SUBJECT
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Authorizing the City Manager to execute a contract with Embarcadero Water Supply Company, LLC, for FY 2025-2026 in an amount not to exceed $2,500,586.13. This money will be to reimburse Embarcadero Water Supply Company, LLC, for the work performed. The contract provides for the relocation of Embarcadero's irrigation system necessitated by construction of the World Trade Bridge Expansion Project, including related water intake infrastructure improvements, and supports a proposed 4.6625-acre land donation from Fasken Management, LLC, required to facilitate the project. Funding is available in the Bridge Construction Fund.
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PREVIOUS COUNCIL ACTION
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BACKGROUND
The City of Laredo Bridge System and Fasken Management, LLC (Owner) agreed to their most current proposal for the relocation of their irrigation system required to facilitate the construction of the new World Trade Bridge northbound bridge on this project. They are the current landowner for the parcel that will eventually be donated for the purpose of bridge construction.
The Owner will engage one or more consultant(s) including but not limited to engineers, surveyors, and testing companies with respect to the Project, as set forth herein; will engage one or more contractor(s) to perform the Work with respect to the Project, as described herein. The City of Laredo agrees to reimburse Owner for its costs associated with the Work pursuant to the terms and conditions set forth herein.
Upon completion of the Work, Owner shall submit the following to the City: (1) a certificate of substantial completion of the Work from the engineer for the Project (the "Project Engineer") certifying that the Work has been substantially completed in accordance with the plans and specifications; (2) a request for the total sum of the Costs (as defined hereinafter) of the Work; and (3) copies of all of the invoices, applications for payment or other statements related to the Costs of the Work. "Costs" m...
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