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. The contractor is required to remove the Hagen Building by the end of 2015. Twin Lakes Parkway <br />z� must be completed by August 1, 2016. <br />� FINANCIAL IMPACTS <br />� The cost of this improvement is funded from TIF District 17, specifically the recently issued bonds <br />_ that will be paid back through future TIF District 17 revenue. The project will also use TIF District <br />:, 17HSS funds. Environmental impacts from soil mitigation would be paid from TIF District 17HSS, <br />., in the amount of $257,500. The remaining $2,312,212.80 would be paid out of TIF District 17. <br />_ Additional costs to TIF District 17 for Twin Lakes Parkway Phase 3 include $136,994.00 for design <br />� services, $229,847.00 for construction services (if approved), and approximately $20,000 for <br />� construction testing. Overall impacts to TIF District 17 will be $2,700,053.80. <br />. STAFF RECOMMENDATION <br />��� �� Staff recommends the Council approve the resolution to award bid for Project P-15-14 Twin Lakes <br />.. Parkway Phase 3 Project. <br />.. REQUESTED COUNCIL ACTION <br />Motion to approve resolution accepting the bids and awarding contract for Twin Lakes Parkway. <br />Preparedby: Marc Culver, Public Works Director <br />Attachments: A: Resolution <br />B: Engineer's Recommendation Letter <br />C: Bid Tabulation <br />D: Project Layout <br />Page 2 of 2 <br />