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School Street/Jackson Avenue Intusecnon Improvement Page 2 <br />May 5, 2008 <br />Financial Impact <br />The 2008 Capital Improvement Plan (CIP) has earmarked $350,000 fox the total project cost at <br />this intersection. Based on the low bid, the previously ordered signal equipment in the amount of <br />approximately $17,000 and the expended and estimated overhead to accomplish the project, it is <br />anticipated the total project cost will come in between $180,000 and $185,000, well below the <br />programmed CIP amount. <br />Attachments <br />• Bid tabulation <br />• Resolution Accepting Bid and Authorizing Execution of Contract <br />ACtIOn tifotion by Second by Vote <br />Follow Up <br />5:AF,r~ineerlmpxovYxojA2008Impeovemenc &ojectsASchod SFJackson Ivte~secriovAUS OS U8 cc memo.doc <br />