TO: Mayor and City Council
THROUGH: Kristin Retherford, Interim City Manager
FROM: Norm Wright, Interim Director, Urban Development Dept
SUBJECT:
title
Reallocate unallocated funds in the Parking Structures Capital budget for the purpose of repairing elevators in Chemeketa Parkade
Ward(s): Ward 1
Councilor(s): Stapleton
Neighborhood(s): CANDO
Result Area(s): Safe, Reliable and Efficient Infrastructure; Strong and Diverse Economy.
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SUMMARY:
summary
An inspection of the Chemeketa Parkade Elevators (#3 & #4) revealed hydraulic power unit issues during load testing. The options are to apply for a weight reclassification from the State (not guaranteed to be granted) or repair the units at a cost not to exceed $64,000.
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ISSUE:
Shall City Council authorize reallocation of an amount not to exceed $64,000 from unallocated fund balance in the Parking Structures Capital budget to effectuate the repair of Chemeketa Parkade elevators?
RECOMMENDATION:
recommendation
Authorize reallocation of an amount not to exceed $64,000 from unallocated fund balance in the Parking Structures Capital budget to effectuate the repair of Chemeketa Parkade elevators.
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FACTS AND FINDINGS:
The FY 2022 Parking Structures Capital budget has $1,933,160 in unallocated contingency funds. After allocation the balance will be $1,869,160. There is one project from this fund planned for FY 2023 in the amount of $450,000. The Fund has capacity to pay. Making the repair alleviates the safety concern, maintains the equipment, and avoids the need to seek a weight reclassification.
Michael Brown
Financial Services Manager
Attachments:
1. Contractor of Record cost estimate