Title
Consider and take action on a resolution authorizing a one-year renewal agreement with Brooks Concrete, Inc. for streets, sidewalks, and concrete pavement repair in an amount not to exceed $2,003,100 (Director of Public Works)
Background:
Approval of this resolution will authorize a one-year renewal agreement with Brooks Concrete, Inc. for streets, sidewalks, and concrete pavement repair from October 1, 2023 through September 30, 2024 in an amount not to exceed of $2,003,100 including a 3% escalation in accordance with the existing agreement. This is the second and final renewal and this service will be rebid in FY2024.
Original Contract Amount - $8,100,000 (3-year term)
Amounts Spent by Year:
• FY2020 - $1,609,926 Actual
• FY2021 - $2,036,896 Actual
• FY2022 - $2,047,222 Actual
• 1st Renewal FY2023 - $1,803,364 Estimates
• 2nd & Final Renewal FY2024 - $2,003,100 Estimates
Total Anticipated 5-Year Expenditure - $9,500,508
On September 13, 2022, City Council approved a one-year renewal agreement with Brooks Concrete, Inc. from October 1, 2022 through September 20, 2023 in an amount not to exceed $1,953,178 which included a 3% escalation in accordance with the existing agreement, with the option to renew for one (1) additional one-year period. The following budget for FY2024 exercises the final renewal for an additional one-year period.
On December 17, 2019, City Council approved a three-year agreement with Brooks Concrete, Inc. Bid #20-Streets-004 (R) for the period January 1, 2020 through September 30, 2022 in a total not to exceed amount of $8,100,000, with the option to renew for two (2) additional one-year periods. The following budget for FY2024 exercises the second and final renewal for an additional one-year period.
The not to exceed amount of $2,003,100 for the 1-year contract period, is based on 2,003,100 budgeted for F...
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