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2020 Seal Coating Staff Report Cont'd <br />Strategic Plan Strategy/Goal: Maintain and Plan for Infrastructure Improvements. <br />Financial Impact: A budget adjustment of $21,385.11 will need to be made to the 2020 <br />Budget, Street Improvement Fund account 485-4470-7050. The current budget has $98,500.00 <br />budgeted for these improvements. <br />Recommendation: <br />Public Works recommends that the City Council approve the attached resolution and concur <br />with the award of the seal coating contract Per the JPA, with Mounds View Construction costs <br />of $107,328.93. Additionally, Staff further recommends a 10% contingency of $10,732.89 for <br />quantity over -runs or additional work resulting from unknowns discovered during the project. <br />Additionally, Council should authorize the Administrative Cost of $1,823.29 for a total project <br />not to exceed $119,885.11 for the seal coating project. <br />Respectfully submitted, <br />Don Peterson, Public Works Director <br />