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1998_0209_packet
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1998_0209_packet
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Each feasibility report discusses individual projects and general applicable <br /> Policy objectives: � � <br /> policies, The proposed projects are consistent with City policies in the following areas: <br /> 1. Program conforms to Pavement Management Program goals - rebuild 5 to 6 mikes of <br /> 11p roblem" residential streets per year and provide required maintenance of permanent <br /> '.margitW" and "adequate" streets with curb and butter. <br /> 2. Project costs financed according to assessment policy. <br /> 3. Construction standards and policies met for proposed street widths, utility replacements* etc. <br /> Financial implications: The total estimated project cost and financing of the proposed 1 998 <br /> PMP is as follows: <br /> Project Cost Assessed city <br /> Number Estimate Amount Cost <br /> P- 8-0 $137221)676 $430)670 $172921006 <br /> P- -06 $701-372 $173600 $521772 <br /> P- 8-08 $29,2879 $71470 $221)409 <br /> Total $198229927 $4559740 $1,367,18 <br /> Traditionally, the annual bond to finance the PW has been 2 to 2.5 million dollars per year. In <br /> order to use bond P roceeds to reimburse certain expenditures for the projects, the Council must <br /> make a formal declaration in the form of a resolution. <br /> For P rojects ordered at the February 9, 1998 public hearings, we suggest the following schedule: <br /> Feb. 10 - March 9 Plans and specification preparation period <br /> March 9 Council approval of plans and specifications and authon'zation <br /> to advertise for bid <br /> March 17 and April 7 Ad for bids in Roseville Review <br /> March 20 and April 10 Ad for bids in Construction Bulletin <br /> April 14 and April 15 Bid openi <br />
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