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Monona committee approves $328,000 capital budget amendment for College Lake stormwater project
Summary
The Public Works Committee voted to approve a $328,000 capital budget amendment to cover higher construction bids for the College Lake stormwater improvement project; staff said the increase will be covered by delaying a future stormwater project and by grant reimbursements.
The Monona Public Works Committee voted to approve a $328,000 capital budget amendment to the College Lake stormwater improvement project, which raised the project construction budget to $1,965,000 and the amended total project budget to $2,188,000.
The amendment was necessary after construction bids came in higher than the 2024 estimate, committee members heard. "We are needing about $328,000 to make this project go, and that also includes a 7.4% contingency," said Brad, Public Works staff. He said the city's original capital budget for the project was $1,860,000 but the low construction bid…
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