Title
Resolution to Award a Construction Contract to Cadillac Asphalt LLC (ITB. 4570, $8,995,000.00) for the 2019 Street Resurfacing/Restoration Project, and to Appropriate $675,000.00 from the Major Street Fund and $1,917,500.00 from the Local Street Fund (8 Votes Required)
Memorandum
Attached for your approval is a resolution to authorize the award of a construction contract to Cadillac Asphalt LLC, in the amount of $8,995,000.00 for resurfacing various City streets. The resolution also appropriates $675,000.00 from the Major Street Fund and $1,917,500.00 from the Local Street Fund Operations and Maintenance Budget.
This year's resurfacing project includes resurfacing or restoration of over 7 miles of streets, including 6 major streets, 15 local streets, and approximately 1,400 feet of shared use asphalt path. Attached, is a list of the proposed locations.
Construction will begin in late May 2019, and conclude by early November 2019. The Contractor will provide an exact schedule for each street, as required, to coordinate with planned community events, such as Art Fair and U of M home football games, in-session school days, holiday periods, and other construction projects.
The contract is a unit-price contract because actual construction quantities may vary. This allows removal, or substitution, of any streets on the proposed list for any reason. Depletion of available funds prior to the completion of all the streets on the list will result in termination the construction contract and deferral of the balance of the streets to a future resurfacing project. The City may add additional streets if the available budget allows.
Budget/Fiscal Impact
The estimated cost for this year's project, which is part of the Annual Street Resurfacing Program in the current Capital Improvements Plan, is $10,795,000.00, and includes estimated revenue from the following sources:
Revenue Source
Amount
Street, Bridge, and Sidewalk Millage Fund
$5,947,500
Major Street Fund
$645...
Click here for full text