Approve the tender for Contract No. CW-17-01, Parkway Drive area minor reconstruction submitted by King Paving & Construction Company, A division of KPM Industries Ltd., 3385 Harvester Road, Burlington, ON L7R 3Y5; in the amount of $2,081,871.32 (HST included); and
Direct the Mayor and City Clerk to sign related documents; and
Authorize the Manager of Procurement Services to issue a purchase order to King Paving & Construction Company, A division of KPM Industries Ltd.; and
Direct the City Clerk to prepare the debenture by-law; and
Approve the total project cost of $ 2,355,000; be charged to Capital Order RL0280 to be financed as follows:
Federal gas tax
|
$ 1,010,000
|
Capital from current
|
$ 679,500
|
Tax supported debt
|
$ 665,500
|
Total project financing
|
$ 2,355,000
|