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May 26, 1987 <br /> <br />CONTRACTOR <br /> <br />BID PRICE <br /> <br />(1) Aldo Construction Corporation i~-$319 <br />C2) Vico Construction Corporation ; 319 <br />(3) Rogers Corporation 320 <br />(4) Myatt Construction Compan)~ 339 <br />(5) Suburban Grading ~ Utilities 356 <br />(6) The Blair Brothers 364 <br />(7) Rea Construction Company 414 <br />(8) Asphalt Roads & Materials 416 <br /> <br />727.00 95% <br />846.25 95% <br />270.00 96% <br />175.00 101% <br />a24.75 106% <br />360.00 109% <br />764.20 124g <br />689.90 124~ <br /> <br />City Estimate <br /> <br />$335,000.00 100% <br /> <br />The total anticipated project cost is as follows: <br /> <br />Contract Price (Aldo Construction Corporation) <br />Public Utilities <br /> ntract Administration & Inspection <br /> gencies <br /> <br />)TAL ANTICIPATED PROJECT COST <br /> <br />$319,727.00 <br /> 20,000.00 <br /> 25,000.00 <br /> 40,000.00 <br /> <br />$405,000.00 <br /> <br /> The low bidder, Aldo Construction Corporation, has successfull) <br /> Leted previous projects for the City; therefore, the City Engi- <br />leer recommends that the project be awarded to the low bidder. <br /> <br />I, therefore, concur with the ~ity Engineer and recommend that <br />]ity Council appropriate $405,000.0~and that~construction contract <br /> awarded to the low bidder, Aldo ~gnstruction Corporation." <br /> <br /> On motion of Mr. Gray and secoh~ed by Mr. Barnes, the followin <br />~rdinance ~as approved on first reading; award of contract for <br /> 'uction to Aldo Construction Corporation, being low bidder, and <br /> adopted by unanimous vote: <br /> <br /> "AN ORDINANCE TO APPRD~I~TE $405~.000 FROM T~ CAPITAL <br /> IMPROVEMENT FUND FOR THE MIMOSA ROAD STREET IMPROVEMENT <br /> PROJECT." <br /> <br /> 87-238 Letter from the City Manager recommending adoption of <br /> ;olution adopting a reallocation of $690,336 in orior au <br /> ects funded through the General Revenue Sharing Program and the <br />~ital Improvement Program and allocating $250,000 in interest <br /> General Revenue Sharing Trust Fund for PortCentre~ <br /> <br /> "As you are aware the U. S. Congress has terminated the General <br />~enue Sharing Program to states and local{ties. Along with the <br />zermlnation of this very important program,~ the Treasury Department <br /> issued regulations that require the exneditious utilization of <br />zhe remaining funds. <br /> <br /> In order to use the available funding, I am recommending that <br /> 6R0,336 of previously allocated projects funded through the General <br /> 'enue Sharin~ program ~e reprogrammed. The allocstion is recom- <br /> fended to be used to defray the cos~ as~s,oc~t~e~d w~th Phase II of <br /> ortCentre ($560,715)~and for the St~eetscape program at Bart and <br />;outh Streets ~$12~621). In additiD~]~, I am recommending that <br />$250,000 in interest earned from the Revenue Sharing Trust Fund be <br />~llocated towards t~e Phase II PortCentre project. The attached <br />~nclosure outlines the specific Frojects to be modified. <br /> <br /> With the termination of the Revenue Sharing Program coupled <br /> th modi£ications to the tax laws pertaining to the use of General <br /> ation Bond proceeds, the federal government has dealt localiti~ <br /> severe financial blow. Future projects in attracting and <br /> ~strial, commercial and residential developers will become more <br /> cult as will finding the resources to fund projects no~ having <br /> twenty year life expectancy. This impact will be reflected in <br /> ~87-~2 Capital Improvement Proyram that I will be recommending <br /> <br /> <br />