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Page 3 of 3 Budget Impact The 2025-2029 Capital Improvement Plan identifies the 2026 PMP Street & Utility Improvements Project with a budget of $2,585,000 with project funding sources consisting of the PIR fund, special assessments, sanitary sewer utility, water utility, surface water utility and the Rice Creek Watershed District Grant for surface water improvements. City staff will be pursuing funding through the Rice Creek Watershed District Stormwater Management Grant Program and will coordinate with Ramsey County if there is an opportunity for cost-share-related pond improvements. The total project cost estimate and proposed project funding sources will be further refined during preparation of the feasibility report. Funding Sources Budgeted Amount PIR $860,000 Special Assessments $860,000 Sanitary Sewer $145,000 Surface Water $500,000 Water $120,000 RCWD Grant (surface water)$100,000 Total:$2,585,000 The proposal provided by Bolton & Menk includes fees not-to-exceed $439,813 for professional services for the entire project through feasibility report, design and specifications and construction administration. If approved, Bolton & Menk will proceed with the feasibility study phase. Once complete, Council will review the Final Feasibility Report at a Work Session, then at a regular Council Meeting will choose to Accept the Feasibility Report and Call for an Improvement Hearing (Public Hearing). After the Improvement Hearing, Council will choose to Order Plans and Specifications and Bolton & Menk will continue with the project according to the Professional Services Agreement. Attachments Attachment A: Project Corridor Map Attachment B: Resolution 2025-025 Attachment C: Proposal from Bolton & Menk Attachment D: Proposal from Braun Intertec Corporation Attachment E: Proposal from Nagell Appraisal & Consulting