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Budget <br /> <br />The current estimate for the City's and Zone 7's obligations is <br />$480,000.00 including 15% contingency. With Zone 7 committing <br />$360,000.00 for this project (see staff report 4j) the City's <br />obligation would be approximately $120,000.00. The City's <br />portion can be covered by Senior Housing funds since the work <br />being performed benefits their site. Funds will be available <br />upon sale of bonds in March or April, 1987. The agreement <br />provides for the City to not make a final payment until after the <br />bond funds are available even if construction is completed <br />sooner. <br /> <br />Recommendation <br /> <br />Staff recommends your City Council approve the agreement, in a <br />final form approved by the City Attorney, with Braddock and Logan <br />Associates and to authorize the expenditure of $120,000.00 of <br />Housing Authority funds for this project. <br /> <br />Respectfully submitted, <br />~t Ja/mes~R. Walker <br />Director of Public Works City Manager <br /> and Utilities <br /> <br />Attachment <br /> <br />JC/tf(tcc86380) <br /> <br />SR86:380 <br /> <br /> <br />