SUBJECT
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Authorizing the City Manager to execute contract with American Electric Power (AEP) for the public utility relocation work on blocks 1100 and 1200 of Zaragoza Street, at an amount of $137,823.03. This project is part of the TIRZ No.1 Downtown Improvements Project / Zaragoza Street. Funding is available in the TIRZ No.1 2021B Certificates of Obligation.
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PREVIOUS COUNCIL ACTION
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BACKGROUND
American Electric Power (AEP) downtown light improvements for Zaragoza Street between Convent and Salinas. The scope of the project is for public utility relocation work on blocks 1100 and 1200 of Zaragoza Street, at an amount of $137,823.03. The TIRZ No.1 Board approved this item on September 10, 2024 in the amount of $137,823.03.
COMMITTEE RECOMMENDATION
Approved by the TIRZ No. 1 Board on Tuesday, September 10, 2024.
STAFF RECOMMENDATION
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Staff recommends the approval of this resolution.
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Fiscal Impact
Fiscal Year: 2025
Budgeted Y/N?: Y
Source of Funds: TIRZ No.1
Account #: Click or tap here to enter text.
Change Order: Exceeds 25% Y/N: N
FINANCIAL IMPACT:
TIRZ No.1 Bond $137,823.03 269-7530-533-5512.