The Public Works Department (PWD) is requesting a one-time amendment for $2,295,018 within the Road & Bridge Fund (Fund 111), Road Sales & Use Tax Appropriation (RST1). PWD is also requesting to repurpose and transfer funds within the Road & Bridge Project Appropriation (RM11) and Road Sales & Use Tax Appropriation (RST1) within the Road & Bridge Fund (Fund 111):
1) Repurpose $1,280,000 of approved 2024 project funding in RM11 for chip seal budget within RM11. Please see PWD's memo for the specific projects.
2) Repurpose $1,554,982 from the 120th Street (Overlook Dr. to Dillon) project in RST1. PWD would like to allocate $800,000 of that total to the South Boulder Road (Cherryvale to City of Boulder) project in RST1. The additional $754,982 will be transferred to RM11 for the Jay Road Safety Improvement and Overlay project.
3) A supplemental request for $2,295,018 from Fund 111/RST1 fund balance. PWD will then transfer this amount from RST1 to RM11 for the Jay Road Safety Improvement and Overlay project. The total amount needed for this project is $3,050,000.
Requested Action: Decision
Presenter(s): Emily Beam, Office of Financial Management (In Person); Steve Durian, Public Works (In Person)