Minutes 10/25/1977 - Laserfiche WebLink

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/171 ~.;l. , TUESDAY OCTOBER 25, 1977 ~- Development Administration has approved a grant of $200,000.00, these two bids being $236,543.95 submitted by Thompson-Arthur Paving Company and $234,114.20 submitted by Laramore Construction Company. Upon recommendation of the City Administration, Council accepted the low bid submitted by Laramore Construction Company, with certain adjustments thereto, as well as appropriated (from the General Fund's Emergency Account) the sum of $5,877.20 as the estimated amount by which the estimated adjusted cost of the project will exceed said grant, all of which (adjustments) is set forth in the following certificate issued by the City's Finance Director (under date of October 28, 1977) pursuant to requirements of the Economic Development Administration: MEMORANDUM TO: Economic Development Administration United States Department of Commerce SUBJECT: Project No. (EDA) 01-51-26722 (Funding) _ Proposed Mulberry Road Extension _ City of Martinsville, Virginia This is to certify that Martinsville City Council, at its regular meeting held October 25, 1977, unanimously accepted the low bid of $234,114.20 submitted by Laramore Construction Company for construction of subject project, which bid is reduced by items therein to be provided and/or constructed by City work- forces, viz., $22,000.00 for traffic control system and $3,875.00 for sanitary sewer lines, resulting in a net contract in the amount of $208,239.20. It is estimated that said contract will be reduced further, under mutual agreement, by (1) $3,702.00, representing over-estimation of need for two hundred tons of S-5 bituminous concrete surface, and (2) $7,460.00, representing the elimination of 4% concrete in the sub-base included in said bid. Accordingly, the net construction value will be $197,077.20, predicated upon unit prices and quantities which, with consulting engineer's fee of $8,800.00 and excluding the aforementioned items, amounts to an adjusted cost of $205,877.20. This is to certify, also, that said Council (during said meeting and as a part of its bid acceptance motion and action) provided for the funding by the City of Martinsville (from local funds) of the difference between the said adjusted cost and the EDA grant of $200,000.00, being an amount of $5,877.20.