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Staff has reviewed the bid prices and recommends that the City proceed with the work. Under <br />the terms of the Joint Powers Agreement, the City is required to provide a letter of concurrence <br />to Coon Rapids if the City intends to participate in the program this year. A resolution <br />recommending award of the contract is provided as Attachment D. <br />Budget Impact <br />The 2023 Operating Budget includes funding in the amount of $220,000 for the proposed work <br />under the 2023 Street Maintenance Program and other annual costs related to resurfacing streets <br />(such as, our internally led paving project). Attachment B includes the estimated contract cost in <br />the amount of $78,849.98, plus estimated expenses for engineering inspection ($1,150.02) and <br />already including a contingency for quantity variations ($10,284.78) resulting in a total estimated <br />project cost of $80,000. <br />Attachments <br />Attachment A: Bid Tabulation <br />Attachment B: Arden Hills Program Costs <br />Attachment C: Seal Coat Map <br />Attachment D: Resolution 2023-014 <br />Page 2 of 2 <br />