2002 AGN JUL 16 I05 - Laserfiche WebLink

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Item #5 CITY OF COLTON AGENDA REPORT FOR COUNCIL MEETING OF July 16, 2002 TO: Honorable Mayor and City Council FROM: City Attorney SUBJECT: Rescission of Award of Contract to AEI-CASC Engineering DATE: July 16, 2002 BACKGROUND: On March 26, 2002, the City Council awarded a contract to AEI-CASC Engineering for design services for the 2002 Measure I Project. AEI-CASC later notified the City Engineer that it would not be able to accept the awarded contract. AEI-CASC declined the award due to conflicts over the City's insurance requirements and required time of completion for the work. DISCUSSION/ANALYSIS: Although the City and AEI-CASC did not actually execute a contract, a formal rescission of the award is necessary since the City Council took action to award the contract. The City Attorney's office drafted the attached Agreement of Rescission, in which both the City and AEI-CASC waive any rights or obligations related to the award of the contract. ALTERNATIVES: Deny approval of the Agreement of Rescission between the City and AEI-CASC Engineering. 2. Take no action. FINANCIAL IMPACT: The awarded contract was approved by City Council in an amount not to exceed $122,016.00. The Council also approved amendments to the compensation, as necessary, up to a maximum of $2,984.00. The rescission of the awarded contract necessarily removes any obligation by the City to compensate AEI-CASC the amounts mentioned above.