The Gateway Community Services Development District set aside $700,000 for lake bank repair in fiscal year 2015.
Financial reports that provide up to date projections show that the amount the district is now expecting to spend is $1,060,000 in FY2015, meaning they’re $360,000 over what they originally budgeted.
Some of that is due to mistakes, some is due to poor work by contractors, some is due to the learning process and some is due to the fact that plans have changed.
One example of the changing plans will be presented at the August 9, 2015 meeting of the Board of Supervisors, where an additional $25,614 will be requested for stones to put on top of the Armormax for one lake in Hampton Greens.
This needs to be brought to the residents’ attention.
Because this particular change in plan is one that comes with a hefty price tag.
Keep in mind that $25,614 is just for one lake. If we’re going to add tens of thousands of dollars per lake for stones then the initial estimate of $4 million to complete the entire Lake Bank Restoration Project will be way off.
The GSCDD needs to re-examine the costs of the entire plan.
They should take what they’ve learned so far and go over the remaining lakes again, and provide the residents with a concrete estimate of what this whole thing will cost.
Because right now, nobody has a clue. They seriously have no idea how much money this will all take.
That’s no way to manage a multi-million dollar project.