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BACKGROUND Work is underway to extend Stoneridge Drive from Trevor Parkway to El Charro Road. The extension of Stoneridge Drive was approved by City Council in 2010 as part of the Stoneridge Drive Specific Plan Amendment/Staples Ranch and Staples Ranch Environmental Impact Report (EIR). The three new signals are required by the Staples Ranch EIR prior to opening the Stoneridge Drive extension. When completed, these traffic signals provide the following: • Conformance with the Stoneridge Drive Specific Plan Amendment/Staples Ranch; • Signal controlled access to and from Stoneridge Drive; • Dedicated and protected pedestrian crossings at each location; • State of the art traffic signal detection technology designed to detect and serve both vehicular and bicycle traffic; and • Intersection safety lighting at each location designed to improve vehicle, pedestrian and bicycle visibility. Prior to the bid opening, staff notified the public of the pending project with a project leaflet (Attachment 2). DISCUSSION Bids Sealed bids for this traffic signal installation project were opened on March 16, 2011. There were six bids received ranging between $694,644 and $866,977. The apparent low bid was 10% higher than the engineer's estimate of $633,000 (see Attachment 4 for Bid Summary). Staff believes that recent improvements in the economy and increases in materials costs may have resulted in higher bids than were anticipated. Past work performed by Tim Paxin's Pacific Excavation, Inc. was verified to be satisfactory. Schedule The tentative schedule for the project is as follows: Approval of Plans and Specifications and Award of Contract: 8/21/2012 Start of Construction: 10/29/2012 End of Construction: 3/29/2013 Page 2 of 3