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1 %-inch layer of hot mix asphalt (HMA) will be applied on top of the newly recycled pavement surface. A new Class II bike lane will be added to both Valley Avenue and Hopyard Road by performing minor roadway widening on the southbound direction of Hopyard Road, south of Black Avenue, and by modifying the striping configuration on Valley Avenue in order to support the City's "Complete Streets" Policy. All required Americans with Disabilities Act compliance curb ramps are being addressed under a separate project (Annual Curb & Gutter Replacements for Street Resurfacing, CIP No. 15509). Budget The estimated total expenditure for this project is $1,620,280 including a 10% construction contingency ($145,000). A summary of the project budget and estimated expenditures is presented in Attachment 3. Bids The project was advertised on February 20, 2017, February 25, 2017, and March 4, 2017. Sealed bids were opened on March 15, 2017, establishing the minimum three-week advertising period required by the funding program. There were four bids received, ranging from $1,450,536 from Granite Rock Company to $1,541,701.40 (see Attachment 1, Bid Summary). The low bid is approximately 4% lower than the engineer's estimate of $1,513,113. Past work performed by Granite Rock Company was verified to be satisfactory. Therefore, staff is recommending award of the construction contract to the lowest responsible bidder, Granite Rock Company. Schedule The proposed schedule for the project is as follows: Approval of Plans & Specifications and Award of Contract: 04/18/2017 Start of Construction: 05/15/2017 End of Construction: 07/21/2017 Submitted by: Fiscal Review: Approve by: Stephen ' atrick r Tina Olson Nelson Fialho Director of Engineering Director of Finance City Manager Attachments: 1. Bid Summary 2. Funding and Estimated Expenditure Summary Page 3 of 3