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y . . <br /> The City's current MFT allocation for street work is set at $2,000,000. The bids received were <br /> higher than anticipated and may require reorienting some of the City's budgeted MFT projects <br /> and allocating additional funds for street restoration. Another option may be to reduce the <br /> streets to be worked on in order to be under the $2,000,000 allocation. At this time, staff <br /> recommends moving ahead with the project. Following the approval of the Mayor and City <br /> Council, the bid tabulation will be forwarded to the Illinois Department of Transportation for <br /> final approval in accordance with the rules governing the disbursement of Motor Fuel Tax <br /> funds. <br /> POTENTIAL OBJECTION: There are no known objections to this resolution <br /> and bid award. <br /> INPUT FROM OTHER SOURCES: None <br /> STAFF REFERENCE: Richard Marley, Director of Engineering and <br /> Infrastructure, at 242-2747 <br /> Matt Newell, City Engineer, at 424-2747 <br /> Richard Marley will be in attendance at the City Council meeting to answer any questions of <br /> the Council on this item. <br /> BUDGET/TIME IMPLICATIONS: <br /> Funding for this project is currently budgeted in the City's Motor Fuel Tax Fund. The <br /> recommended low bid amount is $2,175,390.40. <br /> The project is scheduled to begin in mid-June, and should be completed by late October, 2007. <br /> Attach: 4 <br /> cc: John Smith, Assistant City Manager for Public Services <br /> Dick Borders, Municipal Service Center Manager <br /> Aaron Lawson, Assistant City Engineer <br /> Bobby Davidson, Engineering Technician Supervisor <br /> Kevin Meachum, Engineering Technician III <br /> Dunn Company, A Division of Tyrolt, Inc. <br /> Illinois Valley Paving Company <br /> Page 2 <br />