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Of RDN the city that works for you Report Number Agenda Section Council Meeting Date REQUEST FOR COUNCIL CONSIDERATION 08-202 VI -7 July 22, 2008 ITEM DESCRIPTION: AUTHORIZE THE ADVERTISEMENT OF BIDS FOR CITY PROJECT 07-5, NORTHWEST QUADRANT DUMP CLOSURE PLAN. DEPARTMENT HEAD'S APPROVAL: C414.) CITY MANAGER'S APPROVAL: No comments to supplement this repo4� Comments attached Recommendation: To authorize the actvertisement of bids for City Project 07-5, Northwest Quadrant Dump Closure Plan. Legislative History: On May 27, 2008 the City Council approved a resolution ordering the project and authorizing the preparation of plans and specifications. Financial Impact: The current project costs including engineering and contingency is between $5.7 and $10.4 million. The current sources and uses model for this project has a place holder of $8.65 million for budgeting purposes. As this project is bid, a more refined cost estimate will be provided to the Council for consideration. Explanation: The proposed schedule is as follows: Advertise for Bids: August 4, 2008 Open Bids: August 28, 2008 Award Contract: September 9, 2008 Start Construction: September 29, 2008 Construction Complete: November 1, 2009 Originally, this project was scheduled to complete remediation necessary on Block A to allow for the proposed hotel development to break ground this October. However, it is the understanding of staff the hotel, if approved, would break ground in the spring of 2009. Therefore, this project will complete remediation necessary on Block A this fall to allow for hotel construction in the spring. Costs and Funding: Before the project is awarded to a contractor, City staff will present a detailed financing strategy for this project. Staff anticipates this project will be funded from a variety of funding sources including Met Council and DEED grants, pooled tax increment from 9, 20, and 26, and the Municipal Development Fund. Grant . Wyffels Director of Publi orks