It will cost $2.1 million to complete the 15th Street Northeast-Northwest preservation project.

And here’s what Auburn residents get for those bucks.

Grinding and overlaying of 15th Street NW/NE from State Route 167 to Auburn Way North and grinding and overlaying of Harvey Road Northeast from Auburn Way North to 8th Street Northeast, all to restore 7.57 lane miles of pavement, upgrade the pedestrian signal system and approximately 30 curb ramps to meet ADA standards and to relocate traffic signal poles that are prone to damage where they are.

On Monday, the City Council awarded the contract to CPM Development Corporation (ICON Materials) on its low bid.

City officials expect work to start this month and wrap this October.

“It will come off State Route 167 and go into Harvey Road, so it will be a fine addition to the city,” said Councilman Bill Peloza.

Despite the low bid coming in at 20 percent above the engineer’s estimate, all four bids received were within close range of each other. Staff evaluation indicated that the electrical and traffic control work was bid higher than anticipated, probably because of the Underutilized Disadvantaged Business Enterprise (UDBE) goal of 19 percent, which the Federal Grant administrator had to assign to the project so the city could use the federal grant funds.

A project budget contingency of $21,435 remains in the sewer fund.

The estimated total project costs for street and signal improvements within the arterial preservation, capital signal improvement, engineering repairs and maintenance funds are equal to the amounts budgeted for the project.