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Fourth Avenue Trunk Utility Award <br />Page 2 <br />FINANCING SUMMARY: <br />The construction costs for this project will be paid by the Area and Unit Funds <br />collected from the Behm's Century Farms Development. - • <br />The Development Contract has been signed by the developer and the Letter of <br />Credit has been submitted to the City. <br />PROJECT SCHEDULE: <br />It is anticipated that construction will begin in April, 1996, and, per the Contract, <br />will be substantially complete by May 31, 1996. <br />OPTIONS: <br />1. Return to staff for further review. <br />2. Adopt Resolution Number 96 - 26, awarding a construction contract for the <br />Fourth Avenue Trunk Utility Improvements. <br />RECOMMENDATION: <br />Staff recommends that Resolution Number 96 - 26, awarding a construction <br />contract for the Fourth Avenue Trunk Utility Improvements to S. R. Weidema, <br />Inc., be adopted. <br />