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At this time there are not sufficient funds in the MSA account to fund the improvements. As such, funding would <br />need to be provided through the use of special assessments, bonds, adoption of a franchise fee, or a combination <br />thereof. In other words, the City should consider the comprehensive street reconstruction financing prior to <br />ordering this project. <br />Staff Recommendation: <br />Staff recommends providing a recommendation to Council to direct staff to update the estimated costs for <br />reconstructing Andrie Street and constructing new sidewalk. As long as any interest is shown by area residents to <br />construct sidewalks this cost should also be updated in order to provide current information. Staff should also be <br />directed to prepare to determine final costs and financing options for the street reconstruction effort. <br />Action: <br />1) Provide a recommendation to City Council to allow a current evaluation of Andrie Street costs if reconstructed <br />in 2013. <br />2) Direct staff to prepare to prepare a report outlining final costs and financing options for the street reconstruction <br />effort and report within 60 days. <br />Andrie St Feas Study w surveys <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Grant Riemer MaryJo Warner 05/16/2013 02:06 PM <br />Kurt Ulrich Kurt Ulrich 05/16/2013 04:36 PM <br />Form Started By: Bruce Westby Started On: 05/16/2013 12:30 PM <br />Final Approval Date: 05/16/2013 <br />