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Staff therefore requests Council approval of the attached Feasibility Report. Another case will request authorization <br />to prepare a new Feasibility Report to explore the feasibility of mill and overlay improvements on the streets within <br />Business Park 95 and Regency Pond 1st, 2nd and 3rd Additions. These actions are necessary to follow the Chapter <br />429 process allowing for the use of Special Assessments to pay a portion of the costs. <br />Notification: <br />Notifications are not required for this case. <br />Observations/Alternatives: <br />Observations: <br />A copy of the meeting minutes from the February Public Works Committee meeting is attached. <br />Alternatives: <br />Alternative #1 — Motion to adopt Resolution #20-036 accepting the Feasibility Report for 2020 Overlay <br />Improvements, Improvement Project #20-02. <br />Alternative #2 — Motion of other. <br />Funding Source: <br />The draft Feasibility Report was prepared in-house as part of Staff's normal duties, as would the new Feasibility <br />Report. <br />The 2020 pavement mill and overlay improvements are proposed to be funded through the Road <br />Reconstruction/Overlay Fund, which has a current balance of $811,000. However, the 2019 street reconstruction <br />projects are also utilizing this funding source and have approximately $35,000 in outstanding obligations so the <br />amount available to fund 2020 pavement mill and overlay improvements is approximately $775,000. <br />Recommendation: <br />Staff recommends alternative #1. <br />Action: <br />Motion to adopt Resolution #20-036 accepting the Feasibility Report for 2020 Overlay Improvements, <br />Improvement Project #20-02. <br />Attachments <br />Resolution 20-036 <br />Feas Report IP2002 <br />CIP Pg210 <br />Feb PWC Mtg minutes <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 02/20/2020 03:12 PM <br />Form Started By: Bruce Westby Started On: 01/21/2020 08:08 AM <br />Final Approval Date: 02/20/2020 <br />