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HomeMy WebLinkAbout(0053) M&C 21-0786City of Fort Worth, Mayor and Texas Council Communication DATE: 10/12/21 M&C FILE NUMBER: M&C 21-0786 LOG NAME: 20BONDS RANCH ROAD FM156 TEXAS BIT SUBJECT (CD 7) Authorize Execution of a Construction Contract with Texas Materials Group, Inc. d/b/a TexasBit, a CRH company, in the Amount of $1,180,676.20 for the Construction of Intersection Improvements on Bonds Ranch Road at Farm to Market Road156 (City Project No. 101009) (2018 Bond Program) RECOMMENDATION: It is recommended that the City Council authorize execution of a contract with Texas Materials Group, Inc. d/b/a_TexasBit, a CRH company, in the amount of $1,180,676.20, for the construction of Intersection Improvements on Bonds Ranch Road at Farm to Market Road156[PBM1] Intersection Improvements (City Project No. 101009). DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to authorize the execution of a contract with TexasBit, in the amount of $1,180,676.20, for the construction of Intersection Improvements on Bonds Ranch Road at Farm to Market Road 156. The improvements include widening Bonds Ranch Rd. to provide left turn lanes onto Farm to Market Road 156, improve radii for northbound to eastbound traffic, minor storm drain improvements and a new traffic signal with pedestrian access. The construction contract will be funded using 2018 Bond Program Funds available in the project. This project will be constructed through a previously executed Local On System Agreement (LOSA) with the Texas Department of Transportation. No federal or state funds are allocated to the project. The project was posted on the city purchasing website for bid on June 24, 2021 and advertised in the Fort Worth Star -Telegram on June 24, 2021 and July 1, 2021.The following bids were received on July 22, 2021. Bidders Amount Time of Completion Texas Bit $1,180,676.20 300 Calendar Days Reliable Paving $1,193,225.05 McCarthy Construction $1,235,632.68 The Fain Group, Inc $1,239,245.57 FWCC $1,483,434.20 This project will have no impact on the Transportation and Public Works annual operation budget when completed. Construction is expected to start in December 2021. This project is included in the 2018 Bond Program. Available resources within the General Fund will be used to provide interim financing until debt is issued. Once debt associated with the project is sold, bond proceeds will reimburse the General Fund in accordance with the statement expressing official Intent to Reimburse that was adopted as part of the ordinance canvassing the bond election (Ordinance Nos. 23209-05-2018) and subsequent actions taken by the Mayor and Council. Compliance with the City's Business Equity Ordinance has been achieved by the following method: Texas Bit Inc. is in compliance with the City's Business Equity Ordinance by committing to 11 % participation on this project's base bid. The City's Business Equity goal for this project is 11 %. This project is located in COUNCIL DISTRICT 7. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that funds are available in the current capital budget, as previously appropriated, in the 2018 Bond Program Fund for the Bonds Ranch Rd Phase 2 project to support the approval of the above recommendation and execution of the contract. Prior to any expenditure being incurred, the Transportation and Public Works Department has the responsibility to validate the availability of funds. Submitted for City Manager's Office by. Dana Burghdoff 8018 Originating Business Unit Head: William Johnson 7801 Additional Information Contact: Monty Hall 8662