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6.1 E <br /> Page 2 <br /> The four (4) bids received at the bic! opening on August 15, 20�7 are summarized <br /> below. <br /> Bidder Bid Amount <br /> /�merican As ha{t Re air and i�esurfacing Co., inc. $885,812,65 <br /> Walie Slu Seal Com an $928,428.47 <br /> lntermountain Siur Seal, Inc. $1,019,853.46 <br /> Graham CQntractors, Inc. �1,057,553.66 <br /> En ineer's Estimate $700,000.00 <br /> Recommended Bicider: None <br /> Substantiatian: Staff considers the bid pric�s to be high, and budget is lacking. <br /> The fow base bid of $885,912.65 is significantly higher than th� Engineer's Estimat� of <br /> �7oa,000.00. <br /> ALTERNt�lTIVES <br /> Council may choose to award the �contract ta the lowest responsible bidder American <br /> Asphalt Repair and Resurfacing Co., Inc. for their low bid of$885,912.65. <br /> FISCAL IMPACT <br /> Funds for the proposed roadway resurfacing work in the amaunt of $750,Q00.00 are <br /> available from the Water Band Projects Fund, Recycfed Water System Development <br /> which has an available balance of $18,053,802.00 as of June 30, 2007. Funds for the <br /> work related to the proposed bicycle lanes are available firom the Traffic Impact Fees, <br /> Bicycle/Pedestrian Enhancem�nt �rogram which currently has a i�aiance of$�qQGu.GG. <br /> Additional funds to cover the balance nf the costs associated with the bike <br /> lanes/shaulders w'rll be transferred to the Bicycle/Pedestrian Enhancement Program by <br /> a mid-year budget adjustmerrt. This funcling will remain available until next year. <br /> � <br /> Pe�er Delgado Chu Chang, P,E., Manager <br /> Associate Engineer Engineerin & Cnnstruction <br /> , /' � � . <br /> �' <br /> Peter ingram, Director Ea Evereii <br /> Community Devefopment irector City Manager <br /> ATTACH M ENTS <br /> Nane <br /> RELATED DOCUMENTS IfU CITY GLERK'S QFFICE <br /> Cantract{Bid) Documents <br />