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, <br /> . <br /> j BUDGET/TIME IMPLICATIONS: <br /> The resolution authorizes additional funding in the amount of$119,763 in addition to the <br /> $752,947 previously authorized by Council for a total authorized expenditure of$872,710 to <br />' complete streetscape improvements on West Main Street and Fairview Avenue azound Millikin <br /> University. The expenditure of$872,710 in City funds will match$1,327,053 in Federal funds <br /> for a total project cost of$2,199,763. <br /> City matching funds will come from a short term line of credit that will be reimbursed with Olde <br /> Towne TIF funds. <br /> Bids were opened by IDOT on Apri125. The project is scheduled to be completed during the <br /> 2008 construction season. <br /> Attach: 1 <br /> cc: John Smith, Assistant City Manager for Public Services <br /> Dick Borders, Municipal Services Manager <br /> Matt Newell, City Engineer <br /> Aaron Lawson, Assistant City Engineer <br /> Travis Stanley, Civil Engineer I <br /> Page � 2 <br />