Agenda - Council - 06/10/2008 - Laserfiche WebLink

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sources have also been suggested along with the assessment impact for each element to assist in determining possible financing scenarios. The table below has been prepared anticipating 25% project overhead costs and assumes 68 units will be assessed. Possible Funding Total Project 100% 50% 25% Sources Cost Assessed Assessed Assessed Project Element Schedule: Bids for the 2008 Street Program are to be awarded at the June 10 City Council meeting and work is anticipated to begin after July 1 and will be completed by the end of July. Staff feels that this year's work will be very competitive and that the alternate bid received for the bituminous overlay for IP 08 -06 will likely be the same as the base prices for the other overlay projects. However, to accomplish the work during this construction season the alternate bid award should be made before September 9, 2008 City Council meeting. Action: Staff has been directed to prepare a feasibility study outlining the scope, costs and financing associated with an alternate project to IP 08 -06. Direction should be provided on identifying benefitted parcels and suggested financing options. Consideration should also be given to a schedule for public involvement for this process with the goal of having a decision rendered no later than the September 9 Council meeting. Reviewed By Director of Public Works/Principal City Engineer PW: 05/20/08 MSA, City, Conc. Curb & Gutter Assessments $ 317,863 $ 4,674 $ 2,337 $ 1,169 Reconstruct Street MSA, City, Assessments $ 578,956 $ 8,514 $ 4,257 $ 2,129 Sidewalk MSA $ 315,964 Storm Sewer Storm Water Utility $ 59,631 sources have also been suggested along with the assessment impact for each element to assist in determining possible financing scenarios. The table below has been prepared anticipating 25% project overhead costs and assumes 68 units will be assessed. Possible Funding Total Project 100% 50% 25% Sources Cost Assessed Assessed Assessed Project Element Schedule: Bids for the 2008 Street Program are to be awarded at the June 10 City Council meeting and work is anticipated to begin after July 1 and will be completed by the end of July. Staff feels that this year's work will be very competitive and that the alternate bid received for the bituminous overlay for IP 08 -06 will likely be the same as the base prices for the other overlay projects. However, to accomplish the work during this construction season the alternate bid award should be made before September 9, 2008 City Council meeting. Action: Staff has been directed to prepare a feasibility study outlining the scope, costs and financing associated with an alternate project to IP 08 -06. Direction should be provided on identifying benefitted parcels and suggested financing options. Consideration should also be given to a schedule for public involvement for this process with the goal of having a decision rendered no later than the September 9 Council meeting. Reviewed By Director of Public Works/Principal City Engineer PW: 05/20/08