MEMORANDUM

TO: Pete Sprague, Assembly President

Members, Kenai Peninsula Borough Assembly

THRU: Dale Bagley, Mayor

THRU: Scott Holt, Finance Director

FROM: Gary Davis, Roads Director

DATE: January 22, 2004

SUBJECT: Resolution 2004-012, authorizing the transfer of $8,000 from the Road Service Area Capital Project Fund to cover additional costs incurred on the Edgington Road Improvement Project

The assembly previously appropriated $625,000 to fund the Edgington Road Improvement Project, which will be complete next spring when the centerline striping is finished.

The actual costs of this project have exceeded the amount budgeted. This resolution would authorize transferring $8,000 from the road service area CIP fund to increase the total project funding for the following key bid items:

1. clearing and grubbing;

2. borrow, selected material type A;

3. standard signs; and

4. asphalt concrete pavement, type II, class B.