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M <br />MEMORANDUM <br />DATE: May 1, 2008 <br />TO: Mayor and Councilmembers <br />FROM: Mike Mornson, City Manager <br />Roger Larson, Finance Director <br />ITEM: 2007 STREET RECONSTRUCTION PROJECT <br />At the April 29th work session, the City Engineer reviewed and updated the City Council <br />on the 2007 Street Improvement Project. <br />Todd Hubmer from WSB outlined the changes in the project and requested the City <br />appropriate an additional $180,000.00 to the original project budget of $4,450,000.00. <br />The new appropriation/budget would total $4,630,000.00 which remains under the <br />original feasibility estimate of $4,752,000.00 <br />The Finance Director has reviewed the funding options and identified two projects that <br />were completed under budget which can be reallocated to the 2007 Street Improvement <br />Proj ect. <br />Recommendation: <br />The City Council approve resolution #08-032 amending the 2007 Street Reconstruction <br />Project to $4,630,000.00 and authorizing the transfer of funds from the 2005 Street <br />Improvement Project and the 2007 Water Treatment Plant Filter Project totaling <br />$188,652.24. <br />