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[�' � F a <br />is not scheduled to start until March of 2004. This will allow time for the utility <br />companies to relocate their facilities out of the new State right -of -way. It will also allow <br />the Contractor to avoid having to work through the wet winter weather. <br />The Contractor is also concurrently working on the Cost Reduction Incentive Program <br />where savings from any cost reduction measures that the Contractor suggests will be <br />shared (50 -50) between the owner and the Contractor. So far, they have identified one <br />design modification and are working on it. <br />Alternative <br />Council can choose to delay or cancel this contract. However this will derail the timely <br />delivery of the project. <br />Fiscal Impact <br />Funds in the amount of $6,493,377.54 are available in the 2003 -04 Capital Improvement <br />Program (CIP) budget under the Capital Project Funds, to support this project. In <br />addition, $7.6 million is forthcoming from State Grants. <br />S. Pet VorametsaW truce Liedstrand Ed Everett <br />- - - -Se for Civil Engineer Community Development Services Director City Manager <br />SPV:ss <br />s/ library/reports/Consultant Harris & Assoc Ralston IC Amend #2 <br />