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HomeMy WebLinkAboutAgenda Report - June 16, 1999 E-11n �v COUNCILCITY OF LODI • • LL� q�/FORS AGENDA TITLE: Accept Improvements Under Contract for Guild Avenue Street Improvements, Vine Street to 660 Feet North of Vine Street MEETING DATE: June 16, 1999 PREPARED BY: Public Works Director RECOMMENDED ACTION: That the City Council accept the improvements under the "Guild Avenue Street Improvements, Vine Street to 660 Feet North of Vine Street' contract and direct the City Engineer to file a Notice of Completion with the County Recorder's office. BACKGROUND INFORMATION: The project was awarded to A. M. Stephens Construction Co., Inc., of Lodi on September 16, 1998, in the amount of $123,575.00. The contract has been completed in substantial conformance with the plans and specifications approved by the City Council. This project was done in conjunction with the City's purchase of property south of Lodi Avenue and the realignment and construction of Guild Avenue to create marketable industrial parcels. Repayment of these funds to the Rate Stabilization Account will occur as the property is resold for development purposes. The contract completion date was May 14, 1999, and the actual completion date was May 14, 1999. The final contract price was $128,620.13. The difference between the contract amount and the final contract price is mainly due to increases in the actual quantities of work done by the contractor and the quantities which were estimated during the preparation of the plans and specifications. FUNDING: Budgeted Fund: Electric Utility Rate Stabilization Fund Contract Amount: $130,000.00 Richard C. Prima, Public Works Director Prepared by Wesley K. Fujitani, Senior Civil Engineer RCP/WKF/Im cc: Purchasing Officer Electric Utility Director Street Superintendent APPROVED: H. Dixon Flynn -- City anager Caccpt.doc 06/07/99