City Council

5. REJECTION OF ALL BIDS FOR THE OLD TOWN\nIMPROVEMENTS PROJECT Staff is recommending\nthat the City Council reject both bids received on\nNovember 5, 2024, for the Old Town Improvements\nProject. The City received only two bids for this project,\nboth higher than the engineer’s estimate, with the lowest\nbeing approximately 24% over the engineer’s estimate.\nRecommendation: It is recommended that the City\nCouncil reject the two bids received for the Old Town\nImprovements Project, Capital Improvement Program\nNumber 70254 and direct the City Clerk to return all bid\nbonds. Fiscal Impact: The City’s Capital Improvement\nProgram budget for construction of the Old Town\nImprovements project, Capital Improvement Program\nNumber 70254 is $4,200,000, of which approximately\n$3,780,000 is allocated for construction, with the\nremainder designated as project contingency. The\nproject is funded through a combination of Community\nDevelopment Block Grant Fund (Fund 120) and Land\nSale Proceeds funds (Fund 189).