Fiscal Note
Budget Authority and funds will be transferred from the following projects to 2006 Pavement Management in 2006 Engineering Capital Budget - Major Streets
Sprecher Road Relocation - 810373 $150,000
Monona Drive - 810506 $189,054
Underground Storage Tanks - 810374 $156,892
$495,946
No additional G.0 borrowing is required.
There is no anticipated impact upon the tax levy or cost controls.
Funds are in the Account Nos. listed on the attached. (March 17 - March 31 bids PDF.pdf)
Title
Awarding Public Works Contracts for bids opened March 17, 2006, and March 31, 2006; and amending the 2006 Capital Budget for Pavement Management by $495,946.
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 3.58 of the Madison General Ordinances concerning compliance with the Affirmative Action provisions:
BE IT FURTHER RESOLVED, that the funds be encumbered to cover the cost of the projects contained herein.
BE IT FURTHER RESOLVED, that the 2006 Engineering Capital Budget - Major Streets, Pavement Management be amended by $$495,946.
BE IT FURTHER RESOLVED, that budget authority and funds be transferred from Sprecher Road Relocation - 810373, Monona Drive - 810506, Underground Storage Tanks - 810374 to Pavement Management - 810358.
See attached document (March 17 - March 31 bids PDF.pdf) for itemization of bids