City Council

5.2 Award of Contract for the Magnolia Street Improvements Project from Edinger Avenue to Heil Avenue - Project Plan. No. 2566. RECOMMENDATION: A. Approve a budget allocation from Fund 214 “Street Improvements” in the amount of $330,008 to cover the City of Fountain Valley’s portion (per Cooperative Agreement #2023-09) and create a new CIP Account Number 55037-372500 “Magnolia Street Improvements-Coop Agr-FV”; and B. Increase the Revenue Account in “Street Improvement Grants Fund, Reimbs-Other” for FY 24/25, by $330,008; and C. Approve the award of contract to the lowest and responsible bidder in the amount of $1,296,853 to All American Asphalt and that all other bids be rejected; and D. Authorize a 10% contingency in the amount of $129,685.30 for potential change orders; and E. Authorize the City Manager to execute the contract on behalf of the City, in a form approved by the City Attorney.