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AGENDA ITEM #9.1 <br /> City of <br /> Pequot <br /> Lakes=_ - <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Tim Houle <br /> Date: January 5, 2021 <br /> Subiect: Heart of the Good Life (HOTGL) Larsen Parkway Project <br /> Recommendation <br /> Report: As previously approved public bids were obtained and opened for the <br /> 2021 Larsen Parkway Street and Utilities Improvement Project. <br /> There were 13 Bidders. As indicated on the enclosed Recommendation Letter and <br /> Bid Tabulation, the bids ranged from a little over $370,000 to a little over <br /> $616,000. Our Engineer's Estimate of the Final Plans was $476,532.25. <br /> Earlier this year, we estimated $294,400 for construction. Note, that this amount <br /> also included some contingency. For internal budgeting purposes, we would <br /> recommend the City carry a 5% contingency amount as a `cushion' for unexpected <br /> items. <br /> As previously mentioned, we did end up designing a bit more of the storm drainage <br /> system for the overall development in this `first phase' than we originally <br /> anticipated. However, with the grant and the relatively good bids, this approach <br /> will facilitate moving into the next phase of infrastructure improvements. <br /> As a reminder, the above amount was part of an application we assisted the City <br /> with to the Minnesota Department of Employment and Economic Development <br /> (DEED) for a Business Development Public Infrastructure (BDPI) grant. The City <br /> was awarded a $164,700 grant for this project. <br /> If the Council awards this project, we will work with the Contactor to execute the <br /> Construction Contract, set up a pre-construction meeting, and get the Contractor <br /> going on shop drawings and material ordering so construction can begin as soon as <br />