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DISCUSSION <br />Budget <br />The subject project was authorized under the FY 2007/2008 Capital Improvement <br />Program (CIP) budget for design and construction with an approved budget of <br />$250,000. This funding includes Gas Tax, General Fund, and Measure B monies. <br />Information on the project budget and estimated expenditures is presented in <br />Attachment 1. <br />Bids <br />Sealed bids for this slurry sealing project were opened on July 22, 2008. There were a <br />total of four (4) bids received that ranged from $157,396.20 to $211,825.53 compared <br />with the engineer's estimate of $198,418 (see Attachment 2 -- Bid Summary). <br />The low bid of $157,396.20 was received from Valley Slurry Seal Company of <br />Sacramento. Past work performed by Valley Slurry Seal Company was verified to be <br />satisfactory. Staff therefore recommends award of the construction contract to this <br />company as the lowest responsible bidder for the project. <br />Schedule <br />The proposed schedule for the subject project is as follows: <br />Approval of Plans & Specifications and Award of Contract: <br />Start of Construction: <br />End of Construction: <br />Submitted by: <br />~.~~..~- <br />Rob Wilson <br />Public Works Director <br />Fiscal Review: <br />David P. Culver <br />Finance Director <br />Attachments: <br />1. Project Budget Table <br />2. Bid Summary <br />3. Contract <br />08/19/08 <br />09/29/08 <br />10/24/08 <br />Approved by: <br />J~~~~%~ <br />Nelson Fialho <br />City Manager <br />Page 3 of 3 <br />