Title
Resolution - Approval of 2022 Capital Improvement Plan Budget Amendment for Additional Engineering Project T319 - J Treviño
Other Info
Submitted By: Jose Treviño
Department: Engineering
Financial Impact and Cost/Benefit Considerations: Expenditures of $1.384M (are not currently included within the Cooperative's Capital Improvement Budget); no additional staff time expected (other than ordinary processing requirements).
Discussion
In order to address additional clearance requirements from the United States Army Corps of Engineers for the T319 transmission line between Fischer and Sattler in Cooperative service territory, an additional $1.384M budget amendment is requested.
Under the Budget Policy, a Major CIP Variance would occur given that the project requires funds not previously approved in the CIP Budget.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE, that the Board approve an amendment to the Cooperative's 2022 Capital Improvement Plan Budget as described herein; and
BE IT FURTHER RESOLVED, that the Chief Executive Officer or designee is authorized to take all such actions as needed to implement this resolution.