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HomeMy WebLinkAboutRESOLUTION 72-25RESOLUTION 72-25 A RESOLUTION INCREASING THE PROSPECT MOUNTAIN WATER SYSTEM IMPROVEMENTS PROJECT'S CONTINGENCY WHEREAS, on September 29, 2022, the Town approved Resolution 82-22 approving a construction contract with Wagner Construction, Inc. for the Prospect Mountain Water Distribution Improvements Project; and WHEREAS, the United Stated Department of Agriculture - Rural Development provided a revised letter of conditions dated September 27, 2022 detailing funding in the form of grants and loans from the USDA-RD for a project cost of $15,298,000 including construction, contingency, and other project elements; and WHEREAS, the project costs are expected to exceed the contingency. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK, COLORADO: The budget for the project contingency is increased by $502,000. DATED this 8TH day of JULY, 2025. TOWN OF ESTES PARK Mayor ATTEST: ^._k^.i« 00 . T^wn Clerk\ APPROVED AS TO FORM: a.L.X^ Counsel