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Staff has confirmed with SRF Consulting Group that the proposal presented in December is still <br />78 <br />valid and they will honor the cost proposal, at $117,014.00, for the services identified in the <br />79 <br />proposal. <br />80 <br />As a final note, beyond this approval for the design services contract, the following additional <br />81 <br />City Council action will be required for the actual construction of the final phase of Twin Lakes <br />82 <br />Parkway, some of these items may be combined into one action item: <br />83 <br />Approval of funding for the construction of Twin Lakes Parkway <br />84 <br />Approval of plans and specifications <br />85 <br />Authorization for advertisement of bids <br />86 <br />Awarding contract to responsible bidder <br />87 <br />PO <br />OLICYBJECTIVE <br />88 <br />The Twin Lakes project has long been identified as a priority for the City. This project would <br />89 <br />complete the extension of Twin Lakes Parkway and is consistent with the original Master Plan <br />90 <br />for the Twin Lakes area, the Twin Lakes Business Park AUAR as originally adopted in 2001 and <br />91 <br />the City’s Comprehensive Plan. <br />92 <br />FI <br />INANCIAL MPACTS <br />93 <br />Staff recommends using funds from the existing TIF funds in the Twin Lakes area to fund this <br />94 <br />design services contract. Funding for the actual construction of the roadway will require further <br />95 <br />discussion at the Council level on whether to use special assessments, either on a benefiting area <br />96 <br />in the Twin Lakes area or only assessing fronting properties, use additional TIF funds if the TIF <br />97 <br />account balances are sufficient, or use general fund dollars or a mixture of the above. This <br />98 <br />discussion will need to occur before authorizing this project to be advertised for bid. <br />99 <br />SR <br />TAFF ECOMMENDATION <br />100 <br />Staff recommends the Council award a design services contract with SRF Consulting Group for <br />101 <br />the design of Twin Lakes Parkway Phase III in the amount of $117,014. <br />102 <br />RCA <br />EQUESTED OUNCIL CTION <br />103 <br />Award a design services contract with SRF Consulting Group for the design of Twin Lakes <br />104 <br />Parkway Phase III in the amount of $117,014. <br />105 <br />Prepared by: Marc Culver, City Engineer <br />Attachments: A: Figure <br /> B: Year 2030 Estimated Daily Traffic Volumes <br /> C: Design Services Proposal <br />Page 3 of 3 <br /> <br />