total, remaining TIF will be returned to the account for use on other projects. Traffic Signal Installation Higuera&Granada,Specification No.90573 Page 2 2005-07 Unappropriated New Project Financial Plan Transportation Budget Impact Fee Engineer's Estimate: $180,000 NA $212,000_ Design Allocation: $20,000' $0 $0 Construction Allocation: $160,000 $32,000 $212,000 10% Contingencies: _ -$Q - $21,200 $21,200 Project Total: $180,000 $53,200 $233,200 Miscellaneous(printing): $0 $300 $300 Total Cost: $180,000 $53,500 $233,500 Funds Available: $180,000 $53,500 $233,500 ALTERNATIVES 1. The Council may wish to defer all construction until a later date. If this project does not proceed, the collision pattern is likely to continue at the location, and the Central Coast Gymnastics project will be out of compliance with Planning Commission Resolution 5394-04. ATTACHMENTS Project Plans and specifications and the 2002 Traffic Safety Report are available in the Council reading file. g:lstaff reports-agenda nutes\_car2006\nmportabm\9M73 adv.doc 1 + 3