Agenda - Council - 10/14/2008 - Laserfiche WebLink

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huvc; their cost mportcd to ,;kno to County and collocated cava at perrac1d cal up Co ta:n yours with Iniac, at, arate of two .perca;nt (;%/ ) gbovc the U,S, Trcasury rate at the time Ofthe spec-11ctil =40smw llcrttring ,fit a141 estimated .cntcregt rate cal' b,8 1 'lnnual payments would range from $879 to $557 ravor this ton year period, PROJECT s'citrA DULL 'This project is at�tic,ipaited to pror.00c, un+dcr the rogulattions O '' C'haptcr 4 011 City Codi and State Statutes 429 whiall ra;V.latitO ypeairtil caswcssm.ent publica lmpruyment projocrts, A ghedi.tle year the progress of this project is atntiCcpati ed as tca.11taws; • , October 2008 Present felasibility sturdy to City Council and OrdOr public hearing November, 2008 I�told public hearing • %nuary, 2009 Authorize project by City Ccauncll (�0 days atter the public hearing) April, .009 Receive plans and specii"'Cations t:md authurite bids • May, «00� Receive bids and a�wa�rd annstructiean Contract June 2003 Constmot Project • SaptQmber *8, :0A�7 E�Iaald tiyaey rrtent h�;atring and levy awssments May 2010 :trst �assassmertt ga me t due The abovr .ychwdule is dc"Pundant upcara tilt rcgltlre d City kunds,'being ativaila,b doritthis or prraj+ ct withio; 2009 Qaalundar your �k.c�tnually the City has budgctod $�,,y.,_. _ p►atiti within ilstreet d pavin6 prnjeu su41% a,9 this rine, tt should $e Mato. that P00tia,ns ,Scar multiple projects have 1100n reccc:ivcd `t'c�r cpnstructian is 2009,Fluthc�rizaati.arc cast" auic�Cltie:'r Of these: projects would require this p:rq!cot to be delayed until lrtb beocaraes uvailctiblc, STAI'MA,RY AND CONCLUSIONS The proposed improvements are technically fcasibl4 ;acid will btmc:tit tilt; area sc:.rvud. It is ree-alTirn:nded that the City take tilt steps diacussod in the Project SchQd'U.lW scctiQll Q'I'this rc:part to decide whether to proceed with the improvements, �4w —155—