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FD <br />INANCIALISCUSSION <br />12 <br />Staff received 5 bids for this project. The low bid submitted by Valley Paving, Inc, <br />13 <br />$2,045,327.52, is 16% lower than the Engineer’s construction estimate of $2,433,893.53. The <br />14 <br />contract price for the County Road C-2 work, based on estimated quantities, is $402,437.58. <br />15 <br />This is 25% less than the estimate provided to the City Council at the February 13 meeting. <br />16 <br />This project is proposed to be paid for using Municipal State Aid funds; as well as Street, <br />17 <br />Watermain, Storm Sewer, and Sanitary Sewer Infrastructure funds. <br />18 <br />This project is proposed to be completed by Fall 2012. <br />19 <br />SR <br />TAFF ECOMMENDATION <br />20 <br />Staff recommends approval of a resolution awarding bid for 2012 Pavement Management Project in <br />21 <br />the amount of $2,045,327.52 to Valley Paving, Inc. of Shakopee, Minnesota. <br />22 <br />RCA <br />EQUESTEDOUNCILCTION <br />23 <br />Approve resolution awarding bid for 2012 Pavement Management Project in the amount of <br />24 <br />$2,045,327.52 to Valley Paving, Inc. of Shakopee, Minnesota. <br />25 <br />Prepared by: Debra Bloom, City Engineer <br />Attachments: A: Resolution <br />Page 2 of 2 <br /> <br />