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On December 12, 2006 funding for this project was established via Resolution <br />6700. The financing for this project is as follows: all tax increment eligible <br />expenses will be financed utilizing the City's Tax Increment Fund (TIF). All <br />remaining expenses are to be financed using an even split (50/50) between the <br />Park Dedication Account and the Special Project Fund. <br />Recommendation: <br />It is recommended the Council adopt a resolution to award a contract to Jay <br />Bros., Incorporated in the amount of $244,647.75 for Bid Alternate B (parking lot <br />access from Ridge Lane) for the Random Park Building Replacement Project. <br />Respectfully Submitted, <br />Greg Lee, Director of Public Works <br />