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Stantec has provided a Cost Proposal of $11,400.00 for the next steps as outlined at <br />the March 6, 2024 Work Session: <br />1) Meet with the various agencies to clarify and respond to the comments. <br />2) Installing shallow monitoring wells to better determine the hydrology of the <br />current wetland and adjacent properties. <br />3) Updating the Draft Prospectus narrative to include how the agency comments <br />were addressed. <br />Strategic Plan Strategy/Goal: Maintain and Plan for Infrastructure Improvements to <br />ensure that proper storm water maintenance continues for the future requirements for <br />Mounds View and its property owners. <br />Financial Impact: No financial impact to the 2024 Budget, funded by account 745- <br />4415-7050 with a budgeted amount of $250,000.00 for Storm Water Projects. <br />Recommendation: <br />Staff recommends the City Council approve the attached resolution authorizing Stantec <br />to perform the various tasks as outlined in the proposal; to include 1) Meeting with the <br />various agencies to clarify and respond to comments, 2) Install shallow monitoring wells <br />to better understand the hydrology of the current wetland, 3) Update the Draft <br />Prospectus narrative, at a cost of $11,400.00 to be funded from account 745-4415-7050 <br />with a 2024 budget of $250,000.00 for Storm Water Projects. <br />Respectfully submitted <br />Don Peterson <br />Director of Public Works / Parks and Recreation <br />