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Mr. Justin Femrite, P.E. <br />December 28, 2018 <br />Page 4 <br /> <br /> <br />The unit prices for the items of work have been estimated based on similar types of recent construction <br />projects. The costs shown in the table above are estimates that include construction, contingencies, and <br />engineering costs. Testing, permitting, and City staff time are not included in the above costs. <br />Since the consultant has no control over the cost of labor, materials, competitive bidding, weather <br />conditions or other factors affecting the cost of construction, all cost estimates are opinions for general <br />information and no warranty or guarantee as to the accuracy of construction cost is made. Financing for <br />the project should be based on actual bid prices with reasonable contingencies. <br />FEASIBILITY AND RECOMMENDATION <br />Based on the findings presented in this letter, the proposed improvements are cost effective, necessary, <br />and feasible from an engineering perspective. Bolton & Menk, Inc. recommends that, if these <br />improvements are determined to be financially feasible, the City proceed to the preparation of final plans <br />and specifications and advertise for bids. <br /> <br />If there are any questions, please contact me at the number listed below. <br /> <br />Sincerely, <br />BOLTON & MENK, INC. <br /> <br /> <br />Jason W. Cook, P.E. <br />Project Manager <br />(763) 200-2444 <br /> <br />Attachments: - Project Location Map <br />- Opinion of Probable Cost