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' ' Page 2 <br /> The low bid is over 10% higher than the engineer's estimate. City staff believes that <br /> reletting of the project will have a negligible effect on the bid prices received. The low bid price is <br /> within the funds budgeted in the City's approved Capital Budget. <br /> It is recommended by staff that the City Council approve the attached resolution awazding <br /> the contract for the Downtown Street Lighting Improvements, City Project 9813, to Egizii <br /> Electric, at their low bid price of$50,781.72, and that the Mayor be authorized to execute the <br /> contract. <br /> City staff will be available to answer any questions that the Council may have at the <br /> meeting. <br /> Attach. 2 <br />