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Astech Asphalt Surface Technologies has previously successfully completed similar type of paving <br />and concrete projects within the City of Elk River. Therefore, we are prepared to recommend <br />award to them as the lowest responsible bidder. <br />Financial Impact <br />The 2008 CIP has $430,000 programmed for the downtown overlay and intersection geometric <br />improvements, along with $80,000 programmed for the TH 10 parking lot improvements. The <br />total bid submitted by Astech Asphalt Surface Technologies, together with associated overhead, <br />will be significantly under the total budget monies in the CIP. <br />Attachments <br />• Resolution accepting the bid and authorizing the execution of the contract <br />• Bid tabulation <br />Action Motion by Second by Vote <br />Follow Up <br />S:\EngineerImprocProj\2008 Improvement Projects\Main & Jackson-No Hwy10 pkg lot\03 77 08 tt memo.doe <br />