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35 Project Construction –Summer 2023 or Summer 2024 <br />36 Final Assessment Hearing –September 2023 or September 2024 <br />37 P OLICY O BJECTIVE <br />38 It has been the City’s policy to manage and maintain the street infrastructure utilizing pavement <br />39 management policies which achieve the lowest overall cost to the City over time. This <br />40 reconstruction project is consistent with those goals. <br />41 F INANCIAL I MPACTS <br />42 It is proposed that the City’s portion of the cost of the project be financed with Municipal State Aid <br />43 funds, special assessments, and storm water utility funds where applicable. Final cost estimates and <br />44 breakdowns of funding will be determined and presented in the feasibility study. Current overall <br />45 City costs are estimated to be $1,273,964.00. <br />46 S TAFF R ECOMMENDATION <br />47 Staff recommends that the City Council approve a resolution ordering the preparation of a feasibility <br />48 report for the County Road B Reconstruction project. <br />49 R EQUESTED C OUNCIL A CTION <br />50 Approve resolution authorizing the preparation of a feasibility report for the County Road B <br />51 Reconstruction project. <br />Prepared by: Jesse Freihammer, Assistant Public Works Director/City Engineer <br />Attachments: A: Resolution <br />B: Project Location Map <br />Page 2 of 2 <br /> <br />