The sales surtax renewal plan includes funding for electrical renewal at Palm Bay Elementary School. 

Wharton Smith, Inc. has submitted a Guaranteed Maximum Price (GMP) in an amount not to exceed $537,537 under their continuing contract for construction management services for the project based on a design submitted by DDC Engineering, Inc. under their continuing contract for mechanical, electrical, plumbing and fire protection engineering services. Administration and permitting costs have been previously budgeted.

This project is funded through 2020 sales surtax. The Independent Citizens Oversight Committee (ICOC) will consider allocating additional funds ($330,000) from the 2020 sales surtax revenue for this project at its December 7, 2022 meeting. Most electrical projects are exceeding the budgets recommended in the 2020 assessments. Sales surtax revenue has exceeded projections and is available to support the allocation. If needed, capital is also available to partially fund this project.

Board approval is required for purchase orders over $50,000. The standard agreement template has been used which does not require legal review. 

Approve the total project construction budget in the amount of $537,537 for the electrical renewal at Palm Bay Elementary School. 

Approve the Guaranteed Maximum Price (GMP) submitted by Wharton Smith, Inc., in an amount not to exceed $537,537 under their continuing contract for construction management services for the electrical renewal at Palm Bay Elementary School. 

Approve an additional allocation of $330,000 from the 2020 sales surtax revenue for the electrical renewal at Palm Bay Elementary School, pending ICOC review.