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CITY OF COLTON <br />AGENDA REPORT <br />FOR COUNCL MEETING OF MAY 6, 1997 <br />Both bids are deemed complete and both contractors are capable of performing the <br />project. The apparent low bidder is Matich Corporation with a bid amount of $38,393. <br />Since the bid is well within the project budget, staff request the Council authorize the <br />restoration of the additional paving, which was removed in Addendum # 3 of the bid <br />package. This will increase the project cost to $61,882 - well within the $120,000 <br />budgeted by the State. <br />FINANCIAL IMPACT: <br />This is a Budget Capital Improvement Project with funding from a State Grant in the <br />amount of $172,048, of which $52,048 has already been received for engineering <br />design and an $12,000 allocated for project administration. The Engineer's cost <br />estimate for the remaining "City -Wide" portion of the project is $90,000 <br />RECOMMENDATION: <br />Staff recommends approval of the Proposition 116 City -Wide Bicycle Lane Project and <br />recommend Council approve Matich Corporation as the lowest qualified bidder. <br />Staff also request Council to authorize an increase of $23,489 for additional paving <br />work to a total award of $61,882. <br />Y <br />Report prepared b James R. King, Engineering Specialist <br />2 <br />