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FINANCIAL DISCUSSION <br />� Staffreceived four bids for this project. The low bid submitted by Park Construction Company, <br />�. in the amount of $2,312,776.03, is 2.8% higher than the engineer's construction estimate of <br />�_ $2,249,711.50. Bids were slightly higher than anticipated far bituminous paving, watermain <br />. replacement, and storm sewer utility work. The increased costs will be funded from Roseville <br />� and Falcon Heights MSA funds, the Street Infrastructure Fund, and Water and Stormwater <br />.�. Utility enterprise funds. <br />� This project is proposed to be paid for using approximately $395,000 of Municipal State Aid <br />._ funds, approximately $914,000 from the Street Infrastructure Fund, approximately $290,500 <br />. from the City of Falcon Heights, approximately $581,000 from the Water/Sanitary Sewer Utility <br />., funds, and approximately $131,500 from the Street Infrastructure fund. <br />:s This project is proposed to be completed by September of 2015. <br />., STAFF RECOMMENDATION <br />. Staff recommends approval of a resolution awarding bid for the 2015 Pavement Management Proj ect <br />��: in the amount of $2,312,776.03 to Park Construction Company of Minneapolis, Minnesota. <br />�'. REQUESTED COUNCIL ACTION <br />Approve resolution awarding bid for the 2015 Pavement Management Project in the amount of <br />�� $2,312,776.03 to Park Construction Company of Minneapolis, Minnesota. <br />� Prepared by: Marc Culver, City Engineer <br />Attachments: A: Resolution <br />B: Map of 2015 PMP Area <br />Page 2 of 2 <br />