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52.
Meeting Date:
07/27/2015
APPROVE AND EXECUTE ADVANCE FUNDING AGREEMENT (AFA) AMENDMENT
Submitted for:
Martha Palacios
Submitted By:
Martha Palacios
Department:
Engineering
Subject:
Discussion and possible action to approve and execute Advance Funding Agreement (AFA) amendment 1 for CSJ 0086-14-058 to decrease total federal authorized amount by $300,000 and Advance Funding Agreement (AFA) amendment 2 for CSJ 0086-14-051, to increase total federal authorized amount by $300,000; and authorize the County Judge to sign all relevant documents contingent upon final approval by the Texas Department of Transportation (TxDOT).
[Account #737-8001-6022 and #644-8001-6022 (Professional Services)]
Issue:
The added work in the first agenda item will exceed the federal authorized amount in the AFA for CSJ 0086-14-051 by $28,469.95. Supplemental Work Authorization #9 is already being proposed and will further exceed the maximum amount.
Solution:
To reduce the maximum federal amount from AFA CSJ 0086-14-058 (I-69) by $300,000 and increase the maximum federal amount of AFA CSJ 0086-14-051 by $300,000. CSJ 0086-14-051 $2,500,000 + $300,000= $3,800,000 and CSJ 0086-14-058 $3,500,000 - $300,000=$3,200,000 for a Total of $7,000,000 (which is the approved amount for Loop 20).
Result:
Funds will be available in the appropriate AFA and the maximum amount is not to exceed when performing the required work on both projects.
Background:
N/A
Previous Court Action:
N/A
Fiscal Impact
Budget Account Number:
0
Funding Source:
0
Balance:
0
Financial Impact:
Accounts #737-8001-6022 and #644-8001-6022
Attachments
SWA No. 9 to WA No. 1
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