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HomeMy WebLinkAbout2007 08 13 Consent 219 Subsequent Contract Agreement with Progress Energy COMMISSION AGENDA ITEM 219 CONSENT X August 13, 2007 Meeting MGR/DEPT Authorization REQUEST: Public Works Department, Capital Projects Division, is Requesting Approval of the Subsequent Contract Agreement with Progress Energy for Installation of Streetlights Phase 3 and 7 as Part of The Tuscawilla Lighting and Beautification District TLBD Phase 2 Beautification Project. PURPOSE: This agenda item is needed for the City Commission to approve a contract between the City of Winter Springs and Progress Energy for the installation of decorative streetlights as part of the continuation of the TLBD Phase 2 Beautification Project Phase 3 and 7 for a combined cost of $78,237.23. CONSIDERA TIONS: On November 14, 2005, the City Commission adopted Resolution 2005-43, The Final Improvement Assessment Resolution and Maintenance Assessment Resolution for the Tuscawilla Phase II Assessment Area, which implemented the Capital and Maintenance Assessment Program for the TLBD Phase II Beautification Project. On February 27 2006, the City Commission adopted Resolution 2006-14, accepting the Bank Loan Proposal, from Wachovia Bank NA in the amount of $430,000 to finance the TLBD Phase II Project. Phase 3 and 7 completes payment for all of the installation of street lights. Progress Energy is committed to completing all the work by February 2008. Phase 3 of the project installs 62 lights on along Seneca Boulevard at a cost of $46,658.27.00. Phase 7 will consist of installing 47 lights on Shetland Avenue and Dyson Drive at a cost of$31,578.96. Total cost of these four phases combined is $78,237.23. FUNDING: Funding for the TLBD Phase II Beautification Project in the amount of $78,237.23will be taken from the TLBD Improvement Fund (Phase II) Line Code (313- 65000 -30106) Consent Agenda Item 219 August 13,2007 Page 2 of2 RECOMMENDA TION: Staff recommends the City Commission approve contracting with Progress Energy for the TLBD Phase II Beautification Project (Phase 3 & 7) in the amount of $78,237.23 to be taken from the TLBD Improvement (Fund Phase II) Line Code (313-65000-30106). ATTACHMENTS: None COMMISSION ACTION: