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Work Item Project Estimate <br /> Design Engineering $390,471 <br /> Construction $7,449,783.75 <br /> Construction Contingency $223,493.52 <br /> Construction Engineering $550,000 <br /> Total Estimated Project Cost $8,613,748.27 <br /> Maximum Loan Request $11,700,000 <br /> As noted above, upon Council authorization of the contracts,the City will issue a Notice of <br /> Intent to Award to the Contractors. The IEPA will review and approve the contracts and <br /> authorize a loan to cover the project. Upon formal approval of the loan by the IEPA, the City <br /> will issue a Notice to Proceed to the Contractors. <br /> SCHEDULE: <br /> Bids Opened by the City June 21, 2013 <br /> City Council Receives and Approves Bids July 1, 2013 <br /> Notice of Intent to Award Issued to Contractors July 3, 2013 <br /> The Loan is Authorized by the IEPA July-August, 2013 <br /> Notice of Award Issued to Contractors July, 2013 <br /> IEPA Approves Bids and Authorizes Final Award August, 2013 <br /> Notice to Proceed is Issued to the Contractor August-September, 2013 <br /> Project Completion Summer 2014 <br /> BUDGET/TIME IMPLICATIONS: <br /> Budget Impact: Funding for this project is budgeted in the Sewer Fund and will be reimbursed <br /> by the Water Pollution Control Loan Program: <br /> 1. Division A: The recommended low bid amount is $4,177,792. The total project <br /> expenditure authorization includes up to 3%, or$125,333.76, for atotal authorized <br /> expenditure of$4,303,125.76. <br /> 2. Division B: The recommended low bid amount is $1,348,734.25. The total project <br /> expenditure authorization includes up to 3%, or$40,462.03, for a total authorized <br /> expenditure of$1,389,196.28. <br /> 3. The recommended low bid amount is $1,923,257.50. The total project expenditure <br /> authorization includes up to 3%, or$57,697.73, for a total authorized expenditure of <br /> $1,980,955.22. <br /> Page 5 <br />