Title
Consider a memorandum/resolution approving Change Order No. 4 to the Taxiway B Rehabilitation Contract with TTG Utilities, Inc., resulting in a reduction of $275,488.17.
Body
DATE: September 3, 2024
TO: Kent Cagle, City Manager
FROM: Mike Wilson, Executive Director of Aviation
SUBJECT: Change Order No. 4 to the Taxiway B Rehabilitation Contract with TTG Utilities, Inc.
BACKGROUND AND FINDINGS:
On August 23, 2022, the City Council awarded a contract to TTG Utilities, Inc., for the Taxiway B Rehabilitation Project. This project ensures a safe operating environment for airport users and promotes the long-term economic sustainability of the airport by reducing maintenance costs and extending the taxiway's useful life.
With construction now complete, we have reconciled and adjusted all quantities to match the final project outcome.
Change Order No. 4 addresses this reconciliation and reduction of final project quantities, resulting in a decrease of $275,488.17; which represents a 2.68% reduction in the overall contract amount.
THE ALTERNATIVES CONSIDERED:
N/A
Which alternative is recommended? Why?
N/A
CONFORMITY TO CITY POLICY:
This item conforms to local and state policies.
FINANCIAL IMPACT:
What is the amount of the revenue/expenditure in the current fiscal year? For future years?
The expenditure will decrease by $275,488.17; which is a 2.68% decrease to the contract.
Is this a one-time or recurring revenue/expenditure?
One-time.
Is this revenue/expenditure budgeted?
Yes, funds are available for this project in Airport Improvement Grant Fund account 524-0515-521.69-03 and the Passenger Facility Charge (PFC) fund 529-0510-521.69-07.
If not, where will the money come from?
N/A
Is there a sufficient amount in the budgeted line-item for this revenue/expenditure?
Yes
RECOMMENDATION:
Staff recommends that the City Council authorize the City Manager to execute Change Order No. 4 for the Taxiway B Rehabilitation Project with TTG Utili...
Click here for full text