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ARDEN HILLS CITY COUNCIL – MARCH 8, 2021 6 <br /> <br />February 24, 2021 after receiving 11 bids for the project. The five lowest bids were reviewed with <br />the Council. <br /> <br />Mr. Amatuccio reported the low bid of $2,704,412.10, received from C&L Excavating, Inc., <br />(C&L) compares favorably with the construction engineer’s estimate which is $3,234,599.50. <br />Further analysis of the low bid; adding overhead and dividing it into the cost for the <br />reconstruction and reclamation project areas results in the following street project costs: <br /> <br /> • $1,110,790.22 Total Project Cost for the Reconstruction Streets (Glenpaul and east Jerrold) <br /> • $293,723.19 Total Project Cost for the Reclamation Streets (Edgewater and west Jerrold) <br /> <br />Mr. Amatuccio commented each of these total project costs were then analyzed for the <br />assessable cost which as described in the City’s Assessment Policy is half of the street project <br />cost. The results of this analysis are as follows: <br /> <br /> • Reconstruction Assessment Rate of $6,942.44 per unit as compared to the Feasibility Report <br />estimate of $8,107.00. <br /> • Reclamation Assessment Rate of $2,532.10 per unit as compared to the Feasibility Report <br />estimate of $2,984.00. <br /> <br />Mr. Amatuccio stated staff recommends setting the interest rate at 2% over the City’s bond <br />interest rate which is approximately 1.15%, resulting in an assessment interest rate of 3.15%. The <br />project timeline was reviewed with the Council. Staff commented further on the assessment rates <br />for the project and it was noted the proposed resolution is consistent with this recommended <br />action. <br /> <br />Councilmember Holden questioned if the City has worked with C&L in the past. <br /> <br />Interim Public Works Director Swearingen explained he received positive feedback when <br />asking another city about C&L and the quality of their work. <br /> <br />Mayor Grant asked what city provided this feedback. <br /> <br />Interim Public Works Director Swearingen stated this feedback came from the city of <br />Zimmerman. <br /> <br />Mayor Grant requested staff reach out to other cities in order to receive additional feedback <br />regarding C&L. <br /> <br />Councilmember Scott indicated he supported the Resolution. <br /> <br /> <br /> <br />MOTION: Councilmember Holden moved and Councilmember Holmes seconded a <br />motion to adopt Resolution #2021-013 – Declaring Costs to be Assessed; <br />Ordering the Preparation of Proposed Assessments and Calling for a Public <br />Hearing on Proposed Assessments for the 2021 PMP Street and Utility <br />Improvements Project. A roll call vote was taken. The motion carried (5-0).