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<br />6.2A <br />ALTERNATIVES Page 2 <br />Council may choose not to accept the project or authorize the release of bonds and <br />retention which would be contrary to the terms of the contract and the public contracting <br />code. <br /> <br />FISCAL IMPACT <br />Funds have been appropriated from the Water Revenue Bond proceeds. The city has <br />issued a series of Water Revenue Bonds totaling $72 million to finance Phase 1 of the <br />Recycled Water Project. Available project funds, less unattributed interest, total <br />$5,454,714.00 as of January 31,2010. <br /> <br />?/ pe~ <br /> <br />Senior Civil Engineer <br /> <br />~ <br /> <br />Chu Chang, PE <br />Building, Infrastructure and <br />Transportation Director <br /> <br />~4~~ <br />Brian Lee, PE, CFM <br />Supervising Civil Engineer <br /> <br />Peter C. Ingram~ <br />City Manager <br /> <br />/ <br /> <br />ATTACHMENTS <br />None <br /> <br />RELATED DOCUMENTS IN CITY CLERK'S OFFICE <br />None <br />