Agenda Text
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Requesting an appropriation of $79,000 from the Capital Stabilization Fund for repairs to the Retaining Wall on the bike path near Davis Square.
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Official Text
To the Honorable Board:
I hereby request, subject to the approval of your Honorable Board, an appropriation of an additional $79,000 from the Capital Stabilization Fund to the $394,700 already authorized for borrowing for the purpose of replacing and remediation to 500 feet of retaining wall and surface water control system along the bike path in the vicinity of Davis Square.
The engineers' estimate was initially prepared in 2012 at 2012 construction costs. The project, due to delays in obtaining MBTA permits, was not bid until 2014. This request reflects the increased 2014 construction costs relative to 2012 construction costs.
Respectfully,
Joseph A. Curtatone
Mayor