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At the April 2016 Board retreat, the Board discussed utilizing up to $2,000,000 of Unassigned <br />Fund Balance towards future capital projects. Assuming the Board approves the Pickleball <br />project at Rancho Conejo Playfield, staff is recommends appropriating $80,000 of the <br />approximate remaining $725,000 towards this project, leaving a balance of approximately <br />$645,000 in Unassigned Fund Balance for future capital projects. Staff anticipates receiving bids <br />for Sapwi Trail Community Park within the next ten to twelve months and envisions holding <br />nearly all of the remaining funds in Unassigned Fund Balance until sometime after the bid <br />opening for Sapwi Trails Community Park. <br />The low bid received from FS Contractors meets all the required specifications. <br />Recommendation for award is based on the base bid. FS Contractors is a qualified Contractor, <br />with an A - General Engineering Contractor, C-8 — Concrete, and C-27 - Landscaping license, <br />and has performed projects of similar size and scope including several projects with the District. <br />Project Financial Status <br />FY 16117 BUDGET <br />CIP Budgeted Funds _ $ 295,000 <br />Additional Appropriation Unassi ned $ 80,000 <br />TOTAL BUDGET $ 375,000 <br />FY 16117 COSTS <br />PAID TO DATE (as of 911412016) $ 0 <br />PROJECTED COSTS <br />Construction <br />FS Contractors $ 344,500 <br />Miscellaneous (Advertising) $ 750 <br />Construction Contingency (approx. 8.6%) $ 29,750 <br />TOTAL COSTS $ 375,000 <br />FY 16117 PROJECTED BALANCE <br />STRATEGIC PLAN COMPLIANCE <br />0 <br />Meets 2016 Strategic Plan Element 2.3: Maintain the 10 -Year Capital Improvement Pian. <br />Regularly update the 10 -Year Capital Improvement Plan to prioritize projects and effectively <br />plan and allocate future resources. As capital funding allows, execute, implement and develop <br />project each year in accordance with the plan. Update plan every two years as part of the <br />budget process. <br />Respectfully submitted by, <br />T. Pea <br />Parks and Planning Administrator <br />Attachment <br />Preps ed by, <br />Andrew ,!. oon <br />Park Planner <br />