06/27/1977 Meeting - Laserfiche WebLink

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e through many budget hearings and many changes, had come out only $79 less. He said one pertinent point for Council was to note the tax estimate and revenue estimate were approximately the same as originally presented. Loren Stubbert, Finance Department, said the Budget Committee hearing June 21 had reviewed Room Tax Subcommittee proposals. One hundred thousand ~ollars ($100,000) had been committed to a convention center, $10,000 would be used for Historic Review Board, $50 000 for cultural activities, and $50,000 for convention-promotion. Eight thousand dollars from revenue sharing reserves was marked for a Mall manager. Public hearing was held with no testimony presented. E. Public Works -- Valley River Bicycle Pedestrian Bridge (tabulation attached) Don Allen told Council the project was beIng hanJTedby.the Oregon State Department of Transportation, and the City has to expend 20% of the project costs in cash. Staff was requesting action by Council for authorization to participate in the project. He said the initial cost e estimate had been $326,000, of which the City's 20% portion would have been $72,000. However, when bids were received by the State, the low bid was $277.496, with an estimated total for the entire project to be $336,138. The City's 20% portion would then be $62,100, of which the City had prepaid $4,000. Mr. Allen explained the second lowest bid may have to be accepted by the State, as the low bidder had not been made aware of some conditions of the hidding, conditions regarding construction of the bridge in the river bed. Therefore, the City's amount might be about $64,900. Public hearing was held with no testimony presented. Mr. I-laws moved , seconded by Mr. /lame I , to authorize City staff to enter into agreement with the State Highway Department of Transportation for construction of the Valley River Bicycle Pedestrian Bridge in an amount not to exceed $64,900. Motion carried unanimously. . 5/5 r-./77/77 ~ 7