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HomeMy WebLinkAboutResolution No. R24-21A MSOEFITION OF THE CITY COUNCIL APPROVING A COMMITMENT 01 FUNDING FOR THE COMPLETION OF THE WEST RAILROAD STREET PROJECT. BE IT RESOLVED by the City Council of the City of Laurel, Montana, Section 1: Approval. The Montana Department of Transportation Memorandum regarding estimated costs of completion for the West Railroad Street Project (hereinafter "the MDT Memorandum"), a copy attached hereto and incorporated herein, is hereby approved. Section 2: Execution. The Mayor is hereby given authority to execute the MDT Memorandum on behalf of the City. Section 3 ): City Obligations. The City hereby agrees that it will commit to a funding addition up to and including the amount of $2,737,319.00 for the completion of this project. The City further understands and agrees that payment is not required until an estimated sixty days before bid letting. Introduced at a regular meeting of the City Council on the 26t" day of March, 2024, by Council Member Mackay. PASSED and APPROVED by the City Council of the City of Laurel the 26"' day of March, 2024. APPROVED by the Mayor the 26t" day of March, 2024. Oc� ATTEST: r er,Clerk-Treasurer CRY OF LAUREL r Dave Wa7 ggoner, Mayor` R24-21 Approve Commitment of Funding for West Railroad Street APPROVED AS TO FORM: 11 ) Michele L. Braukmann, Civil City Attorney R24-21 Approve Commitment of Funding for West Railroad Street 4 M Department tA ( f Transportation IM-,ITITk=# a To: Laurel City Council Members Malcolm D. Long, Director From: Thaddeus Lesnik, P.E. Consultant Design Project Engineer Date: February 29, 2024 Subject STPD 6902(5) West Railroad Street - Laurel UPN 10121000 Summary The estimated cost for the completion of this project including involvement construction, and construction administration is $ to an estimated amount of $7,700,000. A $2,737,319 funding,,." this project. An agreement to show commitment to this amoffilii until an estimated sixty days before bid letting. Preliminary Cost Estimate Please see January 16, 2024 memo and January 25, $10,437,319. Sanderson Stewart prepared an estimate ,P S. 8th Ave to S. 5th Ave. (west segment) afid.-' ', :St of project splits for comparison, I am going tdl"� `q?IX These proportions are academic only, splits o II � 1,111mily, E not been explored. fff WIN', Total Project Constructio t: WhI. "t . West Railroad Street,, Ave to S§I�A Ave(0 2701 Prosper- PO Box 201001 Helena MT 59620-1001 till volvement, R/W W'W--'3 19 Tfte roject is currently funded 6on is'nece'ft",h,,,,for the completion of required, but pg'aept is not required for iginal project cost'table totaling cost by divf1dl#&- the project area into two regions: to S. I st f.(east segment). To provide a cost tdW , " of IC, andtW based on the CN cost .s urIM% - d- -li actually anticipated and have a = $5,846,000 (from January 16 memo) Split Construction CostSM Sano eym spraftheety n/ 5146 MV/ $2,396,000 West Railroad S. V V/ West RailSag,-�§ � jrl;/ - 5t 1st Ave. s) $3,450,000 segment) divided by $5,846,000 (total) equals 410 (rounded). Cost Estimate"ffifth estiffi&d division) —Costs ANN/ Complete 8th to Sth &est ) 5th to I st ieast) Project Engin $1,400,000 $574,000. $826,000 Construction cost, $5,846,000 $2,396, $3,450,000 Administration during" %fhicfion (CE) $672,000 $275,000 $3917.7 Utility Relocation Costs -OC) $375,000 $154000 Right of Way (Tamp, Easement, etc.) $50,000 $21:000 N$221.000 $29,000 Total of costs above: $8,343,000 $3L420,000 $4,923,000 Inflation (-10.2%) $848,017 $347,687 $600330 MDT IDC (13.56%) $1,246,302 $510,898 $735:404 Total Costs $10,437,319 .$,4278,585 1 $6,158,734 -- me CDM above noted with are estimated due to the current (early) development Future funds may need to add effort for plan development currently not scoped between MDT and Sanderson Stewart — The RNV phase cost may be unnecessary if no RW easements, or construction permit are required. Laurel City Council Funding Discussion STPD 6902(5), West Railroad Street - Laurel, UPN 10121000 EPS Project Manager Thaddeus Lesnik Page 2 of 2 1 Its Affil MAI An amount of funding shortfall for the S. 5th Ave. to S. I st Ave cost can be fated as (east segment cost) subtract (Remaining STPU funds). Putting values to this, $6,158,7 $2,737,319 shortfall of completing the project. $3,421,415 .. . . . . . . . . . . STPD funds (up to five years of current allocation) can be borrowg'4 , 116-51 ai n *rne of letting, but not included to justify less than sufficient funding at time of planning/des fining a er."ect Rounding up of the funding is suggested so borrowing against the STPD funds use a without exploring this a funding amendment if contractor bids exceed is currep "N' py pstimated value f, t funding and maintenance agreement local dollars are not expected,p/M days 0Fbilled by MDT app i before bid letting.