Title
Resolution - Approval of 2022 Capital Improvement Plan Budget Amendment for Individual Project Wirtz-Flatrock-Paleface - J Treviño
Other Info
Submitted By: Jose Treviño
Department: Engineering
Financial Impact and Cost/Benefit Considerations: As discussed in Executive Session.
Discussion
In order to complete the scope of the project, unanticipated additional drilling and equipment was required for tower and wire installation. The construction is complete and final invoicing is pending which will include the change order. Under the Budget Policy, a Major CIP Individual Project Budget Variance would occur given the previously approved resolution 2021-164 in May 2021.
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.