Title
Transportation Department recommending the following pertaining to the Latrobe Road Widening, Highway 50 to White Rock Road, Project 72402:
(1) Award the Construction Contract to the lowest responsive, responsible bidder to be determined from bids submitted May 10, 2007;
(2) Authorize the Chairman to sign said Contract Agreement; and
(3) Authorize the Director of said Department to sign change orders for necessary items of work identified in the supplemental funds summary.
RECOMMENDED ACTION: Approve.
FUNDING: The provisions of the Funding, Credit and Reimbursement Agreement between West Valley, LLC and the County of El Dorado require that the developer of West Valley advance fund the construction of the Latrobe Road Project through the prepayment of El Dorado Hills TIM fees. A bond was issued and a portion of the proceeds were used to prepay $23 million in El Dorado Hills Traffic Impact Mitigation fees; said prepaid fees are held in a segregated fund and will be utilized to fund these Latrobe Road and White Rock Road improvements.
Body
BUDGET SUMMARY:
Total Estimated Cost $3,400,000
Funding
Budgeted $3,400,000
New Funding $
Savings $
Other $
Total Funding Available $3,400,000
Change To Net County Cost $0
Fiscal Impact/Change to Net County Cost:
The cost associated with the construction phase of this project is estimated at $3,400,000, which includes an estimated bid of $2,628,000, supplemental items at $63,000, construction management, survey, and materials testing costs of $440,000, and a contingency budget of $269,000.
All costs associated with this project have been advanced by the Developer of the West Valley View project through prepayment of impact fees. There are currently sufficient bond proceeds from the Community Facilities District No. 2005-1(Blackstone) being held in a segregated fund for prepayment of fees in an amount in excess of the cost associated with...
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