PLEASANTON -- The work to install three stoplights along Stoneridge Drive went slightly overbudget, but officials say the costs were minor for important road work that will improve pedestrian and traffic safety in the Staples Ranch area.
Pacific Excavation Inc., an Elk Grove company, installed the traffic signals at Newton Way, and Guzman and Trevor parkways, along a two-thirds-mile stretch of the key street. The road improvements are part of Pleasanton's plan to extend Stoneridge Drive, connecting it with El Charro Road near the Livermore border.
The $800,000 budget for the road improvements was exceeded by about $5,700, according to a city report. Emily Wagner, Pleasanton's director of finance, said that every city project sets aside funds to cover up to 5 percent of budget overages -- a total of $40,000 in this case. This project's overage did not come close to that sum, Wagner said.
"We don't like to see any cost overruns but fortunately, this was not a significant overrun," she said.
Pleasanton paid the difference by transferring money from coffers the city set aside for landscape and irrigation improvements in the Staples Ranch area.
"It's a very logical decision to to use that fund because all of the work is related to Staples Ranch," she said.
Officials said the overrun was caused by unforeseen costs in the installation of a new PG&E transformer; a change in the design allowing U-turns at the intersection of Stoneridge Drive and Guzman Parkway; and the retrofit of safety lighting on the traffic signals.
Contact Chris De Benedetti at 510-353-7011. Follow him at Twitter.com/cdebenedetti.