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AGENDA RECOMMENDATION |
Item No: 4.A.
Economic Development Authority
- Meeting Date:
- 10/15/2024
Agenda Item:
Resolution considering bids for Capital Improvement Project 11108; 1212 Highland Avenue Foundation Replacement.
Recommendation/Action(s):
Adoption of the attached resolution.
Summary:
The Economic Development Authority reviewed the feasibility of Capital Improvement Project 11108; 1212 Highland Avenue Foundation Replacement at their March 4, 2024, meeting. Bidding documents were developed this summer and the project was advertised for public bidding on September 9, 2024. Three (3) contractors submitted bids for the project. The contract has a substantial completion date of June 13, 2025.
The project as bid includes removal and replacement of CMU foundation in its entirety, waterproofing new foundation, backfilling new foundation with suitable materials, utility disconnects and re-connects, installation of high efficiency furnace, replacement of water heater, perimeter grading work, and sidewalk and driveway replacement.
Web Construction, Inc. submitted the lowest responsible bid of $164,900 with all documentation conforming to the bid requirements set forth by the authority and federal regulations.
Staff recommends the Authority award the bid in the amount of $164,900. Proposed funding for the project has been identified in the City of Mankato Housing Capital Budget.
The project as bid includes removal and replacement of CMU foundation in its entirety, waterproofing new foundation, backfilling new foundation with suitable materials, utility disconnects and re-connects, installation of high efficiency furnace, replacement of water heater, perimeter grading work, and sidewalk and driveway replacement.
Web Construction, Inc. submitted the lowest responsible bid of $164,900 with all documentation conforming to the bid requirements set forth by the authority and federal regulations.
Staff recommends the Authority award the bid in the amount of $164,900. Proposed funding for the project has been identified in the City of Mankato Housing Capital Budget.