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existing high crown and steep cross slopes. This roadway section was on last year's resurfacing program but was postponed due to required underground water pipeline system modifications. The water project is nearing completion making the roadway ready for resurfacing. DISCUSSION Bids Sealed bids for this project were opened on May 21, 2013. There were a total of seven bids received, ranging between the low bid amount of $1,007,765.70 from Ghilotti Construction Company, to a high bid of $1,454,156.20. The low bid is approximately 1% lower than the engineer's estimate of $1,017,981 (see attached Bid Summary). Past work performed by Ghilotti Construction Company was verified to be satisfactory. Therefore, staff recommends award of the construction contract to Ghilotti Construction Company. Budget The Stoneridge Drive portion of this project was authorized under the FY 2012/2013 Capital Improvement Program CIP budget for design and construction with an approved budget of $900,000 (CIP No. 125024). This portion of the project is funded by Alameda County Surplus Property Authority. Staff is recommending the transfer of $271,980 from the Annual Resurfacing of Various City Streets project, CIP NO. 125003, to fund the Vineyard Avenue portion of the project. This includes $245,373 for the Vineyard Avenue portion of the construction contract, a 10% contingency, and a portion of the geotechnical testing. Attachment 2 details the funding and anticipated expenditures for the project. Schedule The proposed schedule for the subject project is as follows: Approval of Plans & Specifications and Award of Contract: 06/18/2013 Start of Construction: 07/15/2013 End of Construction: 08/23/2013 Submitted by: Fiscal Review: Approve by: • rian Dolan L9 - mily Wagner Nelson Fialho Director of Director of Finance City Manager Community Development Attachments: 1. Bid Summary 2. Funding and Estimated Expenditure Summary Page 3 of 3