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HomeMy WebLinkAbout2019.11_fy 2017 Street Rehabilitation ProgramPROJECT COMPLETION REPORT PROJECT: FY 2017 Street Rehabilitation Program DATE PROJECT WAS INITIATED: October 2017 DATE PROJECT WAS COMPLETED: November 2018 PROJECT DETAILS: FY 2017 budget allowed for the expenditure of $1,000,000 and $183,103,56 from the FY 2018 budget Bids for the FY 2017 project were very competitive and bid prices allowed two additional street seaments to be completed in the some area at a reduced cost In order to take advantage of discounted bid prices the City Council allowed Capital Improvement Funds from the FY 2018 Street Rehabilitation Program to be used to complete these additional street segments. On Auqust 15, 2017, City Council approved a construction contract with Becco Construction in the amount of $2,865,000. The contract included pavement repair, asphalt overlay, as well as concrete curb and cutter replacement. On December 4, 2018, City Council approved project acceptance and final pay in the amount of $174,509.17, for a total contract amount $2,743,103.49, contact underrun of $12189651 $1,183,103.56 was funded from the Capital Improvement Fund with the remaining balance funded from the Half Penny Sales Tax and Stormwater Fund. Roger Stevens, Public Works Director Approved by the Sales Tax Oversight Committee March 25, 201 � uliann M. Stet' ns, City Clerk