Financial Matters:
The total estimated cost for completing Phase 1 of this project is $1,200,000.00, of which $1,037,812.00 plus HST is for the tendered amount noted above and $133,290.00 plus HST is for engineering services from Dillon Consulting Ltd. The original engineering services costs from Dillon Consulting Ltd that was previously approved was $91,375.00. Original project construction estimates for this work were expected to be approximately $900,000.00. This amount was included in previous budget requests. As a result of changing the scope of work to provide for installing additional secondary gates, the price for the required work is now expected to be $300,000.00 higher.
Council previously approved $500,000 in project 7189008 – Security Entrances and Gates and $200,000 in project 7161023 – LRPCP Security to be used for security gates at the Lou Romano Water Reclamation Plant and Little River Pollution Control Plant, respectively. Subject to the approval of the 2020 8-Year Capital Budget, an additional $200,000 has been earmarked in ENV-002-08 for Security in Project 7161023 – LRPCP Security. If the 2020 8-Year Capital Budget is not approved for $200,000 in project ENV-002-08 Administration recommends that the shortfall be transferred from the Reserve Fund F208 into Project 7161023 – LRPCP Secuirty.
Reserve Fund F208 into Project 7161023 – LRPCP Secuirty. Additionally, Administration is recommending the remaining funding of $300,000 be funded from Fund 208 – Pollution Control Reserve, and allocated as follows, assuming the 2020 8-Year Capital Budget is approved:
Projects 7161023 and 7189008
| Description | LRPCP Project 7161023 | LRWRP Project 7189008 |
|---|---|---|
| Tendered Construction Costs | $452,550 | $585,262 |
| Consulting Fees | $44,386 | $88,904 |
| Project Cost before taxes | $496,936 | $674,166 |
| Non-Recoverable HST (@ 1.76%) | $8,747 | $11,867 |
| Add: Additional Contingency | $4,000 | $4,284 |
| Total Project Cost | $509,683 | $690,317 |
| Less: Funding Previously Approved | ($200,000) | ($500,000) |
| Less: Funding from 2020 Capital Budget | ($200,000) | $0 |
| Draw from Reserve Fund 208 – Pollution | $109,683 | $190,317 |