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City Council Minutes July 9, 2018 Page6of10 ----------------------------- 9.2. Trailside Park Master Plan Proiect A. Phase I Cost Estimates & Financing Tim Houle explained the preliminary engineer's cost estimate spreadsheet for sanitary sewer, park related and roadway costs for East Sibley Street, North Front Street, Govemment Drive and Main Street with a total estimated cost of$1,054,550. Luke Sydow of SAS+Associates explained the cost estimates on the Phase I Master Plan Quantities & Budget Projection spreadsheet for the Trailside Park project including the earthwork and removals, pavements, structures, landscaping, amenities and site work with a total estimated cost of$2,598,060. (Council Member Akerson amved at 7:22 p.m.) Jason Murray of David Drown Associates presented his recommendation letter and general obligation bond spreadsheets to illustrate the sale structure for the general obiigation bond with the Trailside Park and Street and Utility Improvements projects. Mr. Murray indicated the recommended size of bond is $3,500,000 and suggested utilizing tax abatement authority which would pledge property taxes towards payment of the bond. Mr. Murray stated the preliminary impact of the bond would be approximately a 13% tax levy increase. Upon hearing the timeline for bidding packages, Mr. Murray suggested the City consider utilizing tum back funds for the Street and Utility Improvements Project and then utilize the tax abatement bond to coincide with the Trailside Park Improvement Project. B. Communication Toolbox Tim Houle explained various forms of communication tools for public outreach on projects. Mr. Houle questioned if the Council would like to pursue and invest in some level of communication, what form of communication would they like to use, and what is the budget for this communication. Mayor Adams indicated the City has a Communication Manager that could be utilized. Mr. Houle stated that they have, in the past, required construction contractors to put together an information sheet on what has been completed and what work will be done in the coming week.