Minutes 02/24/1987 - Laserfiche WebLink

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February 24, 1987 The two Outfali) He is hopeful that Spots Program. projects, the City ~roved in the CIP you recall, the ~roblem in Gosport City Engineer indicates that he is prepared to move forwar of the three projects. The third project 'Swanson Homes has been held up due ~o design and ownership complications this project can be incorporated with the 1987 Because of the type of work involved with these Engineer bid the work with another project ap- (Gosport Homes Outfall, i985-86 CIP, project 1074 U. S. Navy has agreed to correct the drainage Homes if the City upgrades the existing outfall Bids were received on February received were as follows: 5, 1987 at 11:00 a.m. The bids CONTRACTOR Warbler Construction Company Floyd B. Smith Contracting A. Stuart Bolling Company, Inc. Vico Construction Corporation W. R. Hall, Inc. Suburban Grading g Utilities L. F. Brickhouse (D.J.W) BID AMOUNT % $114,868.30 70% S125,017.00 98% $125,559.00 98% $125,789.86 98% $138,878.00 108% ~150,645.00 118% $192,808.50 151% City Estimate The anticipated ects is as follows: $128,000.00 cost for the Hot Spots and Gosport 100% Homes pro- Construction Contract (Warbler Construction) Relocation of Waterlines Contingencies (15%) Contract Administration Inspection $114,868.00 5,000.00 18,000.00 19,131.00 Total Cost $157,000.00 The City Engineer has investigated Warbler Construction with regard to financial status and the ability to ~erform the work and recommends award of the contract. Suffimient. funds exist in the CIP to fund these projects; therefore, I recommend approprmation oJ the necessary funds and award of the contract to Warbler Construc- tion.'' On motion of Mr. Simpson and seconded by Mr. Gray, the follow- ing ordinance was approved on first reading; award of contract to Warbler Construction, bein2-r~-sp~nsive ~ow b~dde , and was ad0pted unanimous vote: "~tN ORDINANCE TO APPROPRIATE $157,000 FROM THE CAPITAL IMPROVEMENT FUND FOR DRAINAGE IMPROVEMENTS ON THELMAR ~'LANE, HODGES FERRY ROAD, gND ALABAMA AVENUE." 87-67 Letter from the City Manager recommending adoption of an ordinance to appropriate 225,000 from the Capital Improvement Fund, $25,000 from the Public Utilities Cagital Improvement Fund, and $25,000 from the Port Facilities and E~onomic Development Fund for the purpose of paying the costs of bond issue expenses, and to authorize the City Manager to enter into a contract with the finan- cial advisor. "During the pas~ several weeks I have been participating with .he Municipal Finance Commission in the selection of a financial ~msor and underwriters to bring to market a package of refunding advance funding and origlnal issuance bonds. I have received a of the Municipal Finance Commmssion's recommendations submitted to the City Council by the Commission's Chairman, Mr. James E. Bridge- ford, and I agree with these recommendations.