Agenda - Council - 08/03/1992 - Special

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CASE # APPROVAL OF WOOD POND HILLS 2ND '~ADI~ITION DEVELOPMENT AGREEMENT AND REVIEW OF ASSOCIATED IMPROVEMENTS By: Steven Jankowski, City Engineer Background: As you may recall, City Council has awarded a contract to S.J. Louis Construction in the amount of $447,318 for utility and street improvements associated with the Wood Pond Hills subdivision. This award covered improvements to 32 lots, however, contract documents were prepared to solicit an alternate bid for the development of 16 additional lots on lodine Court N.W, which would become Wood Pond Hills 2nd Addition. The developer has now decided to proceed with the development of this additional phase. The underground contractor is rapidly finishing his underg'round utility work and must be awarded the alternate bid within the next few days to avoid additional mobilization costs not anticipated in his original bid. The City Council must authorize award of alternate "F" in the amount of $42,365.50 to S.J. Louis to proceed with this work. In order to assure the recovery of these expenditures by special assessment, the enclosed Development Agreement must be executed. Recommendation: Staff recommends adopting a resolution authorizing the award of Alternate "F" of the bid proposal submitted by S.J. Louis Construction on June 5, 1992 in the amount of $42,365.50 contingent upon the developer entering into a Development A~eement for the assessment of the project cost. Council Action: Adopt Resolution g~92-08- authorizing the award of Alternate "F" of the bid proposal submitted by S.J. Louis Construction on June 5, 1992 in the amount of $42,365.50 contingent upon the developer entering into a Development A~eement for the assessment of the project cost. Reviewed by: Cib' Engineer CC: 08/03/92 Also distributed to: CiD, Administrator Finance Officer Project Manager