Economic Development Authority - Erik Thorvig, Community Development Director
Title
Title
Accept Bid from Albrecht Companies in the Amount of $93,414 for the Lexington Avenue Monument Signage Improvement Project No. 21-62
end
Executive Summary
The City Council approved plans and specifications and ordered advertisement for bids for the Lexington Avenue Monument Signage project on July 7, 2021 with Resolution 21-146.
The project will consist of furnishing and installing monument signage at the following locations:
• Pheasant Ridge Business Park
• Sanctuary Preserve
• Lexington Athletic Complex
This action is solely for the Pheasant Ridge Business Park monument sign as this was proposed to be funded by the EDA. The Pheasant Ridge Business Park previously had a sign that was removed with the street reconstruction project in 2018. The proposed sign design is attached.
Background
Bids were received electronically at 10AM, August 26, 2021, for Project No. 21-62. The lowest bid was received from Albrecht Signs in the amount of $93,414 which includes $88,614 for the sign and $4,800 for lighting. Not included in the bid is the cost to install electric which will be done separately by Xcel Energy. The overall bid tabulation is attached.
Strategic Plan Relationship
This project aligns with the City’s strategic plan goal of well-maintained infrastructure and successful development of the 35W/Lexington Avenue corridor.
Board/Commission Review
Not required
Financial Impact
The project will be funded by the EDA general levy. The 2021 EDA budget anticipated a cost of $125,000 for the sign.
Public Outreach/Input
Not applicable.
Staff Recommendation
By motion, adopt the resolution.
Attachment List
Sign drawing
Bid tabulation
Body
WHEREAS, pursuant to advertisement for bids for Improvement Project No. 21-62, said bids were received on August 26, 2021, electronically opened and tabulated according to law; and
WHEREAS, Albrecht Signs submitted the low bid in the amount of $93,414.
NOW THEREFORE, BE IT RESOLVED, that the Blaine Economic Development Authority hereby approves:
1. The President and Executive Director are hereby authorized and directed to enter into a contract with Albrecht Signs for the designated improvements in the amount of $93,414.
PASSED by the Blaine Economic Development Authority this 8th day of September, 2021.