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<br />Once bids are received, project staff will evaluate the pricing and make a recommendation to the <br />City Council. <br /> <br /> <br />Estimated 2023 Project Expenses <br />Park Amenities (Includes 10% Contingency Factor) $746,000 <br />Site Improvements (Includes 10% Contingency Factor) $802,000 <br />Professional Services (Construction Admin, Geotechnical, Electrical) $130,000 <br />Total: $1,678,000 <br />Draft 2023 CIP Funding <br />MnDNR Grant $300,000 <br />LCRA Donation $400,000 <br />General Capital Improvement Fund (Fund 400) – Rubber Surfacing $170,000 <br />General Capital Improvement Fund (Fund 400) – Trail Work $26,000 <br />10% Fund (Fund 408) $145,000 <br />ARPA Funds $576,036 <br />Total: $1,617,036 <br /> <br />As shown above, the current estimated 2023 project costs, with 10% contingencies, exceed the <br />preliminary revenue sources discussed at the October 12, 2022, City Council Workshop by <br />approximately $60,000. At this time, staff is not recommending any changes to the project scope <br />or funding. Once bids are received for the Site Improvements, staff will also have formal quotes <br />for the site amenities and professional services. Then, a final tabulation of costs and funding can <br />be shared with the City Council. At that time, Staff will make any necessary scope or funding <br />recommendations to the City Council before contracts are awarded and materials are ordered. <br /> <br />TIMELINE <br />• Playground Equipment Proposal Due ........................................................ October 21, 2022 <br />• Public Engagement for Playground Proposals ................... October 24 – November 3, 2022 <br />• City Council Authorizes Bidding (Site Improvements)............................. October 26, 2022 <br />• Solicit Quotes for Site Amenities ...................................... October 26 – December 1, 2022 <br />• Receive Bids for Site Improvements ....................................................... December 1, 2022 <br />• City Council Consideration of Quotes & Bids ...................................... December 14, 2022 <br />• Begin Construction .............................................................................................. May 2022 <br /> <br />