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HomeMy WebLinkAboutAGENDA REPORT 1995 0705 CC REG ITEM 08J ITEM a //11,633 f"aORPAI , CAUr Gtyco c�eot^, AGENDA REPORT of 7 3 199 CMT-5( O F MOORPARK ACTION: TO: The Honorable City Council The Moorpark Redevelopment Agency / Ahr 1 FROM: Kenneth C. Gilbert, Director of Public Works DATE: June 29, 1995 (Council Meeting 7-5-95) SUBJECT: Consider Adjustment to the Contract Price for the Installation of Conduits for Street Lighting and Other Utilities on High Street DISCUSSION On June 28, 1995, the City Council awarded a contract for the subject work. In preparing the contract documents for this project, staff discovered an error in the prior estimated cost for the Public Address System. The resulting reduced cost for this deleted portion of the work yields a contract price which is higher than the amount approved on June, 28, 1995. This purpose of this report is to seek City Council of the amended contract price. A. Revised Contract Price The revised contract price is as follows: Approved Revised Description Amount ($1 Adjustment ($) Amount ($) Bid Price 126,275.00 0.00 126,275.00 Less Cost of Public Address System 19,816.00 (13,000.00) 6,816.00 Contract Price 106,459.00 13,000.00 119,459.00 B. Revised Total Project Costs A summary of the revised total project costs are as follows: Prior Revised Description Est. ($) Adjustment ($1 Amount ($) Construction 106,459.00 13,000.00 119,459.00 Contingency 10,381.00 1,000.00 11,381.00 Less Cost of Public Address System 5,160.00 0.00 5,160.00 Contract Price 122,000.00 14,000.00 136,000.00 h.gh7.$wd 00144 High Street Street Lights July 5, 1995 Page 2 C. Revised Budget At a future meeting of the Moorpark Redevelopment Agency (MRA) it is the intent of staff to request approval of an amendment to the appropriation and budget for this project as follows: Approved Revised Description Budget ($1 Adjustment ($1 Budget ($1 Approved Amount 122,000.00 14,000.00 136,000.00 RECOMMENDATION (Roll Call Vote) Staff recommends that City Council approve an adjustment to the contract price for the subject project form $106,459.00 to $119,459. 00145 high7.awd