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HomeMy WebLinkAbout2007-03-26 07-126 ORDERItern No, Dace: B-26-07 07 126 Diem/Subject: ORDEk Authoddng Contact Award for the Reconstruction of Venture Way Responsible Department Economic Development The reconstruction of Venture Way Will allow far the continued development of the Maine Business Enterprise Park (MBEP). As staff worked with our consulting engineering firm on this project, R became apparent that the amount authorized in the M7 Economic Developmxrt Fund budget would be insufficient to complete tris project. As a result, discussionswere held with the Business and Economic Development Committee about the project and other potential sources of hurtling, primarily proceeds from other land sales in Ne park which rook place but were not anticipated during the current year. Based on these discussions, the Committee authorized staff N issue bids and to return to the committee for hurdler discussion once a firm price was know. On February 21, 2007, the City received seven bids for the remnstruction of Venture Way. The bid prices ranged from $60],5]2.10 to 895,129.40. See attached tabulation of bid amounts. After further discussion, MED recommendetl that this project proceed. On March 19, 2002, the Finance ConnmWe revewed and approved Ne staff recommendation to award the contact to the low bidder, Sargent Corporation, in the amount of $6D7,572.10. This projectwill befunded from thefollowingsources: $229,960 from the proceedsof Ne saleof Lot l In Me Maine Business Enterprise Park, $49,267 from the Airport for half of the cost of the section of the project Nat will serve the General Aviation Terminal) and $328,345 from the Heal Year 02 Economic Development fund approved budget The rid award recommendation must be reviewed and approved by the City Council as It Is over $100,000. _ Department Head Recommend approval. City Manager Associated Information: Bid Tab Budget Approval: �/ Finance Dirtttor Legal Approval: Solitltar rtroduced for Passage _ Riot Reading Page _ of _ Referral THAT Deborah Cyr, Finance Director, Is hereby authored to execute a contract v th Sargent Corporeton in the amount of $607,572.10 far the reconstruction of Venture Way. I9 CITY aoecxL I March b, 2007 Paso p OJ -t26 C CITY CL O R O P. R yLuthoywtfne Contract Award for the ee at ay nal�W roCocr�mr City of Bangor Bid Tabulation - Venture Way Remnstructlon BM Opening: 02121/07 Sargent Corporation Stillwater Maix mwmilk EacavaUOn Ban or Maine Vaughn Thibatlxu Ban or. Maine Mama EeM Harmon, Maine Domiotion Tool Prix Total Prim Total Prix Total Prim 59],845.10 Ba ounC Total so An 508.03].90 53 0,266.]] 517,700.W 585,658.50 Total AlternatBitl e Bid 98534.20 87,511.00 10],280.W 110,704.00 Total Pmjeat Bid: 60],5]2.10 617,M.77 624,ga1A0 M,36P.50 Hughes Bros. Hampden, Maine I lana Cons"ofion I Mold", CT RF. J ndan 8 Sona Ellsmft, Maine DxcHoaon TO�vt I Prix Total Priu Tdal Prix Total Base Bitl Amount 608,1]8.00 59],845.10 710930.40 Total Aaemate Bitl 100.0]5.00 109,358.50 134194.00 Tool Project Bitl: 708,253.00 707,213.60 a45,124A0