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M, <br />City Council Minutes <br />June 1, 2010 <br />Page 6 of 9 <br />It was the consensus of the Council to authorize the City Engineer <br />to discuss the situation with MnDOT to determine what will be <br />acceptable. <br />10.2. Consider Bids for West Lake Street Project <br />Tim Houle explained that the City received four bids for the West <br />Lake Street Project. The low bid was from Dechantel Excavating at <br />149,233.43. <br />COUNCIL MEMBER SJOBLAD MOVED TO ACCEPT THE LOW <br />BID FOR THE WEST LAKE STREET PROJECT FROM <br />DECHANTEL EXCAVATING AT $149,233.43. COUNCIL <br />MEMBER RYAN SECONDED THE MOTION. MOTION CARRIED <br />5 -0. <br />Tim Houle stated that the project is schedule to begin after Bean <br />Hole Days and to be completed by the beginning of the school <br />year. He indicated that the contractor has suggested that the <br />�-- project begin right away and be completed July 4th. It was the <br />consensus of Council to begin the project as scheduled so as to <br />avoid any possibility of the project not being complete by July 4th <br />10.3. SuperValu Bond <br />Tim Houle explained that the SuperValu project included several <br />public improvements that were completed by the developer. Tim <br />Houle stated that City staff has inspected the improvements and <br />agrees that they are ready to be accepted by the City. The City <br />Engineer stated that the public improvements are satisfactorily <br />completed pursuant to the Development Agreement and <br />recommends that the performance bond be reduced to 10% of the <br />estimated cost of the public improvements ($233,228.50) and that <br />the 10% be carried through the one year warranty period. <br />COUNCIL MEMBER MALECHA MOVED TO REDUCE THE <br />PERFORMANCE BOND TO 10% OF THE PROJECT COST OF <br />$233,228.50, ACCORDING TO THE DEVELOPMENT <br />AGREEMENT. COUNCIL MEMBER SJOBLAD SECONDED THE <br />MOTION. MOTION CARRIED 5 -0. <br />