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Mr. Nick DeBar File No. 435-09139-0 <br />City of Mounds View February 23, 2011 <br />2011 SUIP – Area D Page 2 <br />2011 Street and Utility Improvement Project – Area D <br />Summary of Estimated Construction Cost <br />Item Amount <br />Draft Plans – February 23, 2011 <br />Non-State Aid Improvements - subtotal $ 1,514,400 <br />State Aid Improvements - subtotal $ 573,900 <br />Total Estimated Construction Cost $ 2,088,300 <br />City Financial Analysis – April 23, 2010 <br />Total Estimated Construction Cost $ 1,932,900 <br />Difference $ 155,400 <br /> 8.0% <br />As seen in the table, the current estimated construction costs are approximately $155,400 <br />greater than the estimated construction cost used in the City Financial Analysis for the Pavement <br />Management Program. This is an increase of approximately 8.0%. The primary reason for the <br />increase in the estimated construction cost is the inclusion of improvements in the current <br />construction plans that are beyond the standard scope of work for a street and utility <br />improvement project in Mounds View. These improvements include: <br />x Sidewalk and associated work along County Road H2. <br />x Reconfiguration of Pinewood Court. <br />x Jackson Drive width beyond City standard. <br />x Parking area along Jackson Drive north of Groberg Street. <br />x Parking area along Lambert Avenue. <br />x Storm water improvements within Lambert Park. <br />In addition to the improvements, a secondary reason for the increase in the current estimated <br />construction cost is the price of oil. Due to recent increases in the price of oil, we have increased <br />the estimated unit prices for the bituminous mixture items in the project to address the potential <br />of receiving higher costs for those items in the bids. <br />When the factors of the additional improvements and the increased price of oil are taken into <br />consideration, the total current estimated construction cost based on the draft construction plans <br />is reasonable compared to the amount used in the City Financial analysis. <br />Following is a status update on other pertinent factors concerning the project: