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HomeMy WebLinkAbout2023-021-01.03.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323. RESOLUTION NO. 2023-021 RESOLUTION AWARDING BID TO KW ELECTRIC OF CEDAR FALLS, IOWA IN THE AMOUNT OF $162,450.00, IN CONJUNCTION WITH THE LOGAN AVENUE (US 63) FROM DONALD STREET TO NEWELL STREET TRAFFIC ADAPTIVE SYSTEM, IOWA DOT GRANT PROJECT NO. ICAAP-SWAP-8155(781)--SH-07, APPROVING THE CONTRACT, BOND AND CERTIFICATE OF INSURANCE, AND AUTHORIZING THE MAYOR TO EXECUTE SAID DOCUMENTS. WHEREAS, KW Electric of Cedar Falls, Iowa, submitted a bid in the amount of $162,450.00, in conjunction with the Logan Avenue (US 63) from Donald Street to Newell Street Traffic Adaptive System, Iowa DOT Grant Project No. ICAAP-SWAP-8155(781)--SH-07, and is the apparent low bidder. WHEREAS, KW Electric submitted a written contract, bond and certificate of insurance, in conjunction with the Logan Avenue (US 63) from Donald Street to Newell Street Traffic Adaptive System, Iowa DOT Grant Project No. ICAAP-SWAP-8155(781)--SH-07. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, 1. That the bid of KW Electric in the amount of $523,353.00, in conjunction with the Logan Avenue (US 63) from Donald Street to Newell Street Traffic Adaptive System, Iowa DOT Grant Project No. ICAAP-SWAP-8155(781)--SH-07, is hereby accepted and the bid is hereby awarded to KW Electric. 2. That the contract, bond and certificate of insurance submitted by KW Electric, in conjunction with the Logan Avenue (US 63) from Donald Street to Newell Street Traffic Adaptive System, Iowa DOT Grant Project No. ICAAP-SWAP-8155(781)--SH-07, are hereby approved. 3. That the Mayor is authorized and directed to execute said documents on behalf of the City of Waterloo, Iowa PASSED AND ADOPTED this 3rd day of January 2023. Quentin Hart, Mayor ATTEST: Kerley Telchle Kelley Felchle, City Clerk SEAL