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special assessments, can be reduced based on existing soil conditions and drainage needs within the <br /> residential neighborhood. The study will also evaluate the condition of sanitary sewer and pavement <br /> conditions along Lake Valentine Road to determine the extent and recommended timing of <br /> improvements. <br /> The following is a preliminary project delivery schedule for the 2021 PMP project. A refined project <br /> schedule will be provided within the feasibility report. <br /> Resolution Ordering a Feasibility Report April 27, 2020 <br /> Informational Meeting/Online Open House 91 May 27, 2020 <br /> Issue REP for Engineering Design June 1, 2020 <br /> Accept Feasibility Report, Call for Hearing June 22, 2020 <br /> Improvement Hearing, Order Plans& Specs July 13, 2020 <br /> Approve Engineering Design Agreement July 13, 2020 <br /> Informational Meeting/Online Open House 92 October 14, 2020 <br /> Approve Plans, Advertisement for Bids December 28, 2020 <br /> Call for Assessment Hearing January 11, 2021 <br /> Assessment Hearing February 22, 2021 <br /> Accept Bids and Award Construction Contract February 22, 2021 <br /> Start Construction April 21, 2021 <br /> Construction Final Completion November 2, 2021 <br /> Financial Impact <br /> The preliminary project cost estimate for the project is $3.6 million, approximately $1.1 million more <br /> than the current project budget provided in the 2020-2024 Capital Improvement Program. However, <br /> the feasibility study will provide updated project cost estimates and an alternatives analysis to consider <br /> options for minimizing proj ect costs. <br /> Based on Council discussion during the recent work session, the Finance Director will prepare a cash <br /> flow analysis of funding sources associated with proposed projects within the Capital Improvement <br /> Program, including updated costs for the 2021 PMP project, for consideration by the City Council <br /> during an upcoming work session prior to accepting the feasibility report. This information should <br /> assist the Council with evaluating available funding for the 2021 PMP project in comparison with other <br /> future infrastructure projects identified in the CIP. <br /> Attachments <br /> Attachment A—Project Area Map <br /> Attachment B — Summary of Infrastructure Conditions <br /> Attachment C Resolution 200-020 <br /> Page 2 of 2 <br />