CCP 02-26-2008 - Laserfiche WebLink

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CJ • PROPOSED PROJECT SCHEDULE We recommend the following schedule for this project: Neighborhood Informational Meeting February 7, 2008 Receive Feasibility Study and set Improvement Hearing date February 26, 2008 Improvement Hearing _ J March 25, 2008 Award Contract May 2007 Start Construction June 2008 Project Completion September 2008 Assessment Hearing September 2009 RECOMMENDATION The construction of this project is feasible, necessary, cost effective, and recommended by staff. It is cost-effective and to the City's benefit to construct this project at this time. Future oil prices will certain continue to increase over the coming years, and will play a big part in overall rising project costs. Another consideration for doing the project at this time is the road construction business is at a virtual standstill for lack of work which will very likely result in some very competitive bidding which means lower bid prices and overall lower project costs. The action required by the City Council at the February 26, 2008, Council meeting is adoption of the following resolution which can be found on Page 15 of this report. RESOLUTION ACCEPTING THE FEASIBILITY STUDY FOR PROJECT 08-1, INNSBRUCK NORTH AREA STREET RECONSTRUCTION, AND SETTING THE PUBLIC IMPROVEMENT HEARING DATE. Adopting this resolution will accept this Feasibility Study and set the Public Improvement Hearing for March 25, 2008, The Council action required at the March 25, 2008, Public Improvement Hearing is to hold the public hearing and take action on the project. Staff recommends that the City Council approves Project 08-1, Innsbruck North Area Street Reconstruction, and adopts the following resolution which can be found on Page 16 of this report. RESOLUTION ORDERING PROJECT AND AUTHORIZING PREPARATION OF PLANS AND SPECIFICATIONS FOR PROJECT 08-1, INNSBRUCK NORTH AREA STREET RECONSTRUCTION. 7