Consent 1.A.5.
Regular City Council Meeting
- Meeting Date:
- 05/26/2015
- TITLE
- Delay of Bid Award WO 15-08 Exposition Gateway
- PRESENTED BY:
- David Mumford
- Department:
- Public Works
Presentation:
PROBLEM/ISSUE STATEMENT
The purpose of this project is to reconstruct streets near Exposition Drive between 1st Avenue North and 4th Avenue North in accordance with the Billings Exposition Gateway Concept Plan. The streets included in this project are 3rd Avenue North between Exposition Drive and North 10th Street, 2nd Avenue North between North 9th Street and North 10th Street, North 9th Street between 1st Avenue North and 3rd Avenue North, and North 10th Street between 1st Avenue North and 4th Avenue North. The improvements include water, sanitary sewer, storm drain and street improvements. The project construction was bid on May 19th. Staff recommends delaying the bid award until the June 8th, City Council Meeting to allow time to sell the SID bonds that will partially finance the project.
ALTERNATIVES ANALYZED
| There is no alternative to delaying award of a construction contract for WO 15-08. |
FINANCIAL IMPACT
The cost of the project will be paid out of the following:
- East Billings TIF Funds $250,000.00
- East Billings TIF Bonds $2,800,000.00
- Water Funds $612,000.00
- Gas Tax $430,000.00
RECOMMENDATION
Staff recommends delaying award of a construction contract for WO 15-08 until the June 8th meeting.