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This is not the type of news I like to give you, but as City Manager, it is my job to give you the <br />news as I know it. I know that rate increases are painful, but we must stay the course to complete <br />this critical project. <br />BUDGET: <br />Please see the "Status of Issue" section above. <br />OPTIONS: <br />1. This agenda item is information only and is meant to prepare you for what we expect to be <br />higher than planned bids with a possible need to seek an additional bond for phase I, thus <br />additional rate increases to support this bond. <br />RECOMMENDATION: <br />1. This agenda item is information only and is meant to prepare you for what we expect to be <br />higher than planned bids with a possible need to seek an additional bond for phase I, thus <br />additional rate increases to support this bond. <br />