HomeMy WebLinkAbout19-042 2019 Overlay Bid
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 19-042
A RESOLUTION ACCEPTING BIDS AND AUTHORIZING THE MAYOR AND CITY
MANAGER TO EXECUTE THE CITY’S STANDARDIZED CONTRACT FOR THE 2019 MILL
AND OVERLAY IMPROVEMENT PROJECT (STR19-000001)
Motion By: Burkart Second By: Thompson
WHEREAS, The City of Prior Lake is committed to improving the streets within the City by
providing continued maintenance; and
WHEREAS, Continued maintenance of City streets will reduce the need of costly reconstruction
in the near future; and
WHEREAS, A total of seven (7) bids were received for the identified improvements as follows:
Company Total
McNamara Contracting $716,880.80
GMH Asphalt $720,740.23
Valley Paving $752,971.10
Park Construction $771,525.90
Northwest Asphalt $781,818.30
Bituminous Roadways $798,989.00
Midwest Asphalt $857,211.00
WHEREAS,
WHEREAS,
McNamara is the lowest responsible bidder in the amount of $716,880.80; and
The additional cost of $16,880.80 in excess of the Capital Improvement Plan
budget will be covered by utilizing existing funds within the Permanent
Improvement Revolving (PIR) fund that were received from special assessment
payments from previous Mill and Overlay projects.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The Mayor and City Manager are hereby authorized to execute the City’s Standardized
Contract for the identified streets overlays with McNamara Contracting for an estimated
cost of $716,880.80. Construction contract expenditures will be charged to 450-
43100.00-55010.00-PRI19-000001) The City’s intent is to issue bonds for the special
assessment portion of the project funding. The funds will be drawn from the Permanent
Improvement Revolving (PIR) Fund 450 as shown on the following table.
Ad Valorem $ 95,000.00
PIR Fund Reserves $ 181,980.80
Assessments $ 439,900.00
Total $ 716,880.80
2
3. The City Council authorizes the intent to issue General Obligation Bonds for this project.
4. Proceeds from the bond sale will be deposited in the Permanent Improvement Revolving
Fund.
5. The City has previously made a declaration of official intent (”Declaration”) to reimburse
certain estimated costs for this project from proceeds of bonds in Resolution 19-018.
Passed and adopted by the Prior Lake City Council this 18th day of March 2019.
VOTE Briggs Thompson Burkart Braid Erickson
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Michael Plante, City Manager