Explanation
1. BACKGROUND: This legislation authorizes the Director of Public Utilities to enter into a construction contract with George J. Igel & Co. in the amount of $2,664,046.59; to encumber funds with the Transportation Division for inspection, testing and prevailing wage coordination services in the amount of $357,659.00; for a legislative total of $3,021,705.59; in connection with the University Area Water Line Improvements Project, Division of Power and Water Contract Number 1014.
2. CONSTRUCTION CONTRACT AWARD: The Director of Public Utilities publicly opened five bids on May 7, 2008. Bids were received from: George J. Igel & Co. - $2,664,046.59; Columbus Asphalt Paving - $2,727,757.74; Tata Excavating - $3,462,649.55; Complete General Construction Co. - $3,789,856.51; and John Eramo & Sons - $3,851,060.49.
The lowest and best bid was from George J. Igel & Co. in the amount of $2,664,046.59. Their Contract Compliance Number is 31-4214570 (expires 6/28/09, Majority). Additional information regarding each bidder, description of work, contract time frame and detailed amounts can be found on the attached Legislation Information Form.
3. FISCAL IMPACT: This Ordinance authorizes the City Auditor to transfer and appropriate funds from the Water System Reserve Fund to the Water Supply Revolving Loan Account Fund in order to fund this proposed expenditure. This transaction is a temporary measure that is required until such time as the Division is able to execute a loan with the Water Supply Revolving Loan Account Fund and reimburse the Water System Reserve Fund. The loan is expected to be approved on June 26, 2008.
Title
To authorize the Director of Public Utilities to execute a construction contract with George J. Igel & Co. for the University Area Water Line Improvements Project; to authorize the appropriation, transfer, and expenditure of $2,664,046.59 from the Water System Reserve Fund to the Water Supply Revolving Loan Accou...
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