| | | | | | | |  | CITY OF PLANO
COUNCIL AGENDA ITEM |
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| | | | | | | | Council Meeting Date: 7/24/2017
Department: Parks
Department Head: Robin Reeves
Agenda Coordinator: Susan Berger |
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CAPTION
Bid No. 2017-0438-B for Carpenter Park - Coit Road Traffic Signal, Project No. 6638, to Rebcon, Inc. in the amount of $381,620; and authorizing the City Manager to execute all necessary documents. Approved |
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FINANCIAL SUMMARY CIP
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| FISCAL YEAR: 2016-17 |
Prior Year
(CIP Only) |
Current
Year
|
Future
Years
|
TOTALS |
| Budget |
241,136 |
3,368,505 |
3,820,000 |
7,429,641 |
| Encumbered/Expended Amount |
-241,136 |
-513,168 |
0 |
-754,304 |
| This Item |
0 |
-381,620 |
0 |
-381,620 |
| Balance |
0 |
2,473,717 |
3,820,000 |
6,293,717 |
FUND(S): Park Improvement CIP
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|
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COMMENTS: Funding for this item is available in the 2016-17 Park Improvement CIP. Installation of a traffic signal at Carpenter Park and Coit Road, in the amount of $381,620, will leave a current year balance of $2,473,717 available for other Recreational Trail projects in the future. |
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SUMMARY OF ITEM
Staff recommends the bid received from Rebcon, Inc. in the amount of $381,620 be accepted as the lowest responsible bid conditioned upon timely execution of any necessary contract documents.
The $381,620 award includes installation of a traffic signal, a new left-turn lane, relocation of the bike trail/pedestrian crossing, and new accessible trail ramps.
The low bid of $381,620 exceeds the construction estimate of $350,000. Three bids were received. Staff does not believe that rebidding the project will result in lower bids. Project funding is available to award a contract based on the actual bids received.
Strategic Plan Goal:
Financially Strong City with Service Excellence, Safe Large City
Plano Tomorrow Plan Pillar:
Built Environment, Social Environment |
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