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3. There is potential for savings through "an economy of scale " by combining with other city projects for the 2009 eonstructi~on season. 4. The City's Engineer can help ensure you are evaluating projects on an "apples to apples" basis. 5. The City Engineer has extensive experience in building similar projects in Little Canada that help in dealing with design issues associated with soil variations and project oversight. 20. Could we do this project without the City and its Engineer? A) Yes, even if the City still assisted with the financing. You could hire another engineering firm and bid the project on your own. Or you could have the City Engineer finish plans and specifications and bid the project on your own. Or, you could simply contact contractors for pricing and trust that they will do the work necessary for a good job. 21. Is the City guaranteeing the project will last? A) No, we cannot do that. We will tell you that our Engineer has provided you with an estimated design that should work well in your area given his experience in the City. However, we cannot warranty a project beyond the Conh•actor's warranty r°equired by the contract documents, same as on any City Street project. Further, if you modify his recommendations, you have chosen to take on some additional risk in terms of the project's life. 22. What is the City getting out of this? A) The City receives the satisfaction of knowing ive helped to maintain quality housing within our community. We will not be profiting by this pr°ocess. Our only goal is to cover our costs. As of now, those costs include our engineering,fees, costs of debt issuance (factored into the interest rate), capitalized interest (the tune from when debt is issued until repayments are made), and some of our administrative costs capped at $S, 000 per project to cover notices, staff time, hearings, legal, and publication costs. 23. When do we have to decide? A) Statutorily, the 45-day veto period is the legal time line. However, there are some other considerations to enable your associ~ati~on to be part of the Ciy's bidding of 2009 mock. The first issue is a topographic survey (elevations to enable rroadway and drainage design) needs to be done before snow accumulation. ('t'his will cost your association about $5, 000). The next concern is the engineer needs time to complete the design and assemble plans and specifzcations for bidding as part of city project documents. This takes about six weeks. The Ciy's goal is to have our pr°ojects out to bid in mid February to early March. If your association wants to be part of our bid process, you would need to be ready by that time line. 24. Do we have to bid with tl¢e City? A) No, you could bid this project on your own. The advantage of bidding with the Ciry is being part of a larger project that, in theory, should help get better pricing for your job. It should also save costs in that you would not be paying a separate mobilization fee (the fee a contractor usually builds into their pricing to deal with moving equipment to a job and set up details). If a contractor is already moving into the city,for a project, most ofthal fee should be avoided, for your project. 25. What if' I have additional questions? A) Please,feel free to contact Joel Hanson at City Hall. My phone number is 651-766-4040. I will do my best Co answer your question or get you the information you desire. You may also contact the members of your Advisory Board for more details on the specifics of the project.