HomeMy WebLinkAboutCR21_TH13 Street Reconstruction Project Presentation2019 Street Reconstruction Project –
CR21/TH13/Main Ave/Arcadia
June 25, 2019
Council Meeting
City Cost
•Per As-Bid:
•Total City Cost: $3,780,000
•Current City Funding: $$2,720,000
•Current Funding Shortfall: $1,060,000
City Funding Options/Savings
•Delete Median Monuments from As-Bid:
•Delete Median Monuments ($560,000)
•Future City Cost to Install: $250,000
•Net Savings: $310,000
•Additional City Funding Sources needed $750,000
•MSA Funding
•Construction Fund Balance
•Utility Funding
2020 Fish Pt Road Area St. Recon. Estimated Project Costs
Project Funding
ITEM PROJECT TOTAL
MSA $600,000
Tax Levy $2,257,000
Assessments $1,280,000
Water $1,101,000
Sewer $307,000
Stormwater/Water Quality $309,000
Total $5,854,000
Additional Information
•Street Reconstruction Costs:
•2017: $5.6M (Cates/Balsam/Franklin/Sycamore)
•2018: $4.1M (2018 Street Impr.)
Discussion
Does the City feel comfortable with
the bid received?
Does the Council want to move
forward with the monuments?