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FPI Paving 2009 bid price $64.00 per Ton 800 s.v. Vallev Park Pathwav Pavin� T. A. Schifsky Tower Asphalt Ace Blacktop Bituminous Roadways Paragon Midwest Asphalt FPI Paving 2009 bid price $64.00 Ton Pathwav Reclamation Ace Blacktop Bituminous Roadways Tower Asphalt T. A. Schifsky FPI Paving Paragon Midwest Asphalt 2009 bid price reclaiming 2.10 sy. and 2.35 sy. $121.00 ton $70.00 per ton $71.00 per ton $83.00 per ton $90.00 per ton $100.48 per ton $110.20 per ton $121.00 per ton Acorn Park 1.85 s.y. 2.64 s.y. 2.65 s.y. 2.55 s.y. 2.65 s.y. 2.59 s.y. 2.86 s.y. Vallev Park 1.85 s.y. 2.08 s.y. 2.10 s.y. 2.55 s.y. 2.10 s.y. 2.59 s.y. 2.25 s.y. Staff has done considerable research into market trends for asphalt pricing. Current indicators are that pricing is expected to increase in the next month or two for asphalt mix, bituminous paving, sealcoat oil, and aggregate. POLICY �BJECTIVE Each year city staff uses the competitive bid process to secure maintenance materials and contractual concrete work that fall within budget guidelines. This allows maintenance programs to be completed as planned with quality materials at the lowest possible cost to the city. FINANCIAL IMPACTS Street maintenance materials, contractual concrete work, paving, reclamation, and miscellaneous patching are funded in the Street Maintenance. Pathways are funded in the Pathway Parking Lot Budget. The bids received are reflective of the current market rates for the items bid. Market prices are in flux at this time on some items reflecting an unstable market. Combined bids received reflect a small increase in cost for maintenance materials and repairs. Page 4 of 5