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PALMER DR. PL CAMERON AVE. SOUTH END R 1 050 41,200 <br /> PALMER DR. NORTH END CAMERON AVE R 760 27,282 <br /> AMARAL CIR KOTTINGER DR KOTTINGER DR R 757 21,953 <br /> RAIL ROAD AVE. NEAL ST. SPRING ST. R 921 30,160 <br /> DIVISION ST. MAIN ST. RAILROAD AVE. R 400 9,360 <br /> SPRING ST. MAIN ST. 1ST STREET C 1 ,040 33,600 <br /> BERNAL COURT OLD BERNAL AVE END R 425 16,188 <br /> CALLE ALTAMIRA CALLE REYNOSO PASEO SANTA CRUZ C 1 ,404 49,190 <br /> MEADOWLARK DR TAPESTRY WAY. TAPESTRY WAY R 1,545 50,985 <br /> TROTTER WAY MEADOWLARK DR MEADOWLARK DR R 496 16,864 <br /> TAPESTRY WAY E/O MEADOWLARK MINTON CT R <br /> DR 1,761 58,113 <br /> MINTON CT MEADOWLARK DR END R 508 18,746 <br /> Under the City's purchasing regulations, this contract requires either approval or <br /> ratification by the City Council. <br /> DISCUSSION <br /> Budget <br /> The subject project was authorized under the FY 2008/2009 and FY2009/2010 Capital <br /> Improvement Program (CIP) budgets for design and construction with an approved <br /> combined budget of $500,000. The total available funding also includes $93,819 from <br /> the previous year's slurry seal project, CIP No. 075004. This funding includes Gas Tax, <br /> General Fund, and Measure B monies. The estimated total expenditures for this project <br /> is $239,285, including a 10% construction contingency of $21,738 (see attached funding <br /> and expenditures summary). <br /> Bids <br /> Sealed bids for this slurry sealing project were opened on May 25, 2010. Three bids <br /> were received, ranging from $217,377.40, from American Asphalt Repair Resurfacing <br /> Co., Inc., to $281,991.32. The low bid is approximately 20% less than the engineer's <br /> estimate of $270,500 (see attached Bid Summary). <br /> Page 3 of 4 <br />