Title
Resolution to Appropriate $346,000.00 in Developer Contributions to Amend the 2023 SCOOT Expansion Project (8 Votes Required)
Memorandum
Attached for your review and consideration, please find a resolution to approve a budget amendment for the construction phase of the SCOOT (Split Cycle Offset Optimization Technique) Expansion Project. The amendment appropriates funds from The Cottages at Barton Green development traffic mitigation to the SCOOT Expansion Project.
As part of development agreement, City received $346,000.00 from The Cottages at Barton Green development toward the cost of future intersection improvements at Pontiac Trail and Barton Drive. The SCOOT Expansion Project will include installation of underground conduits and fiber-optic cable along Barton Drive, from Pontiac Trail and Plymouth Road. The new fiber-optic cable will connect the intersection of Barton Drive and Pontiac Trail to the City's existing data communication network and allow real-time adaptive traffic signal operations.
Budget/Fiscal Impact: FY 2023 SCOOT Expansion Project construction cost is $1,360,490.00. The City will be receiving approximately $1,274,240.00 in Federal funds for this project. The federal funding will be used to fund participating construction expenses. The City will be funding its share of the construction costs and the design, construction engineering, and material testing costs. Developer contributions will be recognized as project revenue as the project progresses.
A breakdown of the updated estimated project revenues and costs are shown below:
Revenue
Federal Funds
$ 1,274,240.00
Major Street Fund
$ 39,167.00
Developer Contribution (in Major Street Fund)
$ 346,000.00
Estimated Total Revenue
$ 1,659,407.00
Cost
Construction Estimate
$ 1,360,490.00
Planning/Design
$ 138,917.00
Construction Engineering/Testing/Inspection/Admin
$ 160,000.00
Estimated Total Cost
$ 1,659,407.00
Staff
Prepared by: Raymond Hess,...
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