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32 P OLICY O BJECTIVE <br />33 It has been the City’s policy to manage and maintain the street infrastructure utilizing pavement <br />34 management policies which achieve the lowest overall cost to the City over time. This <br />35 reconstruction project is consistent with those goals. <br />36 F INANCIAL I MPACTS <br />37 It is proposed that the City’s portion of the cost of the project be financed with Municipal State Aid <br />38 funds, special assessments, and storm water utility funds where applicable. Final cost estimates and <br />39 breakdowns of funding will be determined and presented in the feasibility study. Current overall <br />40 City costs are estimated to be $230,000. <br />41 S TAFF R ECOMMENDATION <br />42 Staff recommends that the City Council approve a resolution ordering the preparation of a feasibility <br />43 report for the Fairview Signal project. <br />44 R EQUESTED C OUNCIL A CTION <br />45 Approve resolution authorizing the preparation of a feasibility report for the Fairview Signal project. <br />Prepared by: Jesse Freihammer, Assistant Public Works Director/City Engineer <br />Attachments: A: Resolution <br />B: Project Location Map <br />46 <br />Page 2 of 2 <br /> <br />