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Page 2 <br />4/26/93 <br />1993 Contract A <br />Financial implications We are pleased to report that bids for this <br />project ect were verb compet�itlVe . e received eight bids ranging from a <br />low of $1,143,861.35 to a high of $1,368,364.59. The engineer's <br />estimate for the work was $1,253,000a The low bid submitted by Central <br />Landscaping is approximately 9% or $110,000 below the estimate. This <br />has been the trend for the past several years* 'The number of bids <br />received and the close range of bids indicate an extremely competitive <br />construction markets This results in very favorable bids for the City <br />Following is a list of bids received: <br />Central Landscapingr Inca $1,143p861 -•35 <br />T. A. schifs]y and sons $1 g 168, 3j6,,4 6- <br />Tower Asphalt $1,190,634.97 <br />Hardries, Inc. $1,67,35e75 <br />Ce S. McCrossan Construction $1,313,962.08 <br />Ashba ch Construction Coo $1j3141537e82 <br />Aroon Construction $10,3551940e43 <br />Valley Paving $lF368,364*59 <br />The contract costs will be funded as outlined in the project feasibility <br />reports presented to the council at the public improvement hearings. <br />■ i improvement bonds unlit <br />Financing includes a combination of public impro em , <br />funds ' Municipal state Aid funding, And special assessments* Municipal <br />State Aid approval for this project was received on April 19, 19 9 3 i <br />staff <br />recommendation: Staff recommends the council accept the bid and <br />award 1993 Contract A to Central Landsca ing Inc of Forest Lake,, <br />Minnesota* <br />RECOMMENDED COUNCIL ACTION: <br />Approval of resolution awarding bid for 1993 Contract A, City projects <br />F -93 "-02 and ST-93-07, Neighborhood 58;_ F�9 3 9­0 , Neighborhood 62; R-P9 3 -04 f <br />Neighborhood 62; F --93 -02, Neighborhood 66; and ST-92ow 7 in the bid <br />amount of $1,143,861*35 to Central Landscap ing , Inca of Forest Lake, <br />Minnesota. <br />