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• Bayfair Mall improvements will generate approximately $600,000 in additional <br />funding for this project. However, the amount and timing of these funds depends on <br />the amount of work completed at the Bayfair Mall <br />• A "loan" of $600,000 in redevelopment funds may be used, as necessary, to cover the <br />cost of project construction until such time as Bayfair Mall funds become available <br />Budget Authority <br />• Approved as part of Fiscal Year 2002-03 CIP budget on March 17, 2003 by <br />Resolution No. 2003-081, Account No. 144-39-007 <br />• City Manager authorized to sign Project Specific Funding Agreements with project <br />sponsor (ACTIA) <br />Attachments <br />None <br />CONCLUSION <br />Staff recommends rejecting all bids from the June 24, 2008 bid opening for the ACTIA <br />11: I-8801Washington Avenue Interchange Improvements project. <br />K:AAA-G\COiJNCIL~2008\9 SEP 21B1D REJECTION ACT[A ll MEM.doc <br />