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July 13, 2009 Item No. 7E Page 2 Estimated Project Cost The total estimated project cost for the Area C improvements as stated in the Report is $3,209,900. Based on the financial analysis performed in the Report, it appears that the project cost is financially feasible. The City Finance Director may wish to review the financial components of the project to verify the findings of the Report. Report Approval The Report is presented for consideration of approval by the City Council. Approval of the Report does not commit the City to proceeding with a combined project of Area B and Area C in 2010. Approval of the Report simply acknowledges that the Report is complete and its findings are appropriate for Area C. The City Council will consider the question of whether or not to proceed with a combined project of Area B and Area C under a separate item later in the Agenda of the July 13th Council meeting. If Council wishes to proceed with a combined project, then approval of the Report for Area C is necessary at this time to allow the project to proceed to the next step of plans and specifications. If the Council chooses not to proceed with a combined project, and Area C reverts back to its original schedule of construction in 2011, then the approved Report for Area C would simply be put on the shelf until spring 2010, when it would be time to consider moving forward with the project for 2011. Recommendation: Resolution 7477 has been prepared to approve the Preliminary Feasibility Report for Area C. The resolution does not contain any additional action step for the development of the Area C project. A copy of the resolution is included with this Staff Report. It is recommended the City Council adopt Resolution 7477 to approve the Preliminary Feasibility Report for Area C of the Street and Utility Improvement Program. Respectfully Submitted, Joseph R. Rhein, Consulting Engineer Attachments: x Resolution 7477 x Feasibility Report for Area C