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CITY OF COLTON <br />AGENDA REPORT (CONTINUED) <br />FOR COUNCIL MEETING OF September 3, 1991 <br />SUBJECT: Award Contract for Street Improvements <br />FISCAL IMPACT: <br />On September 19, 1989, the City authorized the sale of $3.4 million in <br />bonds to finance the construction and acquisition of drainage, street, <br />and utility improvements. Sufficient funds are available within this <br />amount to fund the required street improvements. <br />RECOMMENDATION: <br />Award a contract for rough grading and street improvements on Meridian, <br />Pepper, Randall and San Bernardino Avenues, in the amount of $689,694.00, <br />to Fisher's Grading. <br />Attachment: Bid Summary <br />2 2 <br />Page of Item No <br />