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City of Mounds View Staff Report <br />August 29, 2018 <br />Page 4 <br /> <br />• If debt issuance is one of the financing alternatives to be considered basic debt schedules and tax impact <br />analysis will be presented. <br /> <br /> <br />Expectations <br />In order to successfully conduct this study, the City will need to designate someone on its staff to assist Springsted in <br />identifying the cost estimates on the administrative and capital action items to be included in the study. <br /> <br /> <br />Outcomes <br />1. Springsted will prepare a draft plan identifying cost estimates and recommended funding alternatives. <br />2. Springsted will assist the City in the prioritization of action items to be included in the final plan. <br />3. Springsted will prepare and present to the City a final report which will be a Highway 10 Improvement Plan <br />including action items to be completed, estimated costs, funding source and implementation schedule. <br /> <br /> <br />Compensation and Timeline <br />Springsted anticipates the estimated time to complete the work from the time we receive the cost estimate <br />information will be 6 to 8 weeks. We propose to bill on an hourly basis; however our fee for services, exclusive of <br />any out-of-pocket expenses such as travel and copying, will not exceed $9,075 without written authorization by the <br />City. Our standard hourly fee schedule and estimated time schedule are shown below: <br /> <br />Estimated Time and Cost <br />Highway 10 Action Plan <br />Title Rate <br />Time <br />(Hrs.) Cost <br />Review Principal $150 2 $ 300 <br />Client Representative 150 10 1,500 <br />Project Manager 125 55 6,875 <br />Support Staff 40 10 9,075 <br />Total 77 $9,075 <br /> kli.Development of Highway 10 Action Plan.doc <br /> <br /> <br />