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Agreement with Econolite Traffic <br />Engineering and Maintenance, Inc. <br />May 5, 2008 <br />Page 2 <br />perform the required work. The prices submitted for the project are as <br />follows: <br />Econolite Traffic Engineering and Maintenance Inc. $1,011,223 <br />Republic ITS $.1,157,640 <br />Sierra Pacific $2,128,795 <br />The City has utilized Econolite for a number of years for its signal and <br />street lighting maintenance and due to their familiarity with the system, <br />excellent service and competitive pricing, staff is recommending an <br />agreement with Econolite. A ten percent contingency has been included in <br />the agreement for conduit replacement and other unforeseen circumstances. <br />FISCAL IMPACT <br />The current fiscal year budget includes $375,000 to begin this project in <br />the Street Lighting activity (account no. 11-625-6631) and another <br />$375,000 is included in the proposed budget for fiscal year 2008-2009 <br />which will be submitted to the City Council in the next several weeks. <br />The remaining $375,000 will be included in the proposed 2009-2010 budget. <br />Completion of the project will be contingent on Council approval of <br />subsequent year funding. <br />James G. Ross <br />Executive Director <br />Public Works Agency <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />'T' ~11~R O a asp ~ ~ ~ .a-.~ <br />Francisco Gutierrez <br />Executive Director <br />Finance & Mgmt. Services Agency ~ <br />251-2 <br />