Submitted By
Bill McKenna, Village Engineer
Reviewed By
CLP
Agenda Item Title
Title
A Resolution Authorizing the Execution of a Contract with GA Paving, LLC, for Project 15-15, Resurfacing of Various Streets, in an Amount Not to Exceed $778,169.00
End
Overview
Overview
Competitive bids were opened on May 28, 2015, for the Resurfacing of Various Streets Project 15-15. Four contractors picked up bid documents and three bids were received. The low responsible bid was submitted by GA Paving, LLC. in an amount of $834,900.00. GA Paving has agreed to reduce the project scope to fit within the budgeted amount of $778,169.
Body
Staff Recommendation
Approval
Fiscal Impact
The costs for project would be funded through the Capital Improvement Fund for Local Street Construction account no. 3095-43780-101-570951 which has $660,100 in remaining funds for the project as well as the Parking Fund for Off-Street Parking - Parking Lots Capital Improvements account no. 5060-43770-787-570705 which provides $100,000 in funds for this project.
This project also includes the installation of a traffic diverter on the 1200 block of Woodbine should the Village Board approve a Special Service Area to fund the installation of the diverter. The cost for the installation of the diverter is $18,069 and would be funded through general fund balance. The revenue from the Special Service Area would pay the general fund back over the period of the assessment.
A breakdown of the funds used is below.
Fund
Account
Budgeted Amount
Current Balance
Bid Amount
Recommended Amount for Contract
Capital Improvement
3095-43780-101-570951
$3,000,000
$660,100
$806,566
$660,100
Parking
5060-43770-878-570705
$100,000
$100,000
$10,265
$100,000
General Fund Balance for Traffic Diverter to be paid back from SSA
$0
$18,069
$18,069
Total:
$834,900
$778,169
Background
This is the second contract for street resurfacing and this project includes the resurfacing o...
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