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22 P OLICY O BJECTIVE <br />23 It is City policy to keep utility infrastructure in good operating condition and to keep systems <br />24 operating in a safe condition. <br />25 B UDGET I MPLICATIONS <br />26 Staff received four bids for this project. The low bid was submitted by New Look Contracting, Inc., <br />27 in the amount of $331,331.00. This bid is 8.5% lower than the engineers estimate of $362,010.00. <br />28 The 2022 capital improvement budget included $350,000.00 for this project out of the overall <br />29$900,000.00Storm Sewer CIP projectbudget. <br />30 This project will be funded using approximately $331,331.00 from the Storm Water Utility CIP <br />31 Fund. <br />32 S TAFF R ECOMMENDATION <br />33 Staff recommends approval of a resolution awarding a contract for the Fairview and County Road C <br />34 Storm Sewer Improvements in the amount of $331,331.00 to New Look Contracting, Inc. <br />35 R EQUESTED C OUNCIL A CTION <br />36 Approve resolution awarding a contract for the Fairview and County Road C Storm Sewer <br />37 Improvements in the amount of $331,331.00 to New Look Contracting, Inc. <br />38 Prepared by: Jesse Freihammer, Assistant Public Works Director/City Engineer <br />Attachments: A: Resolution <br /> B: Location Map <br />Page 2 of 2 <br /> <br />