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AGE[V�A SEC710N : <br />Reports and Recomanendat�ions <br />��,����� F�� �������..d ������ DaTE, z--4-75 <br />ORIGINA�ING DEPT./DIV.: <br />Adm <br />f:`�M NO.: ITEPA DESCRIPTION: City Hall - C1ViC C2riter Drive - <br />_ I Fire Station - Plans � Bids <br />�EPT_HEAD APPRQVAL. <br />MGit. R�VIENIED/ RECUMMEPJDS : <br />Fina1 plans and specificatzons have been submztted hy the Architect ta the City <br />for the City Hall, Civic Center �rive and Fire Station pxojects. Tt is nolv nec- <br />essaxy for the Council to offi�ially apprave the plans and set a date for rec�i�inb <br />bicls. The necessary legal notices have been prepared to xeceive bi�s until <br />Z:00 P.M, on March 5. <br />If the bids are in oxder and within budget, it is anticipa�ed thaf the successful <br />bid would be awarded March 10. <br />Revxew of �he plans by the staff tvill be compJ.efi ed by the time o£ the meeting. <br />Action Requested: Mation adopting a xesolution approving pZans and <br />specificat�.ons for construction of a New Ci�y HaJ.I, <br />New Fire Station No. 3 and Civic Center Drive Nes� <br />Road and ordering advertisement for bids. <br />Infortnation: The date of the bond sale to finance a portion o� the new City Hali <br />will be de'�exmined later. It is anticipated that the 5ale wi1.1 be <br />scheduled far Apri1 or i�fay, depending on the bond market trend. <br />The bon.d market specialisis are projectang the bond buyers index <br />to decline from the current 5.5Q to 5.50 hy mid y�ar. 'I'he City <br />has su�fa.cient funds on hand ($250,000) to cover contractor pay- <br />menfis through May, i9'15. T3ierefore, th�e longer the sale date can <br />be extended, the moxe advantageous it iaoulcl appear for the City. <br />