9.c) Staff Report-Quinnell (Fiscal Impact)
Staff Report
Date of Meeting: May 19, 2015
To: City Council
From: Kristina Handt, Administrator
Re: Quinnell Ave
Background:
City Engineer Goodman provided the background and other information on the Quinnell bid in a separate
report. This just address the fiscal impact portion.
Fiscal Impact:
As of the end of April, the balance in the Local Road Improvement Fund was $328,137. Additional
revenue of $545,500 is budgeted for this year. Lastly, the turnback money from the county when the
township took over this road is $124,924.90.
So a total of $998,561.90 is available for this project. With the change order, the project is expected to
come in around $605,189.66.