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CF Quicksilver Street Extension to Elmcrest Park <br /> <br />Total CIY Projects <br />Difference between CIY and Bid <br /> <br /> $ 221,800 <br /> <br /> $ 621,800 <br />$194,805.96 <br /> <br />Potential Funding Sources for Difference <br />Oak Park Recreation District Balance <br />Park Fund 50% Balance <br /> <br />120,483 <br />73O,259 <br /> <br />The difference between the bids and the CI:P funds can be made up by using all of the <br />Oak Park Recreation District Balance and $74,322 from the 50% Fund. The contribution <br />from the 50% fund could be increased to leave some money in the Oak Park District. <br />This park will benefit the entire city so using money from the 50% Fund is appropriate <br />for this project. <br /> <br />Recommendation: <br /> <br />Staff recommends awarding the contract for Elmcrest Park Improvements Base Bid plus <br />Alternates (Improvement Project 04-20) to Bauerly Companies for the amount of <br />$ 813,305.96. <br /> <br />Action: <br /> <br />Adopt resolution 04-06-XXX awarding bids for Elmcrest Park Improvements to the low <br />bidder Bauerly Companies in the amount of $813,305.96. <br /> <br />Reviewed By: <br /> <br />Public Works Director <br />Assistant Public Works Director <br />City Attorney <br /> <br />CC: 06/22/04 <br /> <br />-t40- <br /> <br /> <br />