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Poli objectives: Each feasibility report discusses individual projects and general applicable <br /> � - � following areas: <br /> 1.policies. The proposed projects are consistent with City policies i n the <br /> P � <br /> Program conforms to Pavement Management Program goals- rebuild 5 to 6 miles of <br /> "problem"residential streets per year and provide required maintenance of permanent <br /> 'marginal"and*'adequate"streets with curb and gutter. <br /> 2. Project costs financed according to assessment policy. <br /> . Construction standards and policies met for proposed street widths*utility replacements, <br /> etc. <br /> Financial implications: The total estimated project cost and financing of the proposed 1999 <br /> PIMP is as follows. <br /> Project cost Assessed city <br /> Number Estimate Amount Cost <br /> P-99-0 $13500307.76 $450,130.77 $1,040o176.99 <br /> Traditionally,the PIMP is financed with bonds.In order to use bond proceeds to reimburse <br /> certain expenditures for the ro•ects,the Council must make a formal declaration in the form <br /> c p projects, <br /> of a resolution. <br /> Schedule: For P 1 ro'ects ordered at the February 8, 1999 public hear'ngs,we suggest the <br /> following schedule' <br /> Feb. March 12 Plans and speci rication preparation period <br /> March g Council approval of plans and specifications and <br /> authorization to advertise for bid <br /> March 18 and April 8 Ad for bids in Focus <br /> March 19 and April 9 Ad for bids in Construction Bulletin <br /> April 14 Bid opening <br /> April 26 Council award of contracts <br /> May 10 Start construction <br />