Laserfiche WebLink
City of Grand Junction Agenda Item 13a <br /> March 16-17, 2016 Board Meeting (Updated March 18,2016) <br /> Page 4 of 8 <br /> The City paid $126,470 to date in engineering and anticipates rolling those costs into the CWCB loan. <br /> Because the grant cannot fund those costs (as they predate the execution of a grant contract), CWCB <br /> funds will be disbursed as follows: <br /> • $126,500 in loan funds will be disbursed for engineering, leaving an anticipated Project balance <br /> of $1,027,300. <br /> • As invoices are submitted for construction and construction management, 85% of each invoice <br /> will be paid by the CWCB loan, 9%will be paid by the WSRA grant, and 6%will come from the <br /> City's cash match. <br /> Permitting: Plans are currently under review by the SE0 with approval anticipated in spring of 2016. <br /> The Project is located within City owned property. It is located on upland areas with no disruption to <br /> wetlands or waters of the United States; therefore, there is not a need for a US Army Corps permit. <br /> Schedule: The City will solicit bids for construction in the spring of 2016. Construction is expected to <br /> begin in May 2016 with completion in the fall of 2016. <br />