03-22-21-R - Laserfiche WebLink

Home Browse Search

ARDEN HILLS CITY COUNCIL—MARCH 8, 2021 6 Nick Amatuccio, Bolton & Menk, explained on January 25, 2021, the City Council approved plans and specifications and ordered advertisement for bids for the 2021 PMP Street and Utility Improvement Project located in the Hazelnut Park residential neighborhood. Bids were opened on February 24, 2021 after receiving 11 bids for the project. The five lowest bids were reviewed with the Council. Mr. Amatuccio reported the low bid of $2,704,412.10, received from C&L Excavating, Inc., (C&L) compares favorably with the construction engineer's estimate which is $3,234,599.50. Further analysis of the low bid; adding overhead and dividing it into the cost for the reconstruction and reclamation project areas results in the following street project costs: • $1,110,790.22 Total Project Cost for the Reconstruction Streets (Glenpaul and east Jerrold) • $293,723.19 Total Project Cost for the Reclamation Streets (Edgewater and west Jerrold) Mr. Amatuccio commented each of these total project costs were then analyzed for the assessable cost which as described in the City's Assessment Policy is half of the street project cost. The results of this analysis are as follows: • Reconstruction Assessment Rate of$6,942.44 per unit as compared to the Feasibility Report estimate of$8,107.00. • Reclamation Assessment Rate of $2,532.10 per unit as compared to the Feasibility Report estimate of$2,984.00. Mr. Amatuccio stated staff recommends setting the interest rate at 2% over the City's bond interest rate which is approximately 1.15%, resulting in an assessment interest rate of 3.15%. The project timeline was reviewed with the Council. Staff commented further on the assessment rates for the project and it was noted the proposed resolution is consistent with this recommended action. Councilmember Holden questioned if the City has worked with C&L in the past. Interim Public Works Director Swearingen explained he received positive feedback when asking another city about C&L and the quality of their work. Mayor Grant asked what city provided this feedback. Interim Public Works Director Swearingen stated this feedback came from the city of Zimmerman. Mayor Grant requested staff reach out to other cities in order to receive additional feedback regarding C&L. Councilmember Scott indicated he supported the Resolution.