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Page 2 of 2 <br />F INANCIAL I MPACTS 31 <br />A cost share agreement for this project was approved by the City Council at the December 10, 2012 32 <br />meeting. The total City cost share for this project is $400,000. The $100,000 Environmental 33 <br />Assistance grant is included in the City’s cost share amount. The remaining City contribution is 34 <br />funded by the Storm Sewer Infrastructure Fund. 35 <br />Bids for the Villa Park Wetland Restoration Proj ect were opened February 1, 2013. The apparent 36 <br />low bidder submitted a contract price of $1,201,342.40, which is lower than the Engineer’s Estimate 37 <br />for the project, $1,440,488.51. The constr uction on the project is scheduled to occur from April to 38 <br />October, 2013. 39 <br />S TAFF R ECOMMENDATION 40 <br />Staff recommends approval of a resolution accepting an Environmental Assistance Grant for 41 <br />Villa Park Wetland Restoration Project and designate the Public Works Director as the 42 <br />authorized representative for the project. 43 <br />R EQUESTED C OUNCIL A CTION 44 <br />Approve resolution accepting the Environmental Assistance Grant for Villa Park Wetland 45 <br />Restoration Project and designate the Public Work s Director as the authorized representative for 46 <br />the project. 47 <br />Prepared by: Kristine Giga, Civil Engineer <br />Attachments: A: Resolution <br />