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<br /> . <br /> CITY OF ARDEN HILLS <br /> APRIL 22, 1992 <br /> . PAGE TWO <br /> 8ased on the actual construction bid and the 32% overhead rate established <br /> in the City's Assessment Manual, the total project cost is $45,558.48. This <br /> project cost does not include any acquisition costs for property being <br /> pursued by City Attorney Jerry Filla. <br /> The City Council, following the close of the publ ic hearing on Monday, has <br /> the options of awarding the contract to the low bidder, accepting the bids <br /> and tabling action until an assessment hearing can be scheduled or rejecting <br /> the bids. Should an assessment hearing be scheduled, it would be <br /> appropriate to order preparation of an assessment roll. The .bid documents <br /> have been prepared so that the bids are good for 90 days from April 22, <br /> 1992. <br /> We will be in attendance at your Apri 1 27, 1992 City Counci 1 meeting, along <br /> with City Attorney Filla, to further discuss this matter. Please contact me <br /> if you have any questions. <br /> Sincerely, <br /> MAIER STEWART AND ASSOCIATES, INC. <br /> . /f~.4~ <br /> Mark J. Graham, P.E. <br /> MJG/db <br /> D29-2201.apr <br /> . <br />