ALLOCATION OF FUNDS FOR ACCOUNT #684-1306-8601-JJAEP PROJECT
Submitted for:
Martha Palacios
Submitted By:
Selina Garcia
Department:
Engineering
Subject:
Discussion and possible action to allocate additional funds for a shortfall in the amount of $24,668.25 to the original Juvenile Justice Alternative Education Program (J.J.A.E.P.) Fire Loop, Leyendecker Construction Inc., Contract and $1,870.00 for Carrillo & Associates for material testing fees for a subtotal of $26,538.25. Also, Leyendecker Construction Inc., is requesting the approval of Change Order #2 in the amount of $13,081.79 for City requested valves for the J.J.A.E.P. fire loop. This will bring the total to $39,620.04 needed. These additional funds are needed in order to pay the completed work at the Youth Village Project (J.J.A.E.P. Fire Loop Project). Leyendecker Construction is also requesting the acceptance and release of all pending funds in the amount of $86,911.04 and retainage of $36,612.06. [Accounts #684-1306-8601 (Construction in Progress) and #605-1301-8801 (Capital Outlay)]
Issue: There is not enough funds in the account to pay last two (2) draws, material testing fees and Change Order #2 for the required fire loop at the J.J.A.E.P. Project.
Solution: Transfer additional funds in the amount of $39,620.04