Metro - File #: 2015-1759

• File #: 2015-1759
• Type: Contract
• Status: Consent Calendar
• File created: 12/10/2015
• In control: Board of Directors - Regular Board Meeting
• On agenda: 1/28/2016
• Final action: 1/28/2016
• Title: CONSIDER: A. INCREASING the Life of Project budget for Project 809081, Red Line Segment 2 Close-out in the amount of $336,697, increasing the previous authorization amount of $31,510,403 to $31,847,100; B. AMENDING the FY 16 budget to add $187,500 to Project 809081, Red Line Segment 2 Close-out; C. INCREASING the Life of Project budget for Project 809082, Red Line Segment 3 Close-out in the amount of $556,900, increasing the previous authorization amount of $3,639,000 to $4,195,900; and D. AMENDING the FY16 budget to add $62,500 to Project 809082, Red Line Segment 3 Close-out.
• Sponsors: Construction Committee
• Indexes: B Line (Red) Segment 3, Budget, Budgeting, Construction, Contracts, Metro Red Line, Project, Proposition A, Red Line MOS-2 North, Red Line MOS-2 West, Red Line Seg 2 Closeout (Project), Red Line Seg3 North Hollywood Closeout (Project)

Date	Action By	Action	Result
1/28/2016	Board of Directors - Regular Board Meeting
1/21/2016	Construction Committee

Meeting_Body
CONSTRUCTION COMMITTEE
JANUARY 21, 2016

Subject/Action
SUBJECT: RED LINE SEGMENT 2 CLOSE-OUT AND RED LINE SEGMENT 3
CLOSE-OUT

ACTION: AUTHORIZATION FOR INCREASE THE LIFE OF PROJECT BUDGETS

Heading
RECOMMENDATION

Title
CONSIDER:

A. INCREASING the Life of Project budget for Project 809081, Red Line Segment 2 Close-out in the amount of $336,697, increasing the previous authorization amount of $31,510,403 to $31,847,100;

B. AMENDING the FY 16 budget to add $187,500 to Project 809081, Red Line Segment 2 Close-out;

C. INCREASING the Life of Project budget for Project 809082, Red Line Segment 3 Close-out in the amount of $556,900, increasing the previous authorization amount of $3,639,000 to $4,195,900; and

D. AMENDING the FY16 budget to add $62,500 to Project 809082, Red Line Segment 3 Close-out.


Issue
ISSUE

Litigation arising out of the construction of Red Line Segment 2 and Segment 3 is on-going. The remaining litigation is now in the appellate stage. The current LOPs for Segment 2 and Segment 3 do not include amounts necessary for the appellate services now required, and thus are not sufficient to fund the remaining litigation necessary to close out these projects.

The Life of Project Budgets for Project 809081, Red Line Segment 2 Close-Out and Project 809082, Red Line Segment 3 Close-Out need to be increased to fund the above described costs.

Financial Impact
FINANCIAL IMPACT

This action will increase the FY16 budget as follows:

1. Adding $187,500 to Cost Center 1210, under Project 809081, Red Line Segment 2 Close-out, account 50302 - legal services; and

2. Adding $62,500 to Cost Center 1210, under Project 809082, Red Line Segment 3 Close-out, account 50302 - legal services;

These increases will be funded with Proposition A 35%.

This action will increase the Life of Project budget for Project 809081 from $31,510,403 to $31,847,100 and the Life of Project budget for Project ...