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Page 2 <br /> The total estimated cost for this project including the easement cost and engineering and contingencies is $390,258. The <br /> project is proposed to be funded from the following sources: <br /> 111, <br /> Total Project Cost including Easement Cost and Engineering and Contingencies $390,258 <br /> MacGillis and Gibbs Land Sale Proceeds $177,890 <br /> Hypro Corporation $ 25,770 <br /> City Storm Water Utility Fund $ 93,299 <br /> Tax Increment Financing $ 93,299 <br /> We are proposing a bid opening date of January 20, 1998,with bids presented to Council for consideration of an award at the <br /> January 27, 1998,Council meeting. Construction would begin in February and the project would be substantially complete by <br /> May 1998. <br /> • <br /> I <br /> LIENGINEERIENG-97-CCIREP 0 RTSIBCPCNTR 1.WPD <br />