CITY COMMISSION AGENDA ITEM |
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Department: |
Public Works |
Commission Meeting Date: May 16, 2017 |
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Staff Contact: |
Nick Voss, Project Engineer |
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Recommendations/Options/Action Requested: |
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Adopt Resolution No. 7205, authorizing the issuance of General Obligation Bonds in the amount of $400,000 for Project Number PW1619 – 2016/2017 Traffic Calming (CIP# PW17E8). |
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Executive Summary: |
On June 7, 2016, the City Commission approved traffic calming projects for the following areas: Ø University Place Neighborhood – traffic circles at: - 17th & Indiana - 17th & Illinois - 18th & Indiana - 18th & Illinois Ø Ousdahl Road, between 25th Street and 26th Street – speed humps Ø Trail Road, between Lawrence Avenue and Kasold Drive – speed cushions Ø Trail Road, between Eldridge Street and Folks Road – speed cushions
On May 5, 2017, the City Commission awarded the bid and Ordinance No. 9353, designating certain streets as main trafficways, was adopted on second reading on May 9, 2017 which enables the issuance of debt to fund the projects.
Funding for traffic calming projects was included in the CIP to be paid with General Obligation Bonds. The project will also include traffic calming along Edgewood Lane which will be funded by the Lawrence-Douglas County Housing Authority (LDCHA).
The project was bid on March 21, 2017. Sunflower Paving Inc. submitted the lowest and best bid of $392,545.22 for all the work to be completed. For purposes of the debt issuance, the costs are rounded to $400,000.
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Strategic Plan Critical Success Factor |
Safe, Healthy, and Welcoming Neighborhoods Innovative Infrastructure and Asset Management |
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Fiscal Impact (Amount/Source): |
The fiscal impact of the traffic calming projects is $392,545.22, which will be rounded to $400,000 for purposes of the debt issuance. This project combines CIP funding from both the 2016 and 2017 traffic calming program budgets (2017 CIP# PW17E8). Both the 2016 and 2017 traffic calming program budgets were approved for funding of $200,000 each through the issuance of General Obligation Bonds.
The City and the LDCHA have entered into an agreement to construct speed humps on Edgewood Lane. LDCHA will pay $13,230 for the total cost of construction of these improvements.
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Attachments: |
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Reviewed By: (for CMO use only) |
☐TM ☐DS ☐CT ☒BM |