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STAFF MEMO TO CITY COUNCIL <br />Proposed Funding Sources for City Costs <br />Staff has identified three possible sources for the city costs related to this project. They are <br />as follows: <br />Storm Utilitv Funds: $250,000 (amount to be based on actual storm sewer needs) <br />This corridor has existing storm drainage needs. If the trail is not constructed, the storm <br />utility would fund these improvements in the future as they are undertaken. <br />Construction or MSA Funds: The remaining city funding could use a combination of <br />existing city reserves, assessments, street bonding, and/or MSA funds. <br />Existin� En�ineerin� Bud�et: <br />About half of engineering and construction administration would be done by in-house <br />City staff. However, to stay on schedule (see below) staff will have to retain some <br />outside engineering services to help with preparing detailed drawings meeting federal <br />and state grant requirements for this Project. <br />Schedule: In order to meet the Federal approval deadlines, we have put together the following <br />schedule. We estimate that it will take staff(and consultants) at least 2 months to put together <br />plans and specificationsfor the proposedProject. <br />June 22 Project memorandum complete <br />June 25 Finalize right-of-way needs, Authorize appraisals <br />July 23 Easement appraisals complete <br />July-August Negotiate easements <br />August 15 Final plans to state for preliminary review <br />Sept 27 City Council consider easement condemnation <br />(if necessary) <br />Sept 30 Federal Funding Sunset Date <br />Deadline for Plans & specifications Final Approval <br />Right- of- way acquisition complete (or 90 days from acquisition) <br />Next Steps: <br />Staff will continue to pursue the above-described schedule and Proj ect. As touched on above, <br />this will require a substantial investment of stafftime and some outside consulting services in <br />order to stay on schedule and meet grant requirements. <br />