Placentia
City Council
Agenda Item g
1.g. Approval of Plans & Specifications and Award of\nConstruction Contract to Monarka Development\nCorporation dba Express Sign & Neon for the Wayfinding\nDirectional Signage Project Phase IV, City Project No.\n24104 Fiscal Impact: Expense: $304,355.00 Construction\nContract $ 30,435.00 Total Contingency Amount Budget:\n$500,000.00 FY 2023-24 CIP Budget (109800-6850, JL\n24104-6740)\nRecommended Action: It is recommended that the City\nCouncil:\n1) Approve the engineered construction plans &\nspecifications prepared by Selbert Perkins Design, and\napprove a Public Works Agreement for this project\nwith Monarka Development Corporation (dba Express\nSign & Neon) in the amount of $304,355; and\n2) Reject all other bids received and authorize return of\nthe bid bonds; and\n3) Authorize the City Administrator to approve contract\nchange orders up to ten percent (10%) of the\ncontract amount, or $30,435 for a total construction\ncontract not-to-exceed amount of $334,790; and\n4) Authorize the City Administrator and/or his designee\nto execute all necessary documents, in a form\napproved by the City Attorney.\nStaff Report\nAgreement