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• Interest rates are at very low levels and could increase within the next year which <br />would impact the interest rate on the assessments. <br />• Oil pricing and /or general construction market changes could result in higher bids <br />next year. <br />We have spoken to representatives of St. John's Church and Ramsey County regarding <br />the bids and the factors discussed above. Both are amenable to whatever decision the <br />City reaches. The County has contacted Mn /DOT regarding the detouring and traffic <br />impacts that will be related to the MnPass project on Interstate 35E scheduled as a <br />design build project over 2014 and 2015. There were stages of the project that utilized <br />Little Canada Road from Edgerton Street to Interstate 35E as a detour route. As the <br />project is design build, the traffic detouring and project scheduling are largely up to the <br />Contractor and therefore are not certain at this time. The County has indicated that if the <br />Little Canada Road project is delayed until next year, an acceptable detour could be to <br />direct traffic up Edgerton Street up to Centerville Road /County Road D and back to Little <br />Canada Road and the Interstate. The County also felt that the restriping and signal work <br />at the bridge would need to be completed as overnight work if the project was delayed <br />until next year. <br />Based on the items outlined above a case could be made for either awarding the project <br />and completing currently proposed work this year, or rejecting all bids and rebidding the <br />project in the spring of 2014 with the additional work at the interstate bridge and <br />additional sidewalk. We would like to receive City Council input on the factors above <br />and the award or rebidding of the project. If you have any questions please call me at <br />(763) 780 -0450 extension 3. <br />10062 Flanders Court NE — Blaine, MN 55449 — Ph: (763) 780 -0450 Fax (763) 780 -0452 <br />Memo - 070513 -CC (Bid Award) <br />