Requested Agenda Date:
10/29/2024
Requested Agenda Title:
Title
Budget Adjustment: Parks and Recreation Requests an Additional $1,553,830 for the South Jordan Recreation Center Pool Addition Project Due to a Higher-Than-Expected Construction Bid
Body
Requested Agenda Item Description: Parks and Recreation requests additional funding for the South Jordan Recreation Center Pool Addition project using available underspend in completed capital projects funded by TRCC and an additional TRCC allocation. The construction bid came in higher-than-expected necessitating additional funding.
The TRCC board supported an additional request for $200k to bridge the gap between the project budget needed and available underspend from completed projects. A fund balance transfer from TRCC to general fund is needed for the additional TRCC funding and the underspend from TRCC projects.
This adjustment is requested at this time because the contractor will hold the bid until October 28th. Delaying the adjustment could result in increased costs.
Requested Action: Discussion - Vote Needed
Presenter(s) (with titles): Hoa Nguyen, Council Budget and Policy Analyst
Time Needed: Less than 5 MINS
Is this Item Time-Sensitive and/or Requesting a Time-Certain? No
Requesting Staff Member: Robin Chalhoub, Community Services, Department Director
Are Supporting Documents Needed for this Agenda Item Request? Yes