RES NO 01-08-2004 CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. b -2004
A RESOLUTION AUTHORIZING ADDITIONAL FUNDS FOR THE DEPOT
PARK PROJECT.
WHEREAS, The Arkansas State Highway and Transportation Department
(AHTD) awarded $100,000.00 to the City of Van Buren for the
Depot Park Project; and
WHEREAS, That the cost of the project was previously estimated to be
$110,000.00, of which the City agreed to be responsible for
510,000.00 for architectural services; and
WHEREAS, The actual cost of the project is $136,410.17; and
WHEREAS, The Advertising and Promotion Commission has agreed to commit
an additional $13,205.17, leaving a remaining balance of
$13,205.00 to complete the project.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF VAN BUREN, ARKANSAS:
SECTION 1: THAT the Mayor is hereby authorized to commit an additional
513,205.00 for the Depot Park Project.
PASSED AND APPROVED THIS (26 DAY OF JANUARY, 2004.
MAYORJJOHN RIG
ATTESTED:
CITY CLERK/TREASURER
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AHTD ENHANCEMENT PROJECT #040396 09017/2004
0 Van Buren Depot Park
Projected Cost
Construction Low Bid 122,960.00
Additional Funds needed from City and /or A P
Architectural Design Services 5 8,607.20
7% of 122,960)
Printing 458.81 2 runs of plans
473.06 Bid Specs
681.50 Advertisements 1,613.37
Administrative Services 2,000.00
(2% of Project Cosh Cap 2,000)
AHTD Administrative Cost 1,229.60
(1% of Project Cost)
TOTAL PROJECT COST 136,410.17
Project Cost 136,410.17
AHTD Enhancement Funds 80,000.00
Committed Matching Funds!A &P 20,000.00
Committed Funds/City $10,000.00
Additional Funds Requested /A P 13,205.17
Additional Funds Requested /City 13,205.00
136,410.17 136,410.17
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