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 $50,000.00 and Advance Funding Agreement (AFA) amendment 2 for CSJ 0086-14-051, to increase total Federal authorized amount by $50,000.00; and authorize the County Judge to sign all relevant documents contingent upon final approval by the Texas Department of Transportation (TxDOT). [Accounts #644-8001-6022 and #737-8001-6022 (Professional Services)]
Issue: With the anticipation of another round of work on the I-35 at Loop 20 Project, as per TxDOT, this added work will exceed the Federal authorized amount in the AFA for CSJ 0086-14-051, approximately $50,000.00. Additionally, the approval of Supplemental Work Authorization No. 1 to Work Authorization No. 2 and Supplemental Agreement No. 5 to the Main Contract on Commissioner Court dated August 22, 2016, will further exceed the maximum amount.
Solution: Reduce the maximum Federal amount from AFA CSJ 0086-14-058 (I-69) by $50,000 and increase the maximum Federal amount of AFA CSJ 0086-14-051 by $50,000.
Result: Funds will be available in the appropriate AFA and the maximum amount will not exceed when performing the required work.
Background:
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Previous Court Action:
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Fiscal Impact
Budget Account Number:
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Funding Source:
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Balance:
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Financial Impact:
Accounts #644-8001-6022 and #737-8001-6022 (Professional Services)