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DRAFT - MARCH 6, 1998 <br /> 5.3 Financing <br /> See schedules in Appendix. <br /> A fee of $1,741.23 was used as the standard watermain fee for existing <br /> properties that will be connected to City watermain. This fee represents the fee <br /> of $1,644.91 that was adopted in 1996, increased by 5.86%, based on the <br /> Engineering News Record (ENR) construction cost index increase for the period <br /> April 1996 - March 1998. <br /> 5.4 Project Schedule <br /> The following project schedule for the Parkview Addition Street and Utility <br /> Improvements project is based upon guidelines established in Minnesota State <br /> Statues, Chapter 429, Local Improvements, Special Assessments. These dates <br /> may be revised as the project continues to progress through City Council <br /> review. <br /> Review Draft Feasibility Study and Discuss Funding March 11, 1998 <br /> Options <br /> Receive Final Feasibility Study and Schedule Public March 25, 1998 <br /> Hearing <br /> Hold Public Hearing and Order Plans and April pril 22, 1998 <br /> Approve Plans and Specifications and Authorize May 27, 1998 <br /> Advertisement for Bids <br /> Receive Bids June 30, 1998 <br /> Hold Assessment Hearing and Award Contract July 8, 1998 <br /> Begin Construction July 1998 <br /> Complete Construction October 1998 <br /> FEAS- 260.089 6 260099M <br />