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HomeMy WebLinkAbout2025-525-09.15.2025.docDocusign Envelope ID: C1CFA8F3-1663-4E34-9B16-632924233F47 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-525 RESOLUTION APPROVING AWARD OF BID TO K&W ELECTRIC OF CEDAR FALLS IN THE AMOUNT OF $524,947.50, APPROVING THE CONTRACT, BONDS, AND CERTIFICATE OF INSURANCE, IN CONJUNCTION WITH THE ANSBOROUGH AVENUE CMAQ, TRAFFIC SIGNAL FIBER OPTIC INSTALLATION FROM DOWNING AVENUE SOUTH 2.7 MILES TO FISCHER DRIVE, CONTRACT NO.07- 8155-784, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENTS. WHEREAS, the City of Waterloo is undertaking the Ansborough Avenue CMAQ Traffic Signal Fiber Optic Installation project to improve traffic signal communication infrastructure along a 2.7-mile stretch from Downing Avenue to Fischer Drive, under Contract No. 07-8155- 784; and WHEREAS, K&W Electric of Cedar Falls has submitted the lowest responsible bid in the amount of $524,947.50 for this project; and WHEREAS, the City's review confirms that K&W Electric's bid, contract terms, bonds, and certificate of insurance meet the necessary standards and requirements; and WHEREAS, it is in the best interest of the City to approve this bid and proceed with the execution of the necessary contractual documents. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1. The bid from K&W Electric in the amount of $524,947.50 is hereby approved for the Ansborough Avenue CMAQ Traffic Signal Fiber Optic Installation project under Contract No. 07-8155-784. 2. The contract, bonds, and certificate of insurance are hereby approved and are in compliance with all municipal, state, and federal requirements, providing the necessary assurances for project execution. 3. That the Mayor and City Clerk are authorized and directed to execute said documents on behalf of the City of Waterloo, Iowa. PASSED AND ADOPTED this 151h day of September 2025. Siigned by: FuAss / b1�Uli4 41F. Ray reuss, Nayor Pro Tem ATTEST: Signed by: Keeley f Keltey iefchie, City Clerk SEAL