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'ity of <br /> <br />iver <br /> <br />Item #4.5. <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />Mayor & City Council <br /> <br />Pat Klaers, City Admin~trA~tor <br /> <br />May 19, 1997 <br /> <br />SUBJECT: Liquor Store Bid -Windows and Store <br /> Front <br /> <br />Attached for your review is some material from Greystone Construction <br />Company regarding the awarding of the rebid of Package #7 - Store Front <br />and Windows - for the Liquor Store. Also attached is a schedule for the <br />project and an updated bid versus budget status report. It should be noted <br />that the bonds for this project that are being issued by the local banks are <br />being revised to reflect this lower bid amount (versus the original budget). <br />The city will be asking the banks to finance approximately $1.25 million. <br />Additionally the city is paying $150,000 for this project with cash on hand. <br />The amount of the bonds is higher than the project bid amount to cover the <br />furniture, fixture, and equipment items (the largest of which is the cooler), <br />soft costs for the architectural and construction manager fees, financial <br />charges, plus miscellaneous fees such as SAC, survey costs, soil testing, etc. <br /> <br />Staff concurs with the recommended action as listed in the Greystone <br />Construction memo. <br /> <br />Recommended Action <br /> <br />It is recommended that the City Council approve a motion awarding the <br />Store Front and Window (Bid Package #7) contract to Gateway AGC, Inc., St. <br />Paul, Minnesota, in the amount of $44,080. <br /> <br />s:\council\pkg#7.doc <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 <br /> <br /> <br />