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25 $1,753,411. The higher cost is attributed to higher than anticipated bituminous paving prices and <br />26 storm sewer construction costs. This will require use of additional Municipal State Aid funds and <br />27 Stormwater enterprise funds. <br />28 This project is proposed to be paid for using approximately $1.2 million in Municipal State Aid <br />29 funds, approximately $150,000 in assessments, approximately $290,000 from the storm water <br />3o fund, approximately $62,000 from the Water/Utility fund, approximately $48,000 Ramsey <br />31 County cost participation on the sidewalk north of County Road B and approximately $60,000 <br />32 from the Parks Renewal Program. <br />33 This project is proposed to be completed by September of 2015 <br />34 STAFF RECOMMENDATION <br />35 Staff recommends approval of a resolution awarding bid for the Victoria Street Reconstruction <br />36 Project in the amount of $1,809,925.93 to North Valley, Inc., of Nowthen, Minnesota. <br />37 REQUESTED COUNCIL ACTION <br />38 Approve resolution awarding bid for the Victoria Street Reconstruction Project in the amount of <br />39 $1,809,925.93 to North Valley, Inc., ofNowthen, Minnesota. <br />40 <br />41 Prepared by: Marc Culver, City Engineer <br />Attachments: A: Resolution <br />B: Map of Project Area <br />Page 2 of 2 <br />