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<br />e <br /> <br />Honorable Mayor and City Council <br />May 26, 1994 <br />Page Two <br /> <br />turnback funding. Until construction is complete and the actual cost of each segment is <br />analyzed, it will be difficult to predict how much of the cost savings is attributable to the <br />Developer's improvements and how much to the City's funded portion. <br /> <br />Forest Lake Contracting, Inc., has previously completed similar type projects. However, <br />none of these have been in the City of Elk River. Most recently, they have completed <br />projects similar to this in northern Anoka County. We have also worked with them in the <br />past in other client communities. We would recommend award to Forest Lake Contracting, <br />Inc., in the amount of $1,673,873.71 as the lowest responsible bidder. Attached is a draft <br />resolution for the City Council's consideration that authorizes the award and the execution <br />of the contract with Forest Lake Contracting, Inc. MnDOT is still in the process of <br />reviewing and approving the State Aid fundable portions of this project. Therefore, the <br />award of the contract should be contingent upon MnDOT approval of the plan. <br /> <br />If you have any questions regarding this, please call. <br /> <br />Sincerely, <br /> <br />e <br /> <br />MSA, CONSULTING ENGINEERS <br /> <br />~~ <br />T~urer,~ <br /> <br />TJM:tw <br /> <br />e <br /> <br />230/216-2605.may <br />