Explanation
1. BACKGROUND
This ordinance authorizes: 1) the Director of Public Service to accept deposits from N.P. Capital Management Corp. to be used for construction, construction inspection, and administration of the Roadway - Polaris Parkway - Gemini Place to South Old State Road project; 2) the establishment of Auditor’s Certificates for the payment of construction, construction inspection, and administration services of the project; and 3) the expenditure of funds for the aforementioned purpose. It also authorizes the refund of any unused funds deposited by N.P. Capital Management Corp., or the acceptance of additional funding from N.P. Capital Management Corp. should the aforementioned sum prove insufficient, to pay the actual costs for construction, construction inspection, and administration for this project upon the completion of final accounting for the Roadway - Polaris Parkway - Gemini Place to South Old State Road project or when the Department of Public Service determines remaining funds are no longer needed for construction, construction inspection, and administration for the project.
This contract includes the widening of northbound Polaris Parkway to three lanes from Gemini Place to approximately 1000’ south of South Old State Road and widening of southbound Polaris Parkway to three lanes from Antares Avenue to approximately 67‘ west of Antares Avenue. The project will also widen eastbound Antares Avenue to four lanes to include a 210’ right turn lane at the intersection of Polaris Parkway. Work includes full depth pavement widening, resurfacing in widening areas, curb and gutter, sidewalk, drive reconstructions, new storm sewer, ditches, and culverts, updated lighting, a new signal at the intersection of Polaris Parkway and Antares Avenue, and other work as may be necessary to complete the contract in accordance with the plans and specifications set forth in the Bid Submittal Documents.
N.P. Capital Management Corp. recently deposited $3...
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