City Council

5. REJECTION OF ALL BIDS FOR THE OLD TOWN IMPROVEMENTS PROJECT Staff is recommending that the City Council reject both bids received on November 5, 2024, for the Old Town Improvements Project. The City received only two bids for this project, both higher than the engineer’s estimate, with the lowest being approximately 24% over the engineer’s estimate. Recommendation: It is recommended that the City Council reject the two bids received for the Old Town Improvements Project, Capital Improvement Program Number 70254 and direct the City Clerk to return all bid bonds. Fiscal Impact: The City’s Capital Improvement Program budget for construction of the Old Town Improvements project, Capital Improvement Program Number 70254 is $4,200,000, of which approximately $3,780,000 is allocated for construction, with the remainder designated as project contingency. The project is funded through a combination of Community Development Block Grant Fund (Fund 120) and Land Sale Proceeds funds (Fund 189).