Title
Resolution - Approval of Lago Vista T3 Substation Construction Contract Amendment - J Greene
Other Info
Submitted By: Jonathan Greene
Department: Chief Operations Officer - Transmission
Financial Impact and Cost/Benefit Considerations: As discussed in Executive Session.
Discussion
In February 2024, the Board approved a construction contract for the Lago Vista T3 project. The scope of the project has changed due to additional requirements recently imposed by the City of Lago Vista. The City’s new requirements include changes to the civil and stormwater plans, changes to URD feeder exits, and increased excavation. In addition, PEC has experienced increases in costs associated with delay of the project as a result of the new requirements and additional changes in scope to the project. Therefore, a change order to the original construction contract is required to address the change in scope and the additional construction costs.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE, that the Cooperative is approved to execute a change order to complete the additional project scope for the Lago Vista T3 Substation Construction Contract as described in Executive Session; 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.