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short term. The estimated project cost is $170,000.00. This portion of the project will be bid as an <br />alternate to maintain project flexibility. <br /> <br />The estimated total project cost including contingency and overhead and proposed funding <br />sources are as follows: <br /> <br /> Street <br />Reconstruction <br />Bonds <br />Pavement <br />Management <br />Fund <br />Water <br />Operating <br />Fund <br />Total <br />Project Cost <br />2021 Reconstruction $2,600,000 $2,600,000 <br />2021 Rehabilitation $840,000 $125,000 $965,000 <br />Total Estimated Cost $2,600,000 $840,000 $125,000 $3,565,000 <br /> <br />Municipal State Aid funding may be available for the 2021 Reconstruction Project and will be <br />evaluated as part of the overall project funding. <br /> <br />The estimated schedule for the project: <br /> <br />Order Improvement, Authorize Plans and Specifications October 12, 2020 <br />Approve Plans and Specifications, Authorize Ad for Bids December 14, 2020 <br />City Opens Bids January 26 , 2021 <br />City Council Awards Contract February 8 , 2021 <br />Construction Begins April-May, 2021 <br />Final Completion September, 2021 <br /> <br />RECOMMENDATION <br /> <br />Staff is recommending approval of Resolution No. 20-151, Order Project, Approve the Plans and <br />Specifications and Authorize the Ad for Bid for the 2021 Street Improvement Projects. <br /> <br />ATTACHMENTS <br /> <br />1. Resolution No. 20-151 <br />2. Construction Plans <br /> <br /> <br /> <br /> <br /> <br />