AgdaPkt 2005-05-09 - Laserfiche WebLink

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�ip- � REPOI � T To the Honorable Mayor and City Council And the Red�velopment /�gency Board from The City Manager and Executive Director May 9, 2005 Subject Award of Contract — Veterans Boulevard/Middlefieid Road Traffic Signal Project Recommendation Approve the Contract Documents and authorize the award of contract for the Veterans Boulevard/Middlefield Road Traffic Signal Project to the lowest responsible bidder, St. Francis Electric Company, of San Leandro, Califomia, for the amount of $166,845.00. Background The installation of a new tra�c signal system at the intersection of Veterans Boulevard and Middlefield Road (future Theatre Way) was identified as a Traffic Impact Mitigation Fee Project, and has been adopted under the Capital Improvement Program. Traffic impact fee revenue was allocated for this project, and will partially fund this improvement. This traffic signal project was also identified as a required traffic mitigation measure in the Environmental Impact Report for the On Broadway Retail/Cinema Developm�nt. The project is part of the Downtown Funding Plan that was previously approved by the Redevelopment Agency Board. Redevelopment Capital Improvement Program Funds from the Agency's Bond proceeds have been allocated to complete the funding of this project. The completion of the new signal is expected before the opening of the On Broadway Development. On Wednesday, April 27, 2005, four (4) bids were received. The results are summarized below: � No �idder sr Bid Amount 1. St. Francis Electric Com an — San Leandro, CA $166,845.00 2. Mike Brown Electric Co. — Cotati, CA $168,190.00 3. Brown & Fesler, Inc. -- Livermore, CA $176,281.00 I 4. � Tennyson Electric, Inc — Liverrr��e, C� $184,389.00 The average bid of $173,926 is 8% below the Engineer's Estimate of $190,000. The low bid of $166,845.00 is considered a go�d and responsive bid.