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6.1. B. - Page 2 <br /> The bid of $105,376.50 from Interstate Grading and Paving, Inc. is 15.7% lower than the <br /> engineer's estimate of $125,000 for the cost of construction. Staff attributes the <br /> differential to the continuing competitive bidding environment. Staff believes that the low <br /> bid of $105,376.50 is reasonable and recommends awarding the contract to Interstate <br /> Grading and Paving, Inc. <br /> ALTERNATIVES <br /> Council may choose not to award the contract, which could result in the forfeiture of <br /> STP/CMAQ federal grant funding. <br /> FISCAL IMPACT <br /> Staff has secured $256,000 in grant funds for this project from the STP/CMAQ fund and <br /> will submit a budget amendment request. This project is fully grant funded and no <br /> additional city funds are required. <br /> ENVIRONMENTAL REVIEW <br /> As the lead agency, City of Redwood City has determined that the Shoreway-Skyway <br /> Bike Improvements Project meets the CEQA exemption criteria as set forth in Section <br /> 15302, ("Replacement or Reconstruction"). <br /> i�� ,/�iG�/G�� <br /> M. SABER SARWARY P.E. <br /> ACTING SUPERVISING CIVIL ENGINEER <br /> G���� <br /> BILL EKERN <br /> COMMUNITY DEVELOPMENT DIRECTOR <br /> �� <br /> ROBERT B. BELL <br /> CITY MANAGER <br /> ATTACHMENTS <br /> -Project Map <br /> -Agreement <br />