HomeMy WebLinkAboutItem 06 - Stone Myers/Prospect ParkwayITEM • _
MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ROGER NELSON, CITY MANAGER 10
MEETING DATE: MARCH 6, 2001
SUBJECT: AWARD OF CONSTRUCTION CONTRACT STONE MYERS
PARKWAY AND PROSPECT PARKWAY
RECOMMENDATION:
City Council consider awarding a construction contract for Stone Myers Parkway and
Prospect Parkway to JRJ Paving, Inc. in an amount of $ 506,512.20, authorize staff to
execute said contract, and take any necessary action.
FUNDING SOURCE:
Funds are available in the following accounts:
Funding Source Account
Amount
Award
Percent
OOA Ec Development Bonds 178-78103-012
$185,721 .14
$167,149.03
33%
Developer Participation
$371,442.28
$339,363.17
67%
TOTAL
$557,163.42
$506,512.20
100%
Budget
Construction
Contingency
TOTAL
BACKGROUND INFORMATION:
Amount Award Percent
$506,512.20 $506,512.20 91%
$50,651,22 9%
$557,163.42 $506,512.20 100%
Three private developers own undeveloped property bordered by the planned extension
of Stone Myers Parkway and/or Prospect Parkway as reflected in the City's Thoroughfare
Plan. They are preparing to develop their tracts in accordance with their approved
development plans.
One requirement of the proposed development and future developments is that the
abutting developer fund 1/3 of the cost to construct the subject roadways for their
respective frontages on each roadway. This cost share is consistent with the City's current
ordinances which calls for the City to fund 1/3 of the cost of Thoroughfares.
February 28, 2001 (8:58AM)
A Developer's Contract stipulating the funding responsibilities between the three
developers and the City is on the agenda for the March 6, 2001 Council Meeting
This project was publicly bid by the City. Seven bids were received as follows:
JRJ Paving, Inc.
J. L. Bertram Construction
APAC Texas, Inc.
Wright Construction Company
Ed A. Wilson. Inc.
Richard Carr Construction Company
Kelly Construction Company
Staff recommends approval.
JLH/JSL/dsm
oAagenda\03-06-01 \Stone_Myers_Award.doc
$ 506,512.20
$ 518,881.30
$ 523,156.50
$ 533,953.00
$ 602,366.95
$ 615,540.23
$ 615,616.80
February 28, 2001 (9:14AM)