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Notification: <br />If Council approves plans and specifications and authorizes advertising for bids, bid advertisements will be <br />published in the City's official newspaper, the Anoka County Union Herald, as well as in Finance and Commerce, <br />on June 17th and June 24th. <br />Observations/Alternatives: <br />Observations: <br />The proposed improvements are consistent with the City's long-term Street Maintenance Program. <br />Staff anticipates receiving favorable bids for this project, which would be presented to Council for consideration of <br />awarding a construction contract to the lowest responsible bidder on July 26th. If a contract is awarded, work would <br />begin in August and be completed in September. An Assessment Hearing would then be held on October I lth. <br />Alternatives: <br />Alternative #1 — Motion to adopt Resolution #16-06-111 approving plans and specifications and authorizing bids <br />for Improvement Project #16-00, Division B; 2016 Mill and Overlay Improvements. <br />Alternative #2 — Motion to deny adoption of Resolution #16-06-111 at this time. <br />Funding Source: <br />The engineer's estimate is $299,700 for the proposed improvements. This amount includes 14% indirect costs for <br />administrative, engineering, finance and legal costs. The project is proposed to be funded using a combination of <br />street overlay bond proceeds, special assessments to benefiting properties, and stormwater funds in the following <br />estimated amounts: <br />• Special assessments = $2,850 (3 benefiting properties are each proposed to be assessed $950) <br />• Street overlay bond funds = $282,000 ($300,000 in street overlay bonds were issued to cover project costs, <br />including costs to be recovered through special assessments to benefiting properties) <br />• Stormwater utility funds = $17,700 <br />Staff does not intend to order a special benefit consultation report for this project due to the minimal amount of <br />special assessments. <br />Recommendation: <br />City staff recommends Alternative # 1. <br />Action: <br />Adopt Resolution #16-06-111 approving plans and specifications and authorizing bids for Improvement Project <br />#16-00, Division B; 2016 Mill and Overlay Improvements. <br />Resolution 16 06 111 <br />Plans IP1600B <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Len Linton Len Linton 06/08/2016 02:24 PM <br />Diana Lund Diana Lund 06/08/2016 02:44 PM <br />Kurt Ulrich Kurt Ulrich 06/08/2016 04:07 PM <br />Form Started By: Bruce Westby Started On: 06/06/2016 07:15 AM <br />Final Approval Date: 06/08/2016 <br />