HomeMy WebLinkAbout2025 - RESO 48 - Budget Supplement Wads Improvement ProjectCITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 48
SERIES OF 2025
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2025 CAPITAL
IMPROVEMENT PROGRAM BUDGET TO REFLECT THE APPROVAL OF A
SUPPLEMENTAL BUDGET APPROPRIATION IN THE AMOUNT OF $5
MILLION FOR THE PURPOSE OF ISSUING A CONTRACT AMENDMENT IN
THE AMOUNT OF $5,374,077.75 FOR CONSTRUCTION OF THE IMPROVE
WADSWORTH PROJECT TO CONCRETE WORKS OF COLORADO, INC.
WHEREAS, the City recognizes the importance of improving city streets and providing multi-modal facilities in various locations to allow for improved and safer
mobility; and
WHEREAS, Concrete Works of Colorado, Inc. provided a bid to complete the Improve Wadsworth Project Phase I and II, which will provide improved infrastructure
along Wadsworth Boulevard; and
WHEREAS, Concrete Works of Colorado, Inc. has encountered unforeseen
conditions requiring the amendment of their original contract for the Improve Wadsworth
Project Phase I and II; and
WHEREAS, funds are available in the 2J Next Chapter Bond budget to transfer to
the CIP Fund to cover these expenditures; and
WHEREAS, the City of Wheat Ridge Charter requires that amendments to the
budget be affected by the City Council adopting a resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WHEAT RIDGE, COLORADO THAT:
Section 1. A transfer of $5,000,000 is hereby approved from the 2J Next Chapter Bond budget undesignated reserves to account 30-303-800-865 and the 2025
revenues are amended accordingly.
Section 2. An amended contract in an amount not to exceed $53,867,186.86, is
hereby approved for an agreement with Concrete Works of Colorado, Inc.
DONE AND RESOLVED this 22nd day of September 2025
ATTEST:
____________________________________ Margy Greer, Sr. Deputy City Clerk
Bud Starker, Mayor