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5. Funding. The project could be funded with a combination of the FEMA funds provided and utilizing <br />remaining 2014 General Fund Balance. <br />Funding Source Balance <br />FEMA $ 59,223 <br />General Fund Balance $ 156,000 <br />TOTAL AVAILABLE $ 215,223 <br /> <br />6. Timing. The funds provided by FEMA are required to be used within 18 months of their approval. <br />The upcoming 2015 construction season is the best opportunity to use the FEMA funds within the <br />designated window. Below is the revised timeline for the project: <br />When What <br />Engineer Services Proposal to Council March 2015 <br />Design-Bid Phase March–June 2015 <br />Contract Award July 2015 <br />Construction Complete October 2015 <br /> <br />COUNCIL ACTION REQUESTED: <br />Move to approve design option 3, Partial Depth Reconstruction. <br />Entire Council Packet 05/26/15 [Page 326 of 378]