Fiscal Note
The 2017 adopted capital budget includes $697,000 for Traffic Signal Installation (Munis #10427) funded by GO Borrowing ($391,763), Developer Funding ($100,000), Special Assessments ($95,237), County Sources (30,000), State Sources ($50,000), and Other Governments ($30,000). The proposed resolution awards Public Works Contract No. 8016, Mineral Point Road - Yellowstone Drive Traffic Signal Assessment District, for $106,680 funded. Funding is available in the project.
Title
Awarding Public Works Contract No. 8016, Mineral Point Road - Yellowstone Drive Traffic Signal Assessment District.
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. 8016) for itemization of bids.