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approximately five years. This work will need to be completed in order to construct a new Fire <br />Station #2. This step was approved by the City Council in August 2014. <br />UPDATE: BKV Group has completed final design. BKV Group completed site plan <br />review on January 13. BKV Group is finalizing bid documents now. The most recent <br />budget estimates from BKV Group are as follows: Construction Costs: $3,390,000 Soft <br />Costs: $461,000, Sub Total: $3,851,000 (about $140,000 increase <br />from preliminary design; step 3 above). The reason for the increased costs are as <br />follows: (1) inflation on material costs (2) negative supply/demand effects on <br />construction industry (3) unforeseen earthwork (4) staff recommendation to increase <br />"construction administration" services by the architect. NOTE: these costs don't include <br />financing costs. See budget section of case for details. <br />5. Letting Bid & Bid Award -- <br />The purpose of the case tonight is to initiate this step in the project process. The purpose of this <br />stage is to let bids, attain bids, and potentially award the proposed construction project to a <br />general contractor. Estimated Construction period set at 11 months <br />6. Construction Administration <br />Upon awarding a bid to a general contractor, BKV Group will administer the construction <br />process in conjunction with a general contractor. This stage of the process is <br />execution/construction. <br />