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BUDGEU/TIME IMPLICATIONS: <br /> Budget Impact: Funding for a majority of this project is allocated in the State Motor Fuel Tax Fund. <br /> Water valve box replacements will be funded out of the Water Main Replacement Fund ($29,106.00). <br /> It is proposed that a total project expenditure of$1,600,000 be authorized which includes $1,570,894 <br /> of State Motor Fuel Tax money already allocated and $29,106 from the Water Main Replacement <br /> Fund. This amount represents the low bid amount of$1,508,735.65 plus $91,264.35 for project <br /> contingencies. <br /> Staff Impact: Staff time has been allocated for this project in the Capital Improvement Plan. <br /> MINORITY PARTICIPATION GOALS ON STATE MOTOR FUEL TAX FUNDED <br /> PROJECTS: <br /> The City receives State Motor Fuel Tax funds which are used to perform contract maintenance on <br /> streets and bridges on a regular basis. The expenditure of State MFT funds is highly regulated by the <br /> Illinois Department of Transportation. The City's minority participation goals may not be applied to <br /> State MFT projects. <br /> POTENTIAL OBJECTION: There are no known objections to this resolution and bid award. <br /> INPUT FROM OTHER SOURCES: Illinois Department of Transportation <br /> STAFF REFERENCE: Matthew Newell, Public Works Director and Griffin Enyart, Assistant City <br /> Engineer. Matthew Newell will attend the City Council meeting to answer any questions of the <br /> Council on this item. <br /> This memorandum was prepared by Griffin Enyart, Assistant City Engineer. <br /> LEGAL REVIEW: The plans and specifications for the Street Restoration project were forwarded <br /> to Legal and approved on May 16, 2018. <br /> Attach: 4 <br /> —3 — <br />