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6.2. B. - Page 2 <br /> corner properties. Amendment Number Two will increase the bid item amounts by <br /> 3.19% above the prices listed in Amendment One. <br /> ALTERNATIVES <br /> 1.) Council may choose not to accept the project and or to authorize the release of <br /> retention which would be contrary to the terms of the contract, prior Council action <br /> and the public contracting code. <br /> 2.) City Council could decide to not execute Amendment Number 2 to the Agreement <br /> and direct staff to re-bid the project. In the opinion of staff, rebidding the project will <br /> not result in significant cost savings. <br /> FISCAL IMPACT <br /> Funds are available and have been encumbered in the Sidewalk Replacement Program <br /> budget to allow for the release of retention. Additional funds are available in the <br /> Sidewalk Replacement Program and the Traffic Mitigation Fees Fund — ADA Ramp <br /> Program to provide for the costs of issuing Amendment 2. <br /> ENVIRONMENTAL REVIEW <br /> Not Applicable. <br /> ✓/ /Lv-��� � <br /> MICHAEL GIBBONS <br /> STAFF ORIGINATOR <br /> �� ��� ;,��f��-- <br /> ,�� ` <br /> MARILYN HARANG <br /> ACTING PUBLIC WORKS DIRECTOR <br /> �" <br /> ROBERT B. BELL <br /> CITY MANAGER <br /> ATTACHMENT <br /> Amendment Number 2 Cost Shared Sidewalk Repair Project 2011-2012 <br />