Title
Resolution authorizing Public Works Department to increase the contract limit with Metro Express, Inc., by $800,000.00 for a total amount of $2,000,000.00 to be funded by the Gasoline Tax Road Improvement Fund, for the remainder of the current contract year for further street improvement projects.
CITY MANAGER'S RECOMMENDATION:
That a Resolution authorizing the Public Works Department to increase contract limit with Metro Express, Inc., by $800,000.00 for a total amount of $2,000,000.00 to be funded by the Gasoline Tax Road Improvement Fund, for the remainder of the current contract year for further street improvement projects, be approved by the City Commission.
BRIEF HISTORY:
The contract with Metro Express allows for two contract renewals each in an amount not to exceed $1,200,000.00. The initial contract was for a period of one year in the amount of $1,200,000.00. The expenditures have reached the not to exceed amount of $1,200,000.00 before the end of the one year contract period which expires May 22, 2008. Additional funds are available from the Gasoline Tax Road Improvement Fund for further needed work and this increase is necessary to accomplish that work. This increase limit is acceptable to the contractor Metro Express, Inc.
FINANCIAL INFORMATION (if applicable)
|
1 |
$2,000,000.00 |
Gasoline Tax Roadway Improvement Fund, #350-1553-541-63-00 |
|
Total: |
$2,000,000.00 |
|