Title
Resolution to Award a Construction Contract to Bailey Excavating, Inc. for the Springwater Subdivision Improvements Project - Phase I ($1,537,608.00; Bid No. ITB-4323)
Memorandum
Attached for your review and approval please find a resolution that awards a construction contract to Bailey Excavating, Inc. in the amount of $1,537,806.00 for the Springwater Subdivision Improvements Project - Phase I.
The FY 2014-2019 Capital Improvements Plan (CIP) includes the Springwater Subdivision Improvements Project - Phase I, and Funds are available in the approved capital budgets as follows: Street Millage ($883,316.00), Stormwater ($903,065.00), and Drinking Water ($489,574.00); for a total project cost of $2,275,955.
This project consists of the reconstruction of Butternut Street from Cardinal Avenue to Springbrook Avenue and Nordman Avenue from Packard Road to Redwood Avenue. The project includes replacing the existing water main and performing stormwater system improvements, including construction of sand filters within the Butternut Street and Nordman Avenue right-of-way. The project is expected to begin in August of 2014 and be completed in the fall of 2014.
The stormwater portion of this project is being financed with State Revolving Funds (SRF) and has been approved for a low interest (2.5%) loan, which will be secured by the Washtenaw County Water Resources Commissioner. The reason for financing a portion of the storm water improvements with SRF is the potential eligibility for 50% loan forgiveness. This loan will reimburse a portion of the Storm Water System Funds being allocated to the project. The Water Resources Commissioner will be assessing the City over a maximum of 20 years for this project for repayment of the loan. The first payment is planned for the Storm Water Fund Operations and Maintenance Budget for FY16. Payments for FY16 and subsequent payments will be included in the annual storm water budget submittals. Resolution R-12-578 a...
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