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Net Bonding: $8,878,000 <br />In regard to bonding, revised debt schedules are currently being prepared and will be provided as soon as available. <br />Recommendation: <br />Informational only <br />Action: <br />Staff is seeking council consensus with the following direction: <br />Option #1 - Move the project forward based on current $18.3M cost estimate, while continuing to seek ways to <br />lower overall cost. <br />Option # 2 - Reduce project scope to reduce size and cost of facility. <br />Option #3 - Expand the project to include the future expansion of the vehicle storage area at this time and bid as an <br />alternate to the existing plan. The expansion would increase the size of the vehicle storage area to by 12,000 sq ft at <br />an estimated cost of $2,000,000.00. This addition would be considered the eventual size needed for future growth of <br />the city and the PW department. <br />Civil Design <br />Architectural Design <br />Design Packet <br />Preliminary Budget <br />PW Campus 2020 GO CIP Bond Options <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Diana Lund Diana Lund 04/23/2020 01:12 PM <br />Kurt Ulrich Kurt Ulrich 04/23/2020 02:35 PM <br />Form Started By: Grant Riemer Started On: 04/22/2020 12:59 PM <br />Final Approval Date: 04/23/2020 <br />