Title
Ordinance in the Amount of $1,250,000 Amending the Water Resources Capital Project Revenue Bond Fund Budget to Establish Funding for the Change Order on Contract 2013-094 for Youngs Mill Road Sanitary Sewer Outfall with Jimmy R. Lynch & Sons, Inc.
Body
Council Priority: Maintain Infrastructure and Provide Sustainable Growth Opportunities
Department: Water Resources
Council District: Council District 1
Public Hearing: N/A
Advertising Date/By: N/A
Contact 1 and Phone: Michael Borchers, 336-373-2494
Contact 2 and Phone: Kristine Williams, 336-373-2556
PURPOSE:
The City of Greensboro Water Resources Department wishes to establish bond funding for the Water Resources Capital Project Revenue Bond Fund budget for the change order on contract 2013-094 for Youngs Mill Road Sanitary Sewer Outfall with Jimmy R. Lynch & Sons, Inc. Council approval is requested for a budget ordinance to permit the expenditure of funds.
BACKGROUND:
On October 16, 2018 City Council approved a resolution supporting the execution of a contract with Jimmy R. Lynch & Sons, Inc. for Young’s Mill Road Outfall Project as well as an associated bond ordinance to fund the project.
Tonight, by separate resolution, City Council will be asked to approve an associated item titled “Resolution Authorizing a Change Order in the Amount of $1,250,000 on Contract 2013-094 for Youngs Mill Road Sanitary Sewer Outfall with Jimmy R. Lynch & Sons, Inc.”
BUDGET IMPACT:
This amendment will increase the Water Resources Bond Fund budget by $1,250,000 from revenue bond funding.
RECOMMENDATION / ACTION REQUESTED:
It is recommended that City Council adopt the budget ordinance to amend the Water Resources Capital Project Revenue Bond Fund Budget to establish funding for the Youngs Mill Road Sanitary Sewer Outfall with Jimmy R. Lynch & Sons, Inc.