Fiscal Note
In the adopted 2017 capital budget the Monona Terrace has budgeted $300,000 for bike path resurfacing (MUNIS 17417). The proposed resolution awards the contract for the project at a cost of $246,360. Funding is provided by GO Borrowing.
MUNIS:
17417-80-172
Title
Awarding Public Works Contract No. 7945, Polymer Overlay of the Monona Terrace Bike Path.
Body
BE IT RESOLVED, that the following low bids for miscellaneous improvements be accepted and that the Mayor and City Clerk be and are hereby authorized and directed to enter into a contract with the low bidders contained herein, subject to the Contractor's compliance with Section 39.02 of the Madison General Ordinances concerning compliance with the Affirmative Action provisions and subject to the Contractor's compliance with Section 33.07 of the Madison General Ordinances regarding Best Value Contracting:
BE IT FURTHER RESOLVED, that the funds be encumbered to cover the cost of the projects contained herein.
See attached document (Contract No. 7945) for itemization of bids.