The bid received from Norris Asphalt totaled $293,421.47, which was over our engineer’s estimated cost of $219,403.00. However, City staff does not believe that there is any benefit in rebidding due to limited asphalt contractors in our area. The street department will be repairing curbs and several large concrete patches on the Broadway segments at an out of pocket cost of approximately $15,000 prior to the overlay. We will also be performing the “Fixture Adjustments” in the contract, thereby reducing this contract by $5,000.
The project is to be completed by November 15, 2013.
Financing for the project will be provided from the Local Option Sales and Services Tax Fund.