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Staff has requested the allocation of$150,000 in NIFT funds to purchase the LED signal faces to <br /> be used in the project. The requested funding is in excess of the grant reimbursement. The <br /> original grant was not structured to cover the full cost of each unit. <br /> If approved by Council, staff will proceed to prepare documents to solicit bids for providing <br /> materials for the project. It is staffs intention to bring bids to the City Council by October of <br /> this year and have the retrofit work completed by fall of 2005. <br /> POTENTIAL OBJECTIONS: There are no known objections to this request. <br /> INPUT FROM OTHER SOURCES: Illinois Clean Energy Community Foundation <br /> STAFF REFERENCE: Matt Newell, City Engineer, at 424-2747 <br /> The City Engineer, Matt Newell, will be in attendance at the City Council meeting to answer any <br /> questions of the Council on this item. <br /> BUDGET/TIME IMPLICATIONS: <br /> The funding of approximately $150,000 for the materials for this work is proposed to be drawn <br /> from the MFT Fund which will be reimbursed up to $105,670.00 from the grant. <br /> The retrofit work is eurrently scheduled to be completed by fa112005. <br /> attach: 4 <br /> cc: John Smith, Assistant City Manager of Public Services <br /> Doug Nooden, Assistant City Engineer ! <br /> Phil Wilhelm, Municipal Services Manager <br /> Dan Mendenall, Traffic &Parking Supervisor �i <br /> Illinois Clean Energy Community Foundation I <br /> Page 2 <br />