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Councilmember Zimmerman thanked the County for installing the stop signs at C.R. #116 and <br />Dysprosium. He stated that he has some concern with the funding on the T.H. #47 project since <br />the total bill for the project will be 6.2 million dollars and the City will be responsible for 2.2 <br />million. He questioned if the County is still participating with their portion of the project. <br /> <br />Commissioner Berg replied that nothing has changed with the County funding. He explained <br />that the intersection of C.R. #5 and T.H. #47 has been a planned County project for years, only <br />the scope of the project has changed considerably. <br /> <br />Councilmember Zimmerman inquired if the County's portion is a fixed cost or a percentage. <br /> <br />Commissioner Berg replied the County will be paying for their share of the cost for the <br />intersection of C.R. #5 and T.H. #47. <br /> <br />Councilmember Connolly questioned if the County will be paying 25% of the cost of the <br />intersection. <br /> <br />Commissioner Berg replied that $250,000..would be a good estimated figure, but he won't know <br />exactly until the bids come in. <br /> <br />Councilmember Connolly inquired if the project cost would go over $250,000, would the County <br />contribute additional funds. <br /> <br />Commissioner Berg replied that the County will pay for their share of the project. <br /> <br />County Engineer Jon Olson, stated that he has been working with the City on the project for a <br />long time and the cost is currently $267,577.90 for the intersection of C.R. #5 and T.H. #47 and <br />Eighty percent of that amount is eligible for federal funding so the remainder would be the <br />County's share totaling approximately $55,000. Instead of the 2.2 million dollars originally <br />applied for from federal funding, the number would be increased to 3.160 million. <br /> <br />Councilmember Hendriksen questioned why there is a total project cost of 6.8 million dollars. <br /> <br />County Engineer Olson replied that the City put the application and project together and had to <br />obtain right-of-ways which is why the costs are higher. <br /> <br />Councilmember Hendriksen stated that the amount of funding from the County is continually <br />changing. He originally heard the County was putting in $250,000, then the amount was reduced <br />to $50,000, and then the City was told the County would contribute the full $250,000 if certain <br />deadlines were met. <br /> <br />Commissioner Berg replied that, based on the figures presented years ago, the project was <br />estimated at 2.280 million dollars. More money has since been made available from the federal <br />government than was anticipated. <br /> <br />City Council/November 23, 1999 <br /> Page 3 of 25 <br /> <br /> <br />