HomeMy WebLinkAbout~Master - Approving Contract and Bond for South Grand Avenue Extension (0.1 Miles North of South 16th Street North 0.54 Miles to South 5th Street) RESOLUTION NO.20-121
RESOLUTION APPROVING CONTRACT AND BOND FOR CONSTRUCTION OF
SOUTH GRAND AVENUE EXTENSION(0.1 MILES NORTH OF SOUTH 16TH STREET NORTH
0.54 MILES TO SOUTH 5T11 STREET)
FOR THE CITY OF AMES,IOWA
WHEREAS,this City Council and the Iowa Department of Transportation(IDOT)have heretofore
determined it advisable and necessary that certain improvements be constructed in the City of Ames, Iowa,
such project having been designated as the South Grand Avenue Extension (0.1 miles North of South 16th
Street North 0.54 miles to South 5th Street);and,pursuant to notice and hearing,bids were received on the 181h
day of February,2020,as called for in the detailed plans and specifications as prepared by the IDOT and filed
with the City Clerk on the 28th day of January,2020; and,
WHEREAS, this Council and the IDOT have heretofore determined that the bid of Peterson
Contractors,Inc.,of Reinbeck,Iowa,in the amount of$9,368,716.27 is the lowest and best bid submitted for
the construction of said project; and,
WHEREAS,the Contract in the form provided in said plans and specifications has been executed by
said contractor, and satisfactory performance bond has been filed by said contractor.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,as follows:
Section 1. The Contract between the City of Ames,Iowa,and Peterson Contractors,Inc.,of Reinbeck,
Iowa in the amount of$9,368,716.27 dated the 25th day of February, 2020, for the South Grand
Avenue Extension (0.1 miles North of South 16th Street North 0.54 miles to South 5th Street) as
provided for in the detailed plans and specifications referred to in the preamble hereof, and the
performance bond of the said contractor with Travelers Casualty and Surety Company of America of
Hartford, Connecticut, as surety thereon, in the amount of $9,368,716.27 filed in connection
therewith,be and the same are hereby approved.
Section 2. All resolutions or order or parts thereof in conflict herewith are hereby repealed to the
extend of such conflict.
ADOPTED THIS 1 Oth day of March,2020.
Diane R. Voss, City Clerk John . Haila,Mayor
Introduced by: Corrieri
Seconded by: Martin
Voting aye: Beatty-Hansen,Betcher, Corrieri, Gartin,Junck,Martin
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 1 Oth day of March,2020.