TO: Margate CRA Chair and Members of the Board
FROM: Cale Curtis, CRA Executive Director
DATE: June 11, 2025
Title
AMENDING THE FY24-25 BUDGET BY TRANSFERRING ONE HUNDRED AND EIGHTY ONE THOUSAND, EIGHT HUNDRED AND THIRTY SEVEN DOLLARS ($181,837) FROM THE “CONTINGENCY” ACCOUNT TO THE “CORAL GATE PARK IMPROVEMENTS” ACCOUNT FOR COMPLETION OF THE PROJECT
BACKGROUND: The final phase of the extensive upgrades to Coral Gate Park include replacing the playground equipment, updating the restroom building, the installation of a picket fence, repainting the park shelters and replacing sections of the asphalt walkways with concrete. This work has been awarded to MBR Construction in an amount not to exceed $670,795 plus 5% contingency for a total impact of $704,335. This exceeds the current available budget by $181,837, thus necessitating a budget transfer to accommodate this scope of work.
The item before the Board is the transfer of $181,837 to the Coral Gate Park Improvements account.
RECOMMENDATION: For Board Approval
FISCAL IMPACT: Budget Transfer of $181,837 from the CIP Projects - Contingency Budget Line: No. 340-0510-590.91-02 to Coral Gate Park Improvements Budget Line: No. 340-0510-512.63.62
CONTACT PERSON: Cale Curtis, CRA Executive Director