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The City's consulting engineer, SEH, Inc., has experience working with the low bidder <br />and has indicated that they are a responsible contractor capable of performing the <br />required work. <br />FINANCING SUMMARY: <br />The 1996 budget included $62,000 for this project. The base bid ($40,850) and bid <br />alternate 1a ($6,375) results in a total construction cost of $47,225.00. Consulting <br />engineer services are approximately $7,000 for a total project cost of approximately <br />$54,225. <br />PROJECT SCHEDULE: <br />It is anticipated that work will begin within 4 weeks and will be completed by August 30, <br />1996 completed from start of construction. <br />OPTIONS: <br />1. Return to staff for further revie ivy <br />2. Adopt Resolution No. 96-64 accepting the bids and awarding a construction contract <br />for the installation of an underground storage tank to Minnesota Petroleum Service <br />Incorporated in the amount of $47,225.00. <br />RECOMMENDATION: <br />1. Staff recommends that Resolution No. 96 - 64 be adopted. <br />