HomeMy WebLinkAboutPW. Meadowbrook Bridge Insurance Fund Use -PowerPoint Final -Revised1
1
, Director of Public Works
, Deputy Director of Public Works/City Engineer
MEADOWBROOK BRIDGE
Kristen Jensen
INSURANCE CLAIM FUNDS
Alex Qishta
by:
Presented
2
Background
Meadowbrook Bridge is located at 250 North Sierra WayOn October 11, 2017 the bridge suffered fire damageThe City insurance claim resulted in an $812,504 cash payment
•••
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$150,000
Cost $ 40,480Cost $ 76,438Est. $175,000
Est. $225,000
Street
th
Background
Complete the design of the bridgeRehabilitate the existing bridgeRehabilitate parking lot at Nunez Park facing 5
Rehabilitate parking lot at Lytle Creek park at the corner of K Street and Oak StreetAppropriate funds for Nicholson Park
At the July 17, 2019 Mayor and City Council meeting, Council directed staff to utilize the insurance monies received in the following manner: 1.2.3.4.5. Total funding approved by Mayor
and City Council for project work: $666,918
4
AFTER
Rehabilitation
-
BEFORE
MEADOWBROOK BRIDGE
COMPLETED PROJECTS
5
LYTLE CREEK PARKING LOT
COMPLETED PROJECTS
6
NUNEZ PARK PARKING LOT
COMPLETED PROJECTS
7
$40,480 $76,438
$150,000
$121,266* $107,736*
EXPENDITURE
STATUS
COMPLETECOMPLETECOMPLETECOMPLETE
NOT STARTED
Staff time was also charged for these projects
–
Design
PROJECT
Rehabilitation
Nicholson Park
Nunez Parking Lot
Meadowbrook Bridge Meadowbrook Bridge
Lytle Creek Parking Lot
Project Summary
*Construction costs only
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$812,504
$ 294,481
($368,023)
($ 150,000)
Amount
Set Aside
-
Park
available for use
Completed Project Costs
Claim Funds Breakdown
Cash PaymentTotalNicholson Funds
additional
insurance
Current Claim Fund Balance Status
Project savings were realized on Nunez Park and Lytle Creek Park projects.$294,481 of claim funds remain available for projects.
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List of Potential Projects
•••
Install
Summary of project suggestions received by staff for use of the remaining insurance claim funds are as follows:1.Rehabilitate2.3.Rehabilitate4.Rehabilitate5.Rehabilitate
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Council
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11
Questions?